Sandstorm and dust storm parametric insurance
Covers lost output when a dust or sandstorm cuts visibility and operations, measured by dust concentration at the insured coordinates.
Index, trigger and payout
Payout
How the cover works
What is measured, and when it pays.
- Risk covered
- Financial loss from a dust/sandstorm event reducing visibility/operational output.
- Parametric trigger
- Surface PM10 / dust AOD at the insured coordinates.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Grid cell, daily
- Data and model
- Gumbel/GEV extreme-value distribution — dust-event intensity extremes.
- Typically for
- Renewable energy producers
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.