An insurance against frost
Parametric insurance: an ultra-customizable solution to help farmers protect themselves against the financial risks of frost.


Example: Spring frost on vines
During Spring, orchards and vineyards are particularly sensitive to temperature drops. Parametric insurance offers a simple and efficient solution: Meteo Protect’s products indemnifies wine growers and fruit growers when the temperature exceeds a predefined threshold.
In 2017, Spring frost episodes affected almost all French vineyards.
Parametric insurance in practice
Meteo Protect covers Wholesalers and Wine-growers when the temperature exceeds a temperature threshold set in advance.
The client can choose :
- The coverage period
- The critical temperature threshold (in Celsius )
- The compensation per critical day (in euros)
- The surface to cover (in square kilometers)
- The compensation terms
The premium amount will depend on these parameters


How does it work?
The client can choose :
- The only criterion for triggering insurance is the weather index
- Once the claim is declared, Meteo Protect usually pays in 15 days
- No expert to wait, no harvest declaration to transmit
Option : Protection against hail risks
Since 2018, Meteo Protect offers with one of its partners a hail insurance coupled with a Frost insurance. This insurance contract allows farmers to protect themselves against several risks, through a coordinated and single solution.

Do you have a weather risk to cover ?
Contact us and you will be put in touch with one of our partners

Are you a broker ?
Provide your clients with an innovative solution customized to their specific needs.
References




About us
Within the Cooper Gay Group, leading wholesale pan-European Managing General Agent (MGA), the Meteo Protect team is exclusively dedicated to the financial management of weather related risks and the development of parametric solutions.
