Seasonal Rain Shortfall Protection

Dry season cover graphic with a pattern of circles and text that reads 'Dry Season Cover — Payout for Deficit Cumulative Rainfall'.

DESCRIPTION

Cumulative rainfall is defined as the sum of daily rainfall during the policy period.
If the cumulative rainfall is less than the trigger amount of rainfall, the policy holder will receive a fixed amount for each mm of rain shortfall up to the cover limit.

EXAMPLE

Text-based image showing details of a financial cover period from May 1st to 11th, with trigger under 10mm, payout per mm of $10,000 USD, and cover limit of $100,000 USD, mentioning rainfall report of 7mm.

APPLICATIONS

Agriculture, hydropower production, and other industries where losses depend on the amount of rainfall deficit.

PAYOUT PROFILE

Graph showing payout decreasing as cumulative rainfall increases, with a trigger point at the right end.
A table showing daily rainfall in millimeters from May 1 to May 11, with cumulative rainfall totals, where May 11 has 7 mm total.

Payout calculation: (10mm trigger rain - 7mm cumulative rain) * USD 10,000 payout per mm rain = USD 30,000

Seasonal Excess Rain Protection

Text on a beige background that reads 'Low Water Balance Season Cover - Payout for Deficit Water Balance' with a decorative pattern of circles and floral shapes in the upper right corner.

DESCRIPTION

Cumulative rainfall is defined as the sum of daily rainfall during the cover period.
If the trigger amount of rainfall is exceeded, the policy holder will receive a fixed amount for each excess mm of rain up to the cover limit.

EXAMPLE

Text-based data and statistics about a cover period from May 1st to 11th, including trigger less than 5mm, payout of 10,000 USD per mm, cover limit of 100,000 USD, and daily rainfall and evaporation data.

APPLICATIONS

Agriculture (harvest rain), construction (delay penalties), tourism (non-damage business interruption), and other industries where losses depend on the amount of excess rainfall.

PAYOUT PROFILE

Line graph illustrating payout versus average water balance, with payout constant at a high level until a certain water balance threshold, then decreasing linearly to zero at the trigger point.
A table displaying daily rainfall, potential evapotranspiration, water balance, and average water balance from May 1 to May 11.

Payout calculation: (5mm trigger water balance – 1.9mm average water balance) * USD 10,000 payout per mm water balance = USD 31,000