Parametric crop-yield risk transfer product launched by Praedictus & Speedwell

Parametric crop-yield risk transfer product launched by Praedictus & Speedwell

A brand-new parametric crop-yield risk transfer solution has been released by Praedictus Climate Solutions in partnership with The Speedwell Group.Praedictus Croplock uses an index-based option for managing crop yield danger, with parametric triggers created to match the forecasted output for crops.
The service uses proprietary crop yield modelling strategies and Praedictus has actually constructed indices specifically created for usage in parametric danger transfer items.
Each index represents a continuous forecast of crop yield for a given product over a given region, allowing threat transfer purchasers to acquire hedging or insurance coverage protection to minimize prospective disadvantage.
The historic data used for structuring and pricing threat transfer against the Croplock indices will now be offered through Speedwell Weather as part of the Speedwell SuperPack ®.
In addition, settlement data for carried out threat transfer deals will be provided by Speedwell Settlement Services Ltd.
” Agriculture markets need much better, more extensively offered, and more flexible tools to handle crop production danger. The science of how crops grow offers a solid, however so far largely underutilized, basis to accomplish this. Praedictus has caught the very best of this science in a scalable and flexible modelling platform and is thrilled to have the ability to provide these capabilities for a wide variety of agricultural markets around the globe,” discussed Josh Perlman, CEO of Praedictus Climate Solutions.
Speedwell brings years of experience in this market as well as a suite of items created to assist in the usage of these indices as hedging tools. As with all indices offered by Speedwell Settlement Services, we will be offering the full range of services including Settlement Specification, Settlement Data, as well as Settlement Certificates.”

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!