PARAMETRIC INSURANCE / COFFEE
PARAMETRIC INSURANCE
Parametric insurance provide you with new tools to protect against weather risks, to be used as stand alone insurance or as a complement of a traditional insurance contract (e.g. Hail or MPCI).
Key strength :
-
Payout automatically triggered, without on-site claim adjustment process
-
Possibility to insure only part of the crops and part of the surfaces
-
Suited to conventional as well as to organic farming
-
Cover can be purchased up to 15 days before the start of the risk period
-
Very attractive pricing for large deals (competition between several insurance companies)
-
Personalized and expert insurance advice to fine tune the parameters of the cover and to get a good understanding of the payout mechanism.
-
Possibility to get subsidy from the UE in the case of group insurance contract set up by growers union (operational programmes)
PARAMETRIC INSURANCE
WEATHER / FROST
Cold weather and frost can not only destroy last season but also next season harvests and even kill trees. To compensate for financial losses, a frost cover can be put in place, so as to automatically trigger compensation if the temperature drops below certain predefined thresholds.
PARAMETRIC INSURANCE
WEATHER / EXCESS HEAT
Excess heat can also cause significant damage, especially when it occurs in a situation of prolonged drought. Thanks to the excess heat cover, it is possible to automatically trigger compensation when temperatures rise above certain critical thresholds.
PARAMETRIC INSURANCE
WEATHER / DROUGHT
Prolonged drought can cause extensive damage to trees, including dieback, even for irrigated crop when water reservoirs needed for irrigation are depleted. Thanks to drought cover, it is possible to automatically trigger compensation when the variation in cumulative rainfall from normal falls below certain critical thresholds.