CelsiusPro

🌧️ When excessive rainfall threatens to disrupt lives and businesses, Parametric Rainfall Insurance delivers crucial financial support. No delays, no hassle—just fast, predetermined payouts. Learn more in our brochure! 👉 https://lnkd.in/eAuAcF8q Our parametric rainfall product is triggered when rainfall surpasses agreed thresholds, providing reliable and transparent coverage to protect assets, businesses, and livelihoods—without the need for proof of loss. Contact Arijana, Harry or Joel for more information. a.antunovic@globalparametrics.com harry.titherley@globalparametrics.com joel.durand@celsiuspro.com

A cup of Pinot Noir from England: climate change reshaping the wine industry. As climate change progresses, many renowned wine regions worldwide are surpassing the ideal temperature range for their signature grape varieties and wine styles. Recent persistent droughts and wildfires in top wine regions like California, Spain, South Africa, and Australia have severely impacted grape yields. Climatically suitable production areas are shifting to higher altitudes and latitudes—benefiting regions like the UK and opening up new opportunities in the wine world. https://lnkd.in/d9Uvt_Gy

We're taking to #SIRC2024 our risk capacity and technology solutions for parametric climate and NatCat perils.    Our risk capacity is backed by a renowned global reinsurer. And with ParameterPro, our parametric insurance toolkit, brokers can assess climate risk, structure products, and calculate expected losses—all in one platform.   We’ll be in Singapore from 4-7 November. Reach out to Mark, Arijana Antunovic, or Joel to schedule a meeting! mark.rueegg@celsiuspro.com a.antunovic@globalparametrics.com joel.durand@celsiuspro.com Singapore Reinsurers' Association

The Natural Disaster Fund (NDF) addresses a critical market gap in climate risk insurance value chains in two ways: by providing committed risk capacity to support risk aggregators, and offering catalytic grant funding for parametric risk transfer projects. At the #IICI2024 in Kathmandu, Kay Tuschen facilitated an insightful panel with prominent voices from the industry, highlighting how NDF channels donor risk capital into integrated risk management programs that protect climate-vulnerable communities. Managed by our Global Parametrics team, the NDF is a public-private partnership funded by UK and German governmental entities. The NDF shares risks with Hannover Re to provide risk capacity for parametric solutions that foster climate and NatCat resilience for poor and vulnerable communities in low-and-middle-income countries across the Global South. Federal Ministry for Economic Cooperation and Development (BMZ) | KfW | Foreign, Commonwealth and Development Office | Hannover Re | Stefan W. Hirche | Mohammad Faizan Huq | Daniela Zimmermann | Rajeshwari Gorana

Just one week left until the 2024 Parametric Insurer Conference! ❗ Spots are now very limited – register for FREE here: https://lnkd.in/evBghv-K This year’s agenda below... 🗣 Keynote Rowan Douglas CBE, Howden 👥 Panel: Building resilience to the most pressing threats Dr Adrian Leonard, Strategic Insurance Communications [sic] (Moderator) Brad Meier, NormanMax Insurance Solutions Michele Pignoli, Generali Global Corporate & Commercial Paul R., Augment Risk Mark Rueegg, CelsiusPro 👥 Panel: Managing volatility in an uncertain world Henry Gale, The Insurer (Moderator) Victor Bouton, Liberty Mutual Reinsurance Edward Byrns Jr, Chaucer Group Loredana Mazzoleni Neglén Sebastien Piguet, Descartes Underwriting Claire Wilkinson, WTW During this two-hour masterclass, we will explore opportunities and challenges for parametric and alternative risk transfer, noting achievements in 2024 and looking ahead to 2025. For more event details, visit: https://lnkd.in/e9RC82_P Tables are limited for this year's evening awards ceremony. To enquire about booking a table, email Toby at Toby.Mbu@thomsonreuters.com for more information. 2024 Event Sponsors Augment Risk | CelsiusPro | Descartes Underwriting | Howden | NormanMax Insurance Solutions | Parametrix | Skyline Partners | Weather Risk Management Association (WRMA) #ParametricInsurerEvent #parametric #insurance #reinsurance

