Tropical cyclone insurance

Tropical cyclones are one of the costliest natural catastrophes causing multi-peril impacts from damaging winds to flooding.
Planning ahead to ensure predictable and timely access to much-needed liquidity is key for corporates and public sector organisations to mitigate the long-term financial impacts.

‍For cyclone risk, AXA Climate parametric insurance offers a “Cat in a circle/polygon” structure that allows multiple locations to be covered within the circle/tailor-made polygon.”
In tropical cyclone insurance, we use multiple parameters for triggering a payout namely the path of the cyclone and its wind speed.
Our parametric solutions are a complementary fit to traditional indemnity cover for tropical cyclone risk, providing coverage for deductible buydowns and non-damage related business interruption.
For each Tropical Cyclone basin, we use data provided by the Regional Specialised Meteorological Centers ensuring speed in claims settlement, simplicity and transparency.