Ski resort parametric insurance
Protects a ski season's revenue when cumulative snowfall or snow depth falls short of what the slopes need to open.
Index, trigger and payout
Payout
How the cover works
What is measured, and when it pays.
- Risk covered
- Loss from snow depth/cumulative snowfall falling below the level required for slope operation.
- Parametric trigger
- Cumulative snowfall/snow depth vs. multi-year seasonal mean.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Weather station, seasonal
- Data and model
- Gamma distribution — standard precipitation/snowfall-amount model (meteorological statistics).
- Typically for
- Events, tourism & leisure
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.