Maritime transport parametric insurance

Covers schedule disruption when wave height or an official port closure keeps ships from sailing on time.

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: Shipping schedule disruption from weather-driven port closure or unsafe sea conditions.
Parametric trigger: Significant wave height + port-closure flag.
Payout: Predefined payout compensating the loss, sized on an 11-tier trigger scale.
Index resolution: Marine zone, per event
Data and model: Weibull distribution — significant wave-height model (offshore-engineering practice, e.g. DNV standards).
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.