Beekeeping parametric insurance
Protects honey production against a poor pollination season, measured by rainfall deviation and forage availability from satellite.
Index, trigger and payout
Payout
How the cover works
What is measured, and when it pays.
- Risk covered
- Adverse weather during the pollination season suppressing honey production or colony health.
- Parametric trigger
- Rainfall deviation and/or NDVI forage-availability index.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Grid cell, seasonal
- Data and model
- Normal distribution — standardized rainfall-anomaly convention (same basis as Drought).
- Typically for
- Farms, cooperatives & agri-lenders
Agriculture family
Other agriculture covers.
Next step
Test the trigger on your own location.
We back-test the index at your site over its full history and come back with indicative terms, before anything is bound.