Hail parametric insurance
Pays out when radar-measured hail size exceeds the damage threshold over the insured location, from vineyards to solar parks.
Index, trigger and payout
Payout
How the cover works
What is measured, and when it pays.
- Risk covered
- Hail with stone size/radar-intensity above a damage threshold during a convective event.
- Parametric trigger
- Radar-derived MESH / confirmed hail-size reports.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Grid cell, per event
- Data and model
- Gamma distribution — standard hydrometeor (hail-size) model, favored over log-normal.
- Typically for
- Renewable energy producers 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.