CelsiusPro has unveiled ParameterPro 2.0, a platform that enables brokers to visualise, structure, and model parametric climate and NatCat insurance solutions with “unmatched” speed and precision.
According to the firm, this new platform’s initial release focuses on parametric hurricane and earthquake events while providing global access to comprehensive climate and NatCat datasets.
Mark Rueegg, CEO of CelsiusPro, commented, “With ParameterPro 2.0, brokers gain access to data, in-depth insights, and efficiency.
“Our platform combines leading-edge technology, climate data science, and risk modelling to help brokers deliver superior value to their clients.
“By enabling faster, clearer, and more informed decision-making, we aim to be the technology provider of choice to the parametric insurance industry.”
Some advanced features for brokers include an Intuitive Structuring Toolkit, which provides cutting-edge, tech-enabled tools to easily structure parametric and NatCat products tailored to client’s needs with just a few clicks; robust modelling capabilities that blend stochastic event sets with historical data to model historical losses and expected premiums aligned with clients’ expectations; and global climate data access, allowing brokers to download extensive datasets—including temperature, wind speed, precipitation, and more—for deeper analysis and customisation of parametric insurance products.
