Don’t let the weather dictate what your profits should be
An index-based weather cover is a type of insurance that is triggered when the index exceeds a predefined value.
The index can be a temperature threshold, rainfall levels, sunshine duration, wind speed, or any other weather variable or combination of variables that represent the weather risk your business is exposed to. Other indices are available on request.
The cover is designed to compensate exactly or partially the losses incurred through adverse weather conditions. All possibilities are covered.
The compensation may be fixed when the weather index exceeds a predefined value or progressive if the losses caused by the weather increase in line with the index value.
As with any index-based insurance, it is when a pre-defined index value is exceeded that the loss, in traditional insurance terms, occurs.
The index value is the sole trigger for compensation.
No claim adjustment process, no additional administrative procedures are required.
Meteo Protect helps you build the weather index that best reflects your risk
Meteo Protect designs the cover structure that best meets your financial objectives
The weather report provides the final value of the index calculated from certified observations
In case of adverse weather, the payment is automatically triggered
Terms and conditions of the risk transfer agreement are clear and easy to understand
Our contracts are backed by major financial institutions with solid and stable financial strength
We maintain close relationships with our financial partners to get the best price for each cover
No claim adjustment process, no additional administrative procedures are required once the cover is set up
Bad weather happens? You are paid automatically at the end of the coverage period
Meteo Protect has designed standard solutions that protect you from adverse weather conditions.
Regardless of your business sector and weather risk, in most cases, there is an index-based solution that corresponds to your needs.
Here are a few applications of our index-based weather cover.
Gas, electricity, renewable energies... cover the weather impact on consumption, distribution, or production
Eliminate the weather risk in sectors such as agribusiness, tourism, construction, mining, distribution, transport, event organization...