Fisheries parametric insurance

Protects catch and farmed stock against marine heatwaves and harmful algal blooms, measured by sea temperature and chlorophyll.

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: SST anomaly (marine heatwave/cooling) or harmful algal bloom disrupting catch or farmed-stock survival.
Parametric trigger: SST anomaly and/or chlorophyll-a bloom-intensity index.
Payout: Predefined payout compensating the loss, sized on an 11-tier trigger scale.
Index resolution: Marine zone, monthly
Data and model: Normal distribution — SST anomaly, standard climatological-anomaly convention.
Typically for: Logistics, maritime & fisheries

Bought by the same clients

Next step

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