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Partnered with a weather specialist
A global events organizer needed a faster, more efficient way to handle weather-related cancellations and disruptions. We developed a parametric insurance solution that automatically triggers payments based on predefined weather conditions, without the need for traditional claims processing. This innovative approach has dramatically reduced settlement times from weeks to minutes, providing immediate financial relief when events are impacted by adverse weather conditions.
Explore the guarantees offered, providing quick, reliable protection that adapts to emerging risks and ensures financial security with ease.
Automatically triggers compensation for climate events like floods, storms, or droughts based on predefined parameters, ensuring quick payouts without the need for claims processing. This is ideal for businesses or individuals impacted by natural disasters.
Provides immediate compensation for lost expenses due to canceled events (e.g., concerts, conferences) based on predefined triggers like weather disruptions or travel restrictions. This simplifies reimbursement without the need for documentation.
Co-create your dream insurance product with Wakam
