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.
It’s adjustable.
The sectors and products we cover
Food
- Frost Protection
Drought Protection
Yield Protection
Aquaculture Protection
Hail Protection
Cyclone Protection
Wildfire Protection
…
Natural Catastrophes
- Cyclone Protection
Wildfire Protection
Hail Protection
Rain Protection
…
Energy
Rain Protection
Wind Protection
Solar Protection
Temperature Protection
T&D Protection
Cyclone Protection
Wildfire Protection
Hail Protection
…
Transport
Water-level Protection
Rain Protection
Cyclone Protection
Wildfire Protection
Hail Protection
…
Construction
Temperature Protection
Rain Protection
Water-level Protection
Cyclone Protection
Wildfire Protection
Hail Protection
…
Telecommunications
T&D Protection
Cyclone Protection
Wildfire Protection
Hail Protection
…
Utilities
Rain Protection
Cyclone Protection
Wildfire Protection
Hail Protection
…
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.