Tornado parametric insurance

Pays out when a confirmed tornado track of the agreed intensity passes within a set radius of the insured site.

Index, trigger and payout

Track in radiusNo eventPayout

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: A confirmed tornado of at least a defined intensity within a specified radius.
Parametric trigger: Confirmed tornado track intersecting a defined radius.
Payout: Predefined payout compensating the loss, sized on an 11-tier trigger scale.
Index resolution: Named asset, per event
Data and model: NOAA Storm Events Database (EF-scale climatology).
Typically for: Cities, public bodies & NGOs

Weather family

Next step

We back-test the index at your site over its full history and come back with indicative terms, before anything is bound.