Notes from the Riskwright underwriting team on trigger design, weather data quality, basis risk management, and the market for parametric coverage in agriculture and infrastructure.
Municipal utilities, highway contractors, and renewable energy developers carry billions in weather-driven revenue disruption that commercial property insurance doesn't cover. James Calloway on why the gap exists and what a parametric wrap does to close it.
Why settlement timing matters as much as payout size — and how a 72-hour wire changes the credit math for agricultural operations with thin working capital cushions.
MPCI, APH, and crop revenue coverage against parametric drought triggers — when traditional wins, when parametric wins, and when layering both makes sense.
NOAA ASOS, PRISM climate grids, USGS stream gauges — the federal networks that feed trigger design, how data quality is assessed, and the backup station protocol.
Geographic, temporal, and product basis risk — the three types, what multi-index and hybrid structures do to manage them, and what we disclose before you bind.
Parametric insurance pays on an objective weather index, not a documented loss. How it differs from MPCI and indemnity coverage, and why 72-hour payouts change the operational math.