At AssetRush Zurich, a forum uniting qualified and institutional investors with today’s financial pioneers, our CEO Mark Rueegg spoke about global solutions for global challenges.

In 2023 alone, climate-related events and natural disasters caused nearly USD300 billion in economic losses. Traditional indemnity insurance struggles to offer adequate and affordable protection against the financial impact of climate change.

To address this protection gap, we source and analyse close to 200 million data points daily to create parametric insurance products. Unlike traditional insurance, parametric solutions guarantee quick payouts with no proof of loss, helping businesses and communities recover quickly and build a more resilient future.

Prior to the event, in a conversation with AssetRush, Mark explained how CelsiusPro leverages cutting-edge data science with feeds from NASA and the European Space Agency to structure.

Mark went on to ellaborate how, in the event of natural disasters such as hurricanes or heavy rainfall, the payouts from parametric insurance are made automatically on the basis of satellite data, without the need for lengthy loss assessments.

Parametric insurance provides prompt financial relief and goes beyond the boundaries of traditional insurance, allowing insurers to offer their clients tailored, transparent, and pre-defined protection against the financial impact of climate risk.