Index-based insurance, whilst already a well-known mechanism, has been slow to emerge as an established risk transfer option by risk carriers and customers.  This is starting to change and index insurance is now accelerating to complement traditional programmes, in markets where cover gaps or exclusions exist, or conditions are tightening.

With Skyline aims at facilitating and spreading the use of index insurance, as an efficient and transparent means of risk transfer with fast and guaranteed access to cash at the occurrence of adverse events.

New upgrades will soon be released, to accompany existing Skyline index solutions for renewable wind energy, agriculture and natural catastrophes. In addition, Skyline has also developed a beta version of index insurance technology for distributors and risk carriers that integrates the same visualisation capabilities, but also index risk modelling, large scale pricing and payout trigger notifications.

By combining Skyline’s index modelling capabilities with Gisaïa’s big data geospatial expertise, the partnership will create a powerful and unprecedented proposition for the insurance industry. It will bring significant value to customers, brokers and carriers to help them comprehend, manage and transfer risks, in line with their specific needs.