Question 1

What is ParaHubˣᵐ?

Accepted Answer

ParaHubˣᵐ is a Bermuda licensed managing general agent operating globally. It designs, prices, binds, monitors and settles parametric weather insurance.

Question 2

How is parametric weather cover priced?

Accepted Answer

Satellite reanalysis data is corrected by machine learning against readings from a dense ground weather station network, so pricing reflects conditions at the insured asset rather than a regional average.

Question 3

How are payouts settled?

Accepted Answer

Settlement uses the weather station on or nearest to the insured asset. Once the agreed threshold is breached, the payout is calculated and released without claim forms or loss adjusters.

Question 4

Do partners need to install weather stations?

Accepted Answer

No. The station network is already in place, so partners carry zero station overhead.

Question 5

Which weather risks are covered?

Accepted Answer

Drought, excess rainfall, frost, heat stress, wind and storm, and hail.

Question 6

Which industries does ParaHubˣᵐ serve?

Accepted Answer

Agriculture, energy, hospitality, construction, travel and property.

Weather insurance built where the risk actually happens