Cold spell parametric insurance
Covers the extra costs and lost revenue of an unusually long or severe cold period, measured against the seasonal normal.
Index, trigger and payout
Payout
How the cover works
What is measured, and when it pays.
- Risk covered
- Unusually prolonged/intense below-normal ambient temperature.
- Parametric trigger
- Daily mean/min 2m temperature vs. seasonal-normal baseline.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Grid cell, daily
- Data and model
- Gumbel/GEV extreme-value distribution (same basis as Heatwave, mirrored direction).
- Typically for
- Farms, cooperatives & agri-lenders
Weather family
Other weather 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.