Jola

toujours là*
*never let you down

PARAMETRIC WEATHER INSURANCE

PARAMETRIC INSURANCE / HAIL

WHAT IS COVERED ?

All kind of financial losses that result from the occurrence of covered events that are not covered by your current insurance policies : 

  • Damage to solar panels

  • Increased prevention costs

  • Crisis management costs

HOW DOES IT WORK ?

Inception

  • [Jola & Client] Definition of cover parameters : risk period, location of the hail sensor to be installed, covered events and associated damage ratio, limit and deductible

  • [Jola & Client] Selection of the risk taker (e.g. insurance company)

  • [Risk taker & Client] Signature of the contract and payment of the premium at least 15 days before the start of the coverage period

Occurence of a covered event

HOW MUCH DOES IT COST ?

  • The insurance premium depends on the contracts parameters

  • Typically between 0.5% and 3% of the sum insured

  • Examples (Europe)

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PARAMETRIC INSURANCE / LOW SUNSHINE

OBJECTIVES

  • Protect revenue against low sunshine

HOW DOES IT WORK ?

Inception

  • [Jola & Client] Definition of cover parameters : risk period, reference weather data, index calculation methodology, strike, exit (cap/floor), tick, maximum payment amount

  • [Jola & Client] Selection of the counterparty (risk taker)

  • [Risk taker & Client] Signature of the contract and payment of the premium at least 15 days before the start of the coverage period

At the end of the coverage period

HOW MUCH DOES IT COST ?

  • The insurance premium depends on the contracts parameters

  • Typically between 5% and 20% of the maximum payment amount

  • Examples (Europe)

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