Tsunami parametric insurance
Pays out on a tsunami confirmed by open-ocean buoys or an official warning, when liquidity matters most.
Index, trigger and payout
Payout
How the cover works
What is measured, and when it pays.
- Risk covered
- Loss from a tsunami wave confirmed by open-ocean buoy detection or an official warning.
- Parametric trigger
- DART buoy wave amplitude + warning-center alert level.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Marine zone, per event
- Data and model
- Gumbel/GEV extreme-value distribution — wave run-up height extremes (same family as Flood).
- Typically for
- Logistics, maritime & fisheries Cities, public bodies & NGOs
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.