AXA Climate

Parametric protection against climate risks

80

of economic sectors are frequently impacted by weather anomalies[1]

520

average annual cost of natural hazards to the global economy[2]

162

insurance gap of businesses and governments without insurance to recover from natural disasters[3]

90

of economic losses due to natural disasters in developing countries are not covered by insurance[4]

We fill in protection gaps against climate risks with parametric insurance

AXA Climate offers a fast, adjustable and transparent way to manage the climate risks they pose to businesses and public sector institutions.

It’s called parametric insurance.

1

We structure your coverage with a relevant index and selecting pre-defined thresholds and payout amounts

2

We monitor the climate index and if it is above or below the pre-defined threshold…

3

… You receive a payout within a few days.

1

We structure your coverage with a relevant index and selecting pre-defined thresholds and payout amounts

2

We monitor the climate index and if it is above or below the pre-defined threshold…

3

… You receive a payout within a few days.

When frost damages your crops, when you can’t move goods by barge because the water level is too low, when there is insufficient wind to power your windfarm…

We’ve got you covered

Fast
Payout is triggered quickly and automatically when the threshold is reached – reducing stress and delay.

Parametric insurance doesn’t require lengthy and complex loss adjustment.
It’s fast.

Transparent
The climate-related indices we use are objective and transparent, measured by independent agencies such as national weather services and government bodies.

The trigger and payout amount are predefined at the beginning of the policy.
It’s transparent.

Adjustable
By carefully adjusting your coverage to your specific needs, AXA Climate complements traditional coverage to ensure your business keeps running smoothly whatever happens.
It’s adjustable.

The sectors and products we cover

Food

  • FROST Protection
    DROUGHT Protection
    YIELD Protection
    AQUACULTURE Protection

    and more

Natural Catastrophes

  • CYCLONE Protection
    WILDFIRE Protection
    WINTER STORM Protection
    HAIL Protection

    and more

Energy

  • MILD WINTER Protection
    HARSH WINTER Protection
    LACK OF WIND Protection
    LACK OF SOLAR RADIATION Protection

    and more

Transport

  • WATER-LEVEL Protection
    EXCESS RAINFALL Protection
    CYCLONE Protection
    HAIL Protection

    and more

Construction

  • STRONG WIND Protection
    EXCESS RAINFALL Protection
    WATER-LEVEL Protection
    STORM Protection

    and more

Telecommunications

  • T&D Protection
    CYCLONE Protection
    WILDFIRE Protection
    HAIL Protection

    and more

Utilities

  • EXCESS RAINFALL Protection

    and more

Any other needs?  Contact us

Public Sector

AXA Climate empowers governments and sub-sovereign bodies to protect vulnerable populations and critical sectors from natural catastrophes and weather risks.

We are involved with the largest agriculture and natural catastrophe insurance Public-Private Partnerships in the world, e.g. in the Pacific Islands, protecting the population against cyclones, or in India protecting more than 55 million farmers against drought and other agriculture risks.

We underwrite parametric insurance, providing capacities from €500k up to €80m per deal

Data-driven insurance for the challenges of today

AXA Climate is driven by advanced, sophisticated risk models built by our team of science experts and underwriters using state-of-the-art technology.

We use data from weather records, aerial imagery, real time climate modelling and more to build the most relevant index to protect you against weather events and natural catastrophes and match our cover to your protection need.

The company

We protect communities and businesses in more than 40 countries

Learn more