Frost insurance
Spring frost represents a financial risk for fruit and wine growers since orchards and vineyards are particularly sensitive to freezing temperatures during the growing season.
AXA Climate’s parametric coverage is structured using the minimum daily temperature index. We monitor the index using data from a reference weather station close to the insured location.
A linear payout structure allows the client to have a payout that is incrementally larger as the drop in temperature increases. No loss adjusters are required to asses the loss, ensuring a rapid payout.

How does it work?

1
We structure your coverage with a Minimum Daily Temperature Index and predefine the parameters to apply to the coverage
2
We monitor the minimum daily temperature and as soon as it falls below the predefined threshold…
3
You receive a payout within a few days after the end of the risk period
When to contact us?
Contact us up until one month before the start of the risk period

Data we will need from you:
- GPS location
- Crop value to insure
Example
Parametric cover for a Bordeaux wine grower
CLIENT NEED
A wine grower in Bordeaux is looking for an insurance solution to protect its vineyard against spring frost that may damage its vines.
Pain point: lack of capacity in the traditional insurance market for high-value crops as well as a high level of deductibles.
OUR SOLUTION
FROST protection parametric coverage is structured using the data from a reference weather station close to the insured location.
The parametric cover pays out as soon as the minimum daily temperature drops below the predefined threshold, no deductible is applied.
REAL WORLD EXAMPLE
In the end of April 2017, France was hit by a cold snap that brought a series of overnight frosts.
The temperature fell to -0.9°C and the payout of 30% of the sum insured was transferred to the client at the end of the risk period.


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PARAMETRIC SOLUTIONS FOR THE AGRICULTURAL SECTOR
WEBINAR
Climate risks such as drought, frost, hail as well as diseases could heavily impact the crop production and result in financial losses to farming businesses and even disrupt the entire agricultural value chain. How can parametric insurance help mitigate the financial consequences of such risks?
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