Excess rainfall parametric insurance

Pays out when cumulative rainfall over a rolling window exceeds the level at which it starts to cost you money.

Index, trigger and payout

Payout

Illustrative series. The payout is released when the index crosses the trigger agreed in the contract.

How the cover works

What is measured, and when it pays.

Risk covered: Cumulative precipitation over a defined window exceeding a climatological threshold.
Parametric trigger: Cumulative rainfall, rolling 10/30-day window.
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 Flood).
Typically for: Farms, cooperatives & agri-lenders Construction & infrastructure Events, tourism & leisure

Weather family

Next step

We back-test the index at your site over its full history and come back with indicative terms, before anything is bound.