Central France battles to recover from torrential rains that brought major flooding. The disaster exposes the vulnerability of European nations to extreme weather and climate risk.   French weather agency METEO FRANCE informed that as much as 700 millimetres of rain fell in 48 hours in areas in the southern regions of Ardèche and Lozère. The CelsiusPro visualisation uses NASA’s Integrated Multi-satellite Retrievals for GPM (IMERG) data to show the rainfall totals over the event.   Only about a quarter of climate-related catastrophe losses are insured in the EU, states a paper (https://lnkd.in/eixXSiDF) by the European Insurance and Occupational Pensions Authority (EIOPA). Potential flood losses could exceed €33 billion in one year alone (https://lnkd.in/eSMk5uMF), according to a study published by the European Commission's Joint Research Centre.   As communities in France face the aftermath, swift cash relief becomes crucial for recovery. Parametric insurance leverages satellite data to provide prompt payouts regardless of physical damage. Cash is delivered quickly based on predefined triggers, helping businesses and families recover faster. #flooding #climaterisk #protectiongap #parametricinsurance

The Natural Disaster Fund (NDF) works with local partners to identify critical needs, and develop effective solutions. Read two NDF impact stories: Delivering index-based financial protection for vulnerable women in India against heatwaves; and extending parametric hurricane insurance to small businesses, households, and farmers in the Caribbean. Managed by our Global Parametrics team, the NDF is a public-private partnership funded by UK and German governmental entities. The NDF shares risks with Hannover Re to provide risk capacity for parametric solutions that foster climate and NatCat resilience for poor and vulnerable communities in low-and-middle-income countries across the Global South. Download the full report (👉 https://shorturl.at/CjqxQ) to learn how the work of NDF and its partners has benefited communities across 71 countries. Mahila Housing Trust | Corp-EFF Insurance Company | Federal Ministry for Economic Cooperation and Development (BMZ) | KfW | Foreign, Commonwealth and Development Office | Hannover Re | Stefan W. Hirche | Kay Tuschen | #ICII2024

MHT at #ICII2024 Catch us here! Ahead of our session on the market based 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗥𝗶𝘀𝗸 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗶𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲 𝗳𝗼𝗿 𝗲𝘅𝗰𝗲𝘀𝘀𝗶𝘃𝗲 𝗵𝗲𝗮𝘁 at the International Conference on Inclusive Insurance 2024, #Kathmandu, #Nepal, a shout-out to Kay Tuschen CelsiusPro on talking about MHT's localisation initiatives. These empower communities to develop real climate solutions, in the leadership of women! #ClimateResilience #HeatIndex #FinancialInclusion #CDRFI #InclusiveInsurance2024 #ClimateRiskInsurance #WomenEmpowerment #MHTImpact #InsuranceInnovation Global Parametrics Howden India NEPAL INSURANCE AUTHORITY (Insurance Regulatory),The insurance Network, and Munich Re Foundation

Risk capital from donors plays a crucial role in making insurance accessible to underserved communities. Kay Tuschen and Mehdi Sebti will attend the International Conference on Inclusive Insurance (ICII) 2024 in Kathmandu, where Kay will moderate a panel on how the Natural Disaster Fund (NDF) has provided donor-supported risk capital to bring to market an index product that protects vulnerable women against extreme heatwaves in India. If you're attending ICII, connect with Kay and Mehdi, and join the panel on 23 October! The NDF, managed by Global Parametrics, is a public-private partnership supported by UK and German governments, sharing risks with Hannover Re to boost climate and natural disaster resilience in low and middle income countries. Stefan W. Hirche | Mohammad Faizan Huq | Daniela Zimmermann | Rajeswari Gorana Foreign, Commonwealth and Development Office | KfW | Federal Ministry for Economic Cooperation and Development (BMZ) | Hannover Re #ICII2024 #inclusiveinsurance

🌍 Wetter- und Klimaereignisse beeinflussen zunehmend Geschäftstätigkeiten, Lieferketten und Absatzmärkte weltweit. Mit den wachsenden Anforderungen der Regulierungsbehörden, mehr Transparenz in den Markt zu bringen, wird es für Unternehmen immer wichtiger, sich auf Klimarisiken vorzubereiten und diese zu mindern. Um nicht nur gesetzliche Anforderungen zu erfüllen, sondern auch langfristige Resilienz zu sichern, sollten Unternehmen aktiv Maßnahmen ergreifen. Gemeinsam mit Kaspar Tobler und Clotaire Michel (Risk&Safety AG) haben wir dazu einen Artikel geschrieben. Möchten Sie mehr darüber erfahren, wie Sie Klimarisiken bewerten, mindern und offenlegen können? Treten Sie gerne mit uns in Kontakt, um weitere Details zu besprechen. Gemeinsam können wir Strategien entwickeln, um Ihr Unternehmen zukunftssicher aufzustellen. CelsiusPro