Parametric Insurance Solutions
Parametric Insurance Solutions
When disaster strikes, traditional insurance can be slow, complex, and uncertain. Angelic Insurance’s Parametric Insurance Solutions provide a smarter, faster way to respond—delivering pre-agreed payouts based on measurable data, not claim assessments.
Parametric insurance pays when a defined trigger event occurs (e.g. cyclone wind speed, rainfall, river height, or seismic magnitude)—no need for loss adjustment, photos, or delays. Whether you’re in agriculture, construction, mining, hospitality, or remote-area infrastructure, we offer custom-designed policies that protect against the uninsurable gaps left by conventional cover.
How It Works
Here’s how Angelic Insurance delivers custom parametric solutions:
Trigger Design
We work with you to define measurable, transparent, and verifiable triggers for your business risk (weather, seismic, yield, market).
Policy Structuring
Based on historical data, risk appetite, and coverage goals—we define your payout amounts, limits, and regions.
Data Sourcing & Monitoring
We partner with trusted data sources—BOM, NASA, WMO, and satellite services—to monitor your triggers in real time.
Payout Activation
When a trigger is hit, Angelic automatically verifies the data and initiates payment—often within 10–30 business days.
Why You Need It?
With parametric insurance, you get:
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Speed (automated triggers = faster payouts)
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Simplicity (one-page policy = no loopholes)
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Certainty (you know the trigger, the payout, and the timeline)
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Flexibility (cover based on need, not past claims)
Angelic Insurance helps you de-risk your business with data, not hope.
Traditional insurance has limitations:
Long claim assessments
Complex policy wording and exclusions
Delayed payouts when you need liquidity fast
Lack of coverage for certain climate or disaster triggers
How Angelic Insurance Can Help?
Parametric insurance is data-driven, fast, and objective—perfect for businesses needing rapid liquidity during disruption. Here’s how Angelic Insurance leads the way:
Customised triggers for weather, seismic, flood, or energy metrics
No loss adjustment process required
No disputes over cause or damage scope
Ideal for high-frequency or high-severity events
Payouts in days, not months
Perfect for climate-sensitive sectors like farming, energy, logistics, tourism, and more From heatwave-impacted crops to wind-damaged logistics hubs, Angelic Insurance provides predictability in an unpredictable world.
Challenges Businesses Face Without Parametric Insurance Solutions
Delayed Claims Settlements – Get paid quickly after a defined trigger, without inspections.
Uninsurable Locations – Flood- or cyclone-prone areas often excluded by traditional insurers.
Revenue Loss from Weather – Protect against weather-linked cancellations or shutdowns.
Operational Risk in Remote Areas – Rapid recovery funding where site access or adjuster presence is delayed.
Lender or Investor Confidence – Pre-agreed risk transfer model supports project finance or ESG risk frameworks.
Case Studies: How Parametric Insurance Solutions Helped Real Businesses
Parametric Drought Cover for Agribusiness
A wheat producer in Western NSW suffered consecutive dry seasons, with rainfall well below historic averages. Angelic Insurance provided: Rainfall-based parametric trigger policy $400,000 payout issued within 21 days of trigger hit Enabled replanting and supplier payments without borrowing 📝 Result: Business stayed operational through multi-year climate shock.
Solar Farm Underperformance Cover
A solar energy operator in regional QLD faced revenue drops during a cloudy season, affecting investor returns. Angelic Insurance: Created irradiance-linked cover based on historical BOM data Triggered payout when sunlight fell below 65% average for 30 days Issued $180,000 payout for contractual shortfall buffer 📝 Result: Investor confidence maintained, no need to dip into capital reserves
Frequently Asked Questions
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