Pipeline disruption parametric insurance
Protects pipeline operators against disruption from ground movement, measured by satellite radar (InSAR) along the route.
Index, trigger and payout
Payout
How the cover works
What is measured, and when it pays.
- Risk covered
- Operational disruption of a pipeline segment from ground movement, flooding, or extreme temperature.
- Parametric trigger
- InSAR ground displacement vs. deformation-rate threshold.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Route, quarterly
- Data and model
- Gumbel/GEV extreme-value distribution — ground-deformation extremes (InSAR displacement-rate literature).
- Typically for
- Construction & infrastructure
Bought by the same clients
Related 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.