Our Model
DROUGHT INSURANCE
TYPHOON INSURANCE
HOW SATELLITE BASED DROUGHT INSURANCE WORKS
GET A QUOTE
Your premium is based on the size of your farm, the value of what you grow, the risk of drought in your area and the duration of your cover.
PAY YOUR PREMIUM
The insurer will issue you a quote and provide you with payment options. Once payment is made the policy contract will be sent to you electronically, or by post if you choose. It will state the agreed threshold triggers that will result automatic claims payouts.
LOW RAINFALL AUTOMATICALLY TRIGGERS CLAIMS
Our technology continually scans satellite-based rainfall data from the CHIRPS Weather Dataset. If the cumulative rain in the location you have selected is below the predetermined threshold, then a claim will be automatically triggered.
GET PAID IN WITHIN 30 DAYS
If a claim is triggered, a payment will be made to you typically within 30 days. No need to make a claim, the automated system does it for you.
HOW SATELLITE BASED TYPHOON INSURANCE WORKS
GET A QUOTE
Your premium is based on: 1. how much cover you want; 2. the risk of typhoons impacting your location; and 3. if you choose Gold, Silver or Bronze cover.
PAY YOUR PREMIUM
The insurer will issue you a quote and provide you with payment options. Once payment is made the policy contract will be sent to you electronically, or by post if you choose. It will state the agreed typhoon triggers, such as storm category and distance to your registered asset location, that will result automatic claims payouts.
DATA AUTOMATICALLY TRIGGERS CLAIMS
Our technology continually scans satellite-based weather data from the UCAR Weather Dataset. If a typhoon comes within 100, 50 or 25 km from the asset location you registered, then a claim is automatically triggered. The payout amount depends on the distance and the package you buy.
GET PAID IN WITHIN 10 DAYS
If a claim is triggered, a payment will be made to you within 10 days after you submit your claim documents.
