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Parametric assurance
Climate risks represent a real challenge for your business. With parametric insurance, choose an objective, fast, and transparent solution.
Did you know that 70% of businesses are weather-sensitive?
Is your company weather-sensitive?
What is the weather sensitivity of businesses?
A weather-sensitive business is one whose turnover varies greatly according to one or more climatic parameters (wind, rain, sunshine, temperature variations, etc.).
Agriculture, industry, transport, buildings, energy and telecommunications are the main weather-sensitive business sectors.
Parametric insurance represents a growing opportunity for companies looking to effectively protect themselves from significant weather events. A proactive and personalized approach is key to making the most of these innovative solutions, especially as they can incorporate any prevention measures implemented by the company to mitigate risks.
- Parametric business assurance
- Assurance of lack of supply
- The parametric insurance harvests
- Crop insurance
Climate adaptation, a strategic challenge for businesses
Most companies are already experiencing the material and physical consequences of their activities due to climate change: logistical disruptions, power outages, extended production times, and degraded working conditions.
Parametric Business Insurance offers a new alternative, additional coverage, and allows to cover the Loss of earnings without damage.
How does parametric insurance work?
- We define together your coverage based on a parameter (wind, rain, sunshine, temperature variations, etc.) and a predefined indemnity. You know in advance the indemnity to which you are entitled, depending on the value of the chosen parameter.
- We are monitoring the evolution of this parameter and reaching the defined threshold.
- In case of damage, you will receive compensation within a few days. No long and uncertain expertise procedure.
Adapting to the climate does not mean trying to turn back the clock: it means understanding the new constraints linked to climate change and adapting the way we operate.
Scenarios or situations
Parametric insurance: companies facing floods, excess water, and water level decrease.
Situation: You are an inland waterway transport company. Due to flooding or a drop in water levels, your vessels are unable to move and carry out the planned service on time.
Coverage: Parametric coverage covers losses due to falling water levels, or vice versa.
Parametric insurance: companies facing drought
Situation: You are an industrial company forced to reduce or stop your activity as a result of a significant drop in water resources.
Coverage: Parametric coverage covers losses due to water shortage.
A solution dedicated to cooperatives and large producers
The Traditional assurances show their limitations in the face of the specific needs of the agricultural world:
- Insufficient insured capital to cover the entirety of the losses.
- Franchises and high intervention thresholds limiting the compensation.
- Complex administrative procedures Long and advanced expertise requiring upfront funding.
The parametric shortfall insurance is positioned as a complementary and essential solution, offering simplified, quick, and tailored coverage to meet the needs of farmers. This product is specially designed for cooperatives and large groups of producers, allowing them to secure their production against risks:
- Compensation for losses An indemnity is paid if the insured production target is not met.
- Simplified calculation Based on the performance variations of the departments involved compared to a predefined reference, the differential allows for quick and transparent compensation.
Choose effective protection that is tailored to the needs of large producers.
The parametric insurance harvests
Parametric Crop Insurance is limited to a single cover, such as frost. This is in response to the many requests that have arisen since the repeated frost claims of recent years.
A simple, adaptable, and efficient product:
- The capital to be guaranteed is at the choice of the insured.
- Based on the minimum temperatures measured by the nearest station to the operation. Its activation is gradual, according to the drop in temperatures.
Secure your crops against frost.
Parametric insurance harvests: winemakers facing frost
Situation : You are a winemaker and the frost has caused a significant decrease in your production.
Cover: Parametric Harvest cover covers production losses due to frost.
Subsidized climate multi-risk insurance.
Climate hazards are becoming more frequent and heavily impacting agricultural yields. With our subsidized multi-risk climate insurance, benefit from comprehensive coverage to secure your activities against 17 major hazards:
- Hail
- Gel, low temperatures or cold snaps
- Storm
- Drought, high temperatures or heatwaves
- Excess water or humidity
- Lack of solar radiation
- Weight of snow or frost
- Sand wind
- Sunburn
- Floods or heavy rains
- Heat whirlwinds...
These contracts benefit from subsidies that can reach 70% , reducing you costs.
Congratulations Hail and Storm
We Congratulations Hail and Storm offer a specific coverage to compensate for the loss of quantity of crops Caused by these hazards.
- Flexibility The insured chooses the types of crops to cover.
- Parcel precision Only the damaged plot is taken into account for the calculation of the deductible.
Greenhouse Multi-risk Insurance: Tailored Protection
Protect your greenhouse crops against climate risks and unforeseen damages, with guarantees tailored to your specific needs.
Anticipate the unpredictable and secure your harvests today.
Our approach
Made to measure
Developing a custom cover based on predefined parameters and indicators.
Automatic
Monitoring of indicators and triggering of a compensation process at critical thresholds
Fast
Compensation within 15 days without the need for an expert assessment = time saving.
Our clients are sensitive to the environment.
All companies in the following sectors
- Energy
- Transport
- Agriculture
- Industries and others
Discover our market analysis
These solutions rely on predefined climatic indicators (temperature, rainfall, etc.) to trigger compensation. They offer a more responsive and accurate alternative to traditional insurance, and are particularly popular with weather-sensitive sectors such as agriculture, energy, transport, industry and outdoor events.
Why choose Howden?
Our insurance solution offers you a tailor-made coverage, designed to evolve with the specific needs of your company and market trends:
A local presence and
One of the only actors to offer parametric insurance in France.
An expert and available team
An understanding of your needs in terms of climate risks
Customized solutions
Transparent remuneration
Une présence locale et international
A local presence and
Contact
Henri Hélias
Henri Hélias
National Director of Agricultural / Viticultural / Climatic / Weather Risks
