Zürich, 24. April 2020
In tiefster Trauer nehmen wir Abschied von
Dr. Stefan Lippe
der unerwartet mitten aus seinem Leben gerissen wurde. Wir trauern um Stefan als Präsident des Verwaltungsrates der CelsiusPro AG und als Freund. Stefan prägte die CelsiusPro AG als Verwaltungsrats Präsident massgeblich und erfolgreich mit strategischer Weitsicht, starker Führung und viel positiver Energie. Er hat uns mit seinem grossen Engagement, seiner Erfahrung und seinem ausgeprägten Sinn für Ethik sehr bereichert.
Seiner Frau, seinen Kindern und seiner Familie sprechen wir unser tief empfundenes Beileid aus und wünschen viel Kraft in diesen schwierigen Zeiten.
Wir werden Stefan stets in bester, dankbarer Erinnerung behalten.
Im Namen von CelsiusPro AG
With grief we are taking farewell of
Dr. Stefan Lippe
unexpectedly passed away, way too early for us. We mourn for Stefan as Chairman of the Board of Directors, as well as friend. As Chairman, Stefan successfully helped to shape CelsiusPro with sound strategic vision, strong leadership, and positive energy. His cheerfulness, dedication, experience and sense of ethics has left a lasting impact on our team and the company.
Our deepest condolences go to his wife, his children, and his family.
We will always keep Stefan in our warmest memories.
Dr. Reet Kamal Tiwari (IIT Ropar), Shri Jagjit Singh Kochar (KBK), Shri Devendra Kaushik (KBK), Sebastian Glink (CelsiusPro) sign the MoU.
- The consortium will provide crop yield modelling throughout the globe.
- IIT Ropar will provide all remote sensing-based data inputs, parameters and will develop machine learning models using Artificial Intelligence and Deep Learning for crop yield prediction and estimation in India.
- IIT Ropar will provide field data about the soil health parameters, soil type, land parcel boundary and would develop a mobile app for use by farmers to store and send crop and soil-related on-ground data.
- CelsiusPro will set up a front-to-back platform from pricing, policy management and settlement to climate and NatCat monitoring for enabling seamless settlement of Claims Under various Fasal Bima Yojna.
- IIT will Set-Up and do the operation of Crop Yield Estimation System on village/block level in India which will be used by CelsiusPro as Input for the platform for the monitoring, estimation and calculation of loss based on average yield forecast at farmland parcel-level.
The writing is on the wall – for the first time, environmental and climate change-related risks occupy the top five spots in the Global Risks Report 2020, issued by the World Economic Forum (WEF).
The last five years are on track to be the warmest on record, natural disasters are becoming more intense and more frequent, and last year witnessed unprecedented extreme weather throughout the world. Climate change is progressing more rapidly than many expected – a fact that is reflected in the WEF Global Risks Report 2020.
CelsiusPro contributes to the HSG (University of St. Gallen) insurance magazine in the latest edition about climate change with an article.
Lea Müller, Head of Consulting and Sebastian Glink, Head of Business Development and Technology wrote the article “Insurance helps Protecting Communities and Businesses from Extrem Events”. It can be found in the latest edition of the St. Gallen trend monitor for risk and financial markets.
Many Asian economies are agrarian, and livelihoods are intricately linked to the agriculture segment which again is heavily dependent on the weather. With the weather playing truant we look at how technology can deal with some of the challenges the segment faces in the region.
Sebastian Glink, Director Business Development & Technology at CelsiusPro believes that there are multiple elements where technology could help. Read the entire article in the September 2019 issue of the Asia Insurance Review Magazine.
ISF and Frankfurt School support the development of drought insurance for smallholder farmers in South Africa – CelsiusPro leads the technical implementation
Adam Maniki Rakgalakane, Professor Dr Nils Stieglitz and Mark Rueegg sign the funding agreement
To improve access to agricultural insurance for smallholder farmers, the InsuResilience Solutions Fund (ISF) represented by its management, the Frankfurt School of Finance and Management, South African Land Bank Insurance Company and CelsiusPro have signed a grant funding agreement. This grant – the first provided by ISF since its commencement of operation in 2019 – will serve to co-fund the development and market introduction of an innovative index-based insurance for crop and livestock for smallholder farmers in South Africa.
CelsiusPro expands its consulting services – Lea Mueller is appointed as the new head of consulting
CelsiusPro strengthens its consulting team with Ms. Lea Mueller and expands its advisory services. As an expert in the field of climate change adaptation strategies, Lea will complete the company’s offerings to provide end-to-end services and solutions for climate insurance to public institutions and private companies.
InsuResilience Investment Fund (IIF) is proud sponsor of ILO’s 2019’s Impact Insurance Academy. The weeklong training took place in Turin, Italy. IIF sponsored the participation of eight IIF investees from across the continents: Ecuador, Nigeria, Kenya, Zimbabwe, Israel, Armenia, Pakistan, India. More than 60 Academy participants assisted on lectures and elective courses on insurance. IIF’s chair Stefan Hirche, CelsiusPro’s Alban Desnos and Blue Orchard’s Veronika Giusti-Keller jointly presented on “Impact Insurance for Climate Change Adaptation”. Blue Orchard’s Ernesto Costa introduced IIF fund during the Investors’ Roundtable. At the end of the Academy, Stefan Hirche presided a diner for all IIF investees participating in the Academy – a nice occasion to network and share experience amongst IIF investees.
Testimonies from IIF participants:
Ndumiso Mpofu, Programme Director: Agricultural Finance, VisionFund International
“My biggest take home was digitization as an enabler for scaling up. We have been discussing digitization in my organisation, but it was encouraging to see how others have already implemented and realized results from digitization. A second take home was on the need to get the product right before scaling. We need to understand the local context and ensure that our product responds to the local context.”
Chukwuma Kalu, Head, Agribusiness & Business Development, Royal Exchange General Insurance Company Ltd.
“It was a very insightful workshop and participants were well exposed to opportunities in the Emerging Customer/Insurance resilience landscape.”
About the InsuResilience Investment Fund (IIF):
The InsuResilience Investment Fund, formerly known as Climate Insurance Fund, is an initiative created by KfW, the German Development Bank, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The overall objective of the InsuResilience Investment Fund is to contribute to the adaptation to climate change by improving access to and the use of insurance in developing countries. The specific objective of the fund is to reduce the vulnerability of poor and vulnerable households as well as micro, small and medium enterprises (MSME) to extreme weather events.
The InsuResilience Investment Fund has been set up as a public-private-partnership. It combines Private Debt and Private Equity investments in two separately investible Sub-Funds, open for private investors from July 1, 2017. Technical assistance and premium support facilities complement the IIF and are separately funded by BMZ.
Visit IIF on www.insuresilienceinvestment.fund
Swiss Insurtech company CelsiusPro specializes in providing parametric insurance solutions to mitigate the risks of adverse weather and natural disasters. CelsiusPro’s consulting services include feasibility studies, product design, insurance scheme design, individual risk assessments, process digitalization and education services.
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.
For further information please contact: firstname.lastname@example.org
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.