Paris, France – September 12, 2016 :
Meteo Protect, the European leader in weather risk Meteo Protect today announced it was named a finalist in the sixth annual Constellation SuperNova Awards. The Constellation SuperNova Awards recognize leaders and teams for their innovative application of disruptive technology in business.
Meteo Protect has been recognized for its work responding to the effects of climate change, for businesses affected by weather variability, in increased costs of production or distribution, lost sales, or other effects along the supply chain. Meteo Protect provides clients with insurance policies and customized price quotes based on a set of individual parameters, using a web-based underwriting and pricing platform for providing completely customized insurance for any weather-related risk.
“The finalists of the 2016 SuperNova Awards demonstrate a deep understanding of the elements required for digital transformation,” said R “Ray” Wang, chairman and founder at Constellation Research. “These innovators take risks, overcome obstacles, and defeat myopia for the purpose of furthering disruptive technology. I know the SuperNova Award finalists will inspire other technology leaders to implement new technologies and transform their organizations.”
“We are delighted to see Meteo Protect receive a finalist ranking in the SuperNova Awards program,” says Gabriel Gross, President and CEO, Meteo Protect. “Meteo Protect created an app that lets customers state their policy specifications and then uses the SAP HANA® platform to aggregate huge volumes of weather-related data from multiple sources, analyze risks, and present price quotes – all in real-time. Clients can perform multiple simulations for hedging all their weather risks with the most cost-effective financial cover.”
Public voting will take place online from September 12-21.
The winners will be announced at the SuperNova Awards Gala on October 27 in Half Moon Bay, California, during Constellation’s Connected Enterprise.
For Meteo Protect:
: +33 (0)1 84 16 66 11
About Meteo Protect
Meteo Protect creates fully-managed parametric weather insurance products to protect businesses when the weather impacts their financial performance. A broker and underwriter based in Paris, and already active in eight countries, Meteo Protect covers risks anywhere in the world, and its solutions are supported by the largest insurers and reinsurers in the market. Meteo Protect is a Lloyd’s coverholder, is registered with ORIAS, and is a member of CNCIF.
Meteo Protect has strong international distribution partnerships with leading, financial institutions, agricultural cooperatives, and associations. Insurance companies use Meteo Protect’s white label, web-based underwriting and pricing platform to create parametric insurance for their clients. The policies are underwritten and managed by Meteo Protect’s award winning platform, Vivaldi, running on SAP’s HANA technology and certified by SAP.