A parametric drought and livestock insurance programme in Kenya that leverages data from satellites have helped farmers cope with the impact of extreme weather conditions. While still in its infancy, the model could be replicated across the world to protect small- scale farmers, says Sebastian Glink, Director Business Development and Technology at CelsiusPro in a guest article of the Middle East Insurance Review. Read more.
Next to the guest article CelsiusPro contributed to the cover story “Climate risk – Insuring a highly volatile future” with data and maps about rainfall distribution across the MENA region:
Big data enables insurers to quantify risk, design and price insurance products and validate and settle claims. CelsiusPro Director Business Development and Technology Sebastian Glink offers some insights in a guest article of the Asia Insurance Review Magazine.
CelsiusPro has been recognized by Insurance CIO Outlook magazine as Top 10 InsurTech companies in Europe – 2018. The magazine publishes an annual listing of 10 companies that are the forefront of providing insurtech solutions and transforming businesses.
CelsiusPro is delighted to talk about Insurtech for the Indian PMFBY scheme at the 5th Asia Agriculture Insurance conference in New Delhi 20-21 September.
The PMFBY Portfolio Pricer is a web-based tool for (re)insurers to effectively and efficiently calculate loss costs for the tender of the Pradhan Mantri Fasal Bima Yojana (PMFBY) agricultural insurance scheme. The easy-to-use tool enables local insurers to consistently price any crop insurance for the PMFBY. The Pricer handles up to 10 crores burning cost calculations within seconds and allows full flexibility in setting or changing model parameters and loadings.
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The InsuResilience Investment Fund (IIF) has initiated the development of a new set of rainfall data for Latin America to address the region’s specific climatic challenges.
The new data set will serve as the basis for the introduction of parametric insurance for a better management of agriculture risks throughout the continent. CelsiusPro acts as the Technical Assistance Facility Manager of the IIF.
CelsiusPro manages technical assistance for national agricultural insurance scheme in Armenia
To address the risks related to climate change and adverse weather, private and public partnerships can fill the void of agricultural insurance. CelsiusPro’s consultancy services and expertise in technical assistance play an important role for the implementation of agricultural insurance in Armenia.
CelsiusPro’s products help to mitigate NatCat risks
The World Economic Forum (WEF) analyzed the most pressing global risks and declared extreme weather events to be the most serious peril in the global risk landscape. This – and the effects of climate change in general – presents insurers with great challenges. CelsiusPro offers products to insurers that help to mitigate these risks.