Volcanic eruption parametric insurance
Covers the losses from a confirmed eruption or its ash plume, triggered on the official eruption status and aviation colour code.
Index, trigger and payout
RedPayout
How the cover works
What is measured, and when it pays.
- Risk covered
- Loss from a confirmed volcanic eruption and/or associated ash/SO2 plume.
- Parametric trigger
- VEI / eruption status + VAAC aviation colour code.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Named asset, per event
- Data and model
- Power-law/exponential decay by VEI (Smithsonian Global Volcanism Program eruption record).
- Typically for
- 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.