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Descartes is expanding its capabilities to another major emerging risk : cyber attacks
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$600M+
Agricultural losses incurred in Texas during the February 2021 extreme winter storm topped more than $600M -
with extensive impacts in the citrus, livestock, and horticulture industries. Freezing temperatures, drought, excess precipitation, and more – the agriculture and forestry sectors’ exposure to climate risks carries acute implications for harvests and operations. Descartes parametric insurance provides a straight-forward financial hedge against these exposures, filling gaps where traditional products and programs fall short.
Discover our agriculture insurance products
Parametric pre-requisites
In order to build a parametric agriculture or forestry cover customized to clients’ needs, our team requires the following information from the client:
- Peril(s) to be covered
- GPS coordinates or location shapefile(s)
- Limit / Sum insured
- Risk period / Insured Period
- Historical losses
- Type of crop
Depending on the type of crop or risk to be insured, additional information may be required.
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