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Efficiently enter the parametric insurance market
CelsiusPro WLP solutions enable insurers and distributors to capture the growing market of parametric insurance products without the need of developing internal solutions that tie up IT resources and costs.
Our online platform provides the following features: online premium calculator, monitoring & settlement, mobile capabilties, offer & policy generation.
Easy access to global climate datasets
Our Environmental Monitoring System is a comprehensive data hub, and we offer it to companies looking to also establish a Centre of Excellence for parametrics. The system enables analysts, risk managers and claims officers to access, analyse, visualise and apply global climate, vegetation and natural catastrophe data, from different sources on one single platform.
Easy, quick access to global climate and NatCat datasets
Sophisticated data aggregation and visualisation
Monitoring of current conditions vs climatology for anomaly detection
Customised automated reporting
Seamless data import and export
Rapid recovery from hurricane catastrophes
In the wake of a hurricane, immediate help is crucial for the survival and future economic prosperity of people and businesses in affected areas. In addition to providing a full range of parametrics services, we connect clients to our subsidiary NatCatPro — a Managing General Agent (MGA) that underwrites parametric NatCat reinsurance.
Parametric solutions for hurricane risks
Trigger based on the intensity of hurricane
No need to file a claim
Payout takes place within days and can be used for all purposes
Caters for small to large enterprises
Accelerated insurance claims settlements
There’s a growing demand among insurance providers to deliver rapid claims payouts and our parametric capabilities are used to speed up claims settlements. We provide settlement services to insurance and reinsurance companies. We act as the independent third party, monitoring incoming data on a daily basis and calculating if there is a payout at a specific location.
Transparency to all stakeholders
An independent party
Access to multiple NatCat data sources
Fast payout calculations
Official reporting of data and calculated payout
Protect your business against losses due to adverse weather
Companies of weather dependent industries such as construction, energy, tourism, transportation, agriculture, retail and wholesale suffer significant losses as a result of adverse weather. Our parametric derivative solutions are based on data provided by independent third-party agencies such as official weather stations or satellites. The payout is linked to reported data, e.g. rainfall, and does not require a proof of loss.
Standardised index products for weather yield and NatCat
Globally available for all reported weather parameters
Automatic payout, no need to file a claim
Solutions for all weather dependent industries
Wildfire, Bolivia, 2019
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We are accessing, processing and analysing more than 20 different data providers worldwide, and on a daily basis we load more than 180 million new data-points into our databases. We invest a significant amount of time in order to access these sources, and process and unify it in an effective system for our clients. This data underpins everything we do, especially for our white label solutions and environmental monitoring system, real-time climate monitoring and automated claims settlement services.
We use the natural catastrophe model CLIMADA within our Environmental Monitoring System. CLIMADA is a state of the art probabilistic NatCat model, developed by the Swiss Federal Institute of Technology. As an open source platform, we benefit from it being continuously developed, and our modellers use it in different regions of the world for multiple projects.
Wildfire, California, 2020
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Understand physical climate-related risk and prepare for TCFD reporting
We provide bespoke company and portfolio-specific insights into physical climate risk and adaptation recommendations to corporate and financial sector clients, so that they can develop a strategy for financial climate resilience. Our Climate Risk Insights and Solutions (CRIS) include the provision of a climate risk analysis spanning single assets, large portfolios and supply chains. Outputs are aligned to TCFD recommendations and backed by scientific metrics.
Investigation of current and future state of physical climate risk
Identification of company assets that are impacted by climate change
Scenario analysis of risk development for RCP 2.6, RCP 4.5 and RCP 8.5
Adaptation pathway analysis and benchmarking, recommendations and opportunities
Support on development of corporate climate strategy to mitigate physical climate risk
Building collaborative solutions to strengthen resilience against natural disasters
The Disaster Risk Finance (DRF) Consulting Team supports multilateral banks, development agencies, and NGOs in their efforts to strengthen the financial resilience of emerging market governments, local insurance markets, and/or vulnerable segments of society against natural disaster risks.
We address complex challenges with a collaborative mindset, working with a range of partners across the insurance and financial inclusion space.
Building on our strengths in data modelling, risk visualization, index/parametric product structuring, and end-to-end software solutions, the DRF Consulting Team focuses on:
Climate and disaster risk analysis
Insurance market research and feasibility studies
Developing innovative index/parametric risk transfer solutions (micro, meso, macro)
Tailored software solutions – e.g., to quantify the financial impact of natural disasters across a country
Identify your best risk mitigation strategy
We provide meso and solution-oriented consultancy services for single risks as well as for micro and macro insurance schemes. We cover the entire value chain, including but not limited to:
Comprehensive market and product analysis
Bespoke risk analysis and feasibility studies
Specialised parametric insurance design
Parametrics education and training
Windstorm, U.S. Midwest, 2021
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From risk analysis to execution
We support brokers with a strategic interest in weather, agro and NatCat products. Based on large-scale climate data provided by meteorological, hydrological, geological or space agencies we analyse risks, structure index insurance solutions and support best execution in highly specialised markets.
Risk analysis and solution design
Structuring of risk transfer products
Design of company specific and country-wide schemes
Education services
Drive growth and reduce costs
Our digitised solutions enable insurance companies to transform from traditional manual paper-based processes to highly efficient automated processes. The modular approach allows for changes of individual segments such as pricing, policy issuance or loss settlement into seamless front-to-back processes. Off-the-shelf solutions for weather, agriculture and parametric NatCat insurance products minimise cost and time to market for these lines of business.
Consistent and efficient underwriting
Streamlined processes
Efficient claims handling and settlement
Extensive reporting
Gain price consistency and risk data enhancement through cedent companies
We provide highly specialised and customised pricing solutions for reinsurers to enable them to efficiently serve cedent companies. Our experience and longstanding collaboration with reinsurers and alternative markets allows us to provide best execution solutions for our clients.
Automated pricing support
In-depth modelling and market understanding
From micro to macro solutions
We provide risk analysis and solution designs to cooperatives and governmental agencies ranging from macro to micro index solutions against risks from climate change and natural hazards. Our technology empowers decision makers to identify key risks and to visualise the footprint of actual catastrophic events.
Single platform for all relevant global datasets
Best in class consultancy
Risk analysis and product structuring
Data aggregation on grids or administration levels
Event footprint analysis within days including GIS shape files
Bespoke risk transfer solutions
Our extensive experience in weather risk management enables us to quickly grasp the weather dependency of companies and to statistically quantify their exposure. We believe that educating the decision makers about weather risk to be a cornerstone in building a longstanding weather risk management relationship. Being exceptionally well connected with risk takers, we find best execution solutions for clients.
Risk analysis and solution design
Structuring of risk transfer products
Execution and settlement services
Single peril financial cover for agriculture
By utilising our extensive weather and climate data basis we supply corporates and individual growers involved in Agriculture bespoke parametric risk transfer solutions, involving precipitation, temperature, satellite imagery and crop yields.
Risk analysis and feasibility studies for crops
Structuring of risk transfer products
Execution and settlement services
Education services
Global experience in microinsurance schemes
As Technical Assistance Facility manager of the InsuResilience Investment Fund (IIF) of KfW, a cornerstone of the G7 Initiative for Climate Change, CelsiusPro has an in-depth understanding of microinsurance schemes across the globe and has supported numerous companies in serving small-hold farmers’ insurance needs.
Risk analysis and feasibility studies
Structuring of risk transfer products
Design of country wide schemes and industry solutions
Education services
Wildfire, U.S. Midwest, 2020
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Contact
Let’s talk about how we make it easy for you to trust life and business continue, with climate change.