Paris, France – January 26, 2017 :
Meteo Protect, the European leader in weather risk management, has won the 2016 Environmental Finance Market Rankings, being awarded the title of Best Broker for Weather Risks in Europe.
The Rankings are the largest and most closely watched poll of sentiment across the carbon, renewable energy certificates, weather risk and catastrophe risk markets.
“We are delighted to see Meteo Protect recognized as Best Broker for Weather Risks,” says Gabriel Gross, President and CEO, Meteo Protect. “Clients are more and more demanding; they want more refined structures, as bespoke as possible and the complexity of what we do is increasing. It is only limited by our own speed to come up with new innovations.”
Meteo Protect has been recognized for its work 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.
“There is bullish sentiment across many of the markets we cover in our Rankings, which is pleasing because some of the markets have weathered some very tough times in recent years,” said Environmental Finance editor Peter Cripps. “In fact, many participants are hopeful that markets are now ready to take-off, boosted by strong policy signals such as COP21 and Obama’s Clean Power Plan.”
Winners of the Environmental Finance Market Ranking are selected by votes from clients and other market participants, who judge that they had provided the best service over the past 12 months.
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.