The Parametric Product Landscape
← Learning Center / Fundamentals
5 min read
Product categories available through ParaSure:
1. Named Storm / Hurricane Trigger
Pays when a named storm of defined category enters a defined geographic radius. Best for: coastal hotels, marinas, construction, agriculture in hurricane-prone markets.
2. Wind Speed Index
Pays when sustained wind speeds exceed a threshold at a verified weather station. Best for: outdoor venues, agriculture, construction, retail with outdoor components.
3. Excessive Rainfall
Pays when precipitation exceeds a defined amount in a defined window. Best for: restaurants, retail, events, car washes, golf courses, outdoor entertainment.
4. Freeze / Cold Temperature
Pays when temperatures drop below a threshold for a defined duration. Best for: agriculture, outdoor plumbing-dependent businesses, hospitality in cold markets.
5. Drought / Precipitation Deficit
Pays when cumulative rainfall falls below a seasonal average threshold. Best for: agriculture, water parks, golf courses, summer tourism.
6. Heat Index
Pays when daily high temperatures exceed a threshold for consecutive days. Best for: outdoor recreation, summer tourism, agriculture, construction.
Carrier market:
ParaSure aggregates capacity from A-rated parametric MGA partners and specialty reinsurers. Products are available on admitted and non-admitted paper depending on jurisdiction. Contact hello@parasure.xyz for current market appetite by state and peril.
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