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Parametric Insurance

An increasing number of unusual weather events have been reported in the past couple of years.Three of four companies are frequently impacted by the weather. According to the Intergovernmental Panel on climate Change (IPCC), weather events frequency is even expected to be multiplied by five in the next 40 years. As a result, the economic consequences can be as dramatic as those caused by natural disaster. Companies need to defend themselves against events that could have longer-term consequences on their business. Weather coverage offers protection against losses in revenues, increased costs and production damage that could happen anywhere in a firm’s value chain.

Almost all sectors are affected : 27-30% of European countries’ GDP is weather sensitive.

AXA Corporate Solutions won the “Emerging Risk Solution of the Year” for its pioneering work in the field of parametric insurance.

The awards, launched by Commercial Risk Europe in partnership with Ferma, recognise innovation and excellence among the risk management community and core service providers such as insurers and brokers. The awards’ winners were announced during a gala reception last Tuesday, December 6th, 2016 in Brussels.

The most weather-sensitive sectors

AXA Corporate Solutions is covering business worldwide in all sectors and offers customized solutions to protect your business in a 3-step approach

1) Analyze the weather sensitivity of your activity
2) Build insurance adapted to your specific needs
3) Offer payment trigger based on certified weather reports

Discover here all the marketing materials relative to Parametric Insurance

PDF - 5 Mo
Awards’ book Parametric
Categoy : Emerging Risk Solution of the Year

PDF - 15.5 Mo
Parametric Insurance : White Paper

PDF - 7.6 Mo
Parametric Insurance : White Paper

PDF - 2.6 Mo
Renewable Energy

PDF - 762.5 ko
Parametric solutions for European Captive Forum

PDF - 1.1 Mo

PDF - 1 Mo

PDF - 1.3 Mo

PDF - 650.9 ko
Food & Drink

PDF - 1.2 Mo

PDF - 953 ko

PDF - 984.2 ko