DIGITAL AGRICULTURE PARTNERS
Insurance Tech Solutions for Climate Risks and Natural Catastrophes
Founded in 2008, CelsiusPro is a Swiss Insurtech company that specializes in industrializing index insurance solutions to mitigate the effects of adverse weather, climate change and natural catastrophes. They aim to:
• increase resilience against NatCat and weather events,
• combine risk management with data science,
• simplify, digitalize and automate the risk management process.
They are a global leader as full service provider for risk modelling, underwriting and the administration of index-based risk management products and consultancy in the context of weather risk and natural catastrophes.
Recognized as Top10 InsurTech Companies in Europe 2018 by Insurance CIO Outlook magazine
Winner of the 2014 Australian Insurance Industry Awards (Innovation of the year)
Winner of the 2009 Swiss Insurance Innovation Award
www.CelsiusPro.com
DIGITAL AGRICULTURE SOLUTIONS
Insurance Digitalization
Our platform is your platform. Maximize efficiency, minimize costs and cut time to market.
The cloud-based software solution enables insurers to accelerate the digitalization of traditional insurance offerings and to introduce weather and yield index as well as parametric NatCat insurance schemes. It allows insurers to serve all client segments at low operational costs and to efficiently handle large-scale product distribution and management.
- Customized white label platform
- Modular system architecture
- Seamless front to back processes
- Automated pricing and policy management
- Real-time reporting and audit trail
Weather Index and Agriculture Insurance
Protect your business against losses due to adverse weather.
Companies of weather dependent industries such as construction, energy, tourism, transportation, agriculture, retail and wholesale suffer significant losses as a result to adverse weather. Our parametric insurance solutions are based on data provided by independent third-party agencies such as official weather stations or satellites. The payout is linked to reported data, e.g. rainfall, and does not require a proof of loss.
- Standardized index products for weather and yield
- Globally available for all reported weather parameters
- Automatic payout, no need to file a claim
- Solutions for all weather dependent industries
Parametric Nat Cat Insurance
Get immediate emergency cash after a natural disaster.
In the wake of natural catastrophes, immediate help is crucial for the survival and future economic prosperity of people and businesses in affected areas. Emergency payments are distributed within days based on modeled wind speed (and precipitation) for storms or on peak spectral acceleration (PSA) and peak ground acceleration (PGA) of an earthquake at the location of the insured.
- Global parametric solutions for earthquake and tropical cyclone risks
- Trigger based on the intensity of the natural catastrophes
- No need to file a claim
- Payout takes place within days and can be used for all purposes
Environmental Monitoring System
All relevant global datasets at your fingertip.
The EMS serves the growing need to better understand and manage climate related risks and opportunities. The system allows analysts, risk managers and claims officers to access, analyze, visualize and download climate, vegetation and Nat Cat data from different providers on one single platform. Automated reports can be customized to visually summarize the data and provide a global risk overview.
- Easy data access via online frontend or technical interface
- Data aggregation on all administrative hierarchy levels
- Monitoring of current conditions vs climatology for anomaly detection
- Customized automated reporting including alert function
- Crop Yield Forecast for most important crops on different admin units
- Data import and export in different formats like csv or shapefiles
Claims Monitoring
Reduce cost and speed for claims.
The automatization of the claims settlement of indemnity-based products significantly reduces processing time. In affected areas, small losses are accepted and paid based on environmental data and sample checks. Traditional loss assessments are only carried out in larger claims.
- Claim validation through location-specific climate data
- Minimized and automated claims process for fast payouts
- Event footprint analysis within days including GIS shape files
- Calculation of expected loss of insurance portfolios
Consulting Services
Understand your risk. Identify the best risk mitigation strategy.
We provide comprehensive and solution-oriented consultancy services for single risks as well as micro, meso and macro insurance schemes. Our expertise allows us to cover the entire value chain from identifying the insurance gap, risk analysis, product design, pricing, distribution to education and risk transfer.
- Risk analysis and feasibility studies
- Structuring of risk transfer products
- Design of country-wide schemes and industry solutions
- Education services
INDUSTRIES
Insurance Companies
Drive growth and reduce costs.
Our digitalized solutions enable insurance companies to transform from traditional manual paper-based processes to highly efficient automated processes. The modular approach allows for changes of individual segments such as pricing, policy issuance or loss settlement into seamless front-to-back processes. Off-the-shelf solutions for weather, agriculture and parametric NatCat insurance products minimize cost and time to market for these lines of business.
- Consistent and efficient underwriting
- Streamlined processes
- Efficient claims handling and settlement
- Extensive reporting
Reinsurance Companies
Gain price consistency and risk data enhancement through cendent companies.
We provide highly specialized and customized pricing solutions for reinsurers to enable them to efficiently serve cedent companies. Our experience and longstanding collaboration with reinsurers and alternative markets allows us to provide best execution solutions for our clients.
- Automated pricing support
- In-depth modelling and market understanding
- Extensive network across reinsurers and alternative markets
Broker
From risk analysis to execution.
We support brokers with a strategic interest in weather, agro and NatCat products. Based on large-scale climate data provided by meteorological, hydrological, geological or space agencies we analyze risks, structure index insurance solutions and support best execution in highly specialized markets.
- Risk analysis and solution design
- Structuring of risk transfer products
- Design of country-wide schemes and industry solutions
- Education services
Governmental Agencies & Cooperatives
From micro to macro solutions.
We provide risk analysis and solution designs to cooperatives and governmental agencies ranging from macro to micro index solutions against risks from climate change and natural hazards. Our technology empowers decision makers to identify key risks and to visualize the footprint of actual catastrophic events.
- Single platform for all relevant global datasets
- Risk analysis and product structuring
- Data aggregation on grids or administration levels
- Event footprint analysis within days including GIS shape files
SME & Large Corporations
Bespoke risk transfer solutions.
Our extensive experience in weather risk management enables us to quickly grasp the weather dependency of companies and to statistically quantify their exposure. We believe that educating the decision makers about weather risk to be a cornerstone in building a longstanding weather risk management relationship. Being exceptionally well connected with risk takers, we find best execution solutions for clients.
- Risk analysis and solution design
- Structuring of risk transfer products
- Execution and settlement services
Agriculture
Single Peril Financial Cover for Agriculture.
By utilising our extensive weather and climate data basis we supply corporates and individual growers involved in Agriculture bespoke parametric risk transfer solutions involving precipitation, temperature, satellite imagery and crop yields.
- Risk analysis and feasibility studies for crops
- Structuring of risk transfer products
- Execution and settlement services
- Education services
Microinsurance
Global experience microinsurance schemes.
As Technical Assistance Facility manager of the InsuResilience Investment Fund (IIF) of KfW, a cornerstone of the G7 Initiative for Climate Change, CelsiusPro has an in-depth understanding of microinsurance schemes across the globe and has supported numerous companies in serving small-hold farmers’ insurance needs.
- Risk analysis and feasibility studies
- Structuring of risk transfer products
- Design of country wide schemes and industry solutions
- Education services
