Pest infestation parametric insurance
Pays out when weather conditions push a pest-development model past the threshold for damaging infestations.
Index, trigger and payout
Payout
How the cover works
What is measured, and when it pays.
- Risk covered
- Weather-based pest-development risk exceeding a threshold for damaging infestations.
- Parametric trigger
- Degree-day / humidity pest-development model score.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Administrative zone, seasonal
- Data and model
- Gamma distribution — standard population-growth/degree-day pest model.
- Typically for
- Farms, cooperatives & agri-lenders
Agriculture family
Other agriculture 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.