Low/High River Level Volatility
Descartes is expanding its capabilities to another major emerging risk : cyber attacks
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In the second half of 2018, exceptionally severe drought and the associated low water levels led to a 25.1% decrease in the amount of goods transported on the Austrian section of the Danube, a shortfall of approximately 2.4 million tons.
From low water level to construction project delays, climate risks cause business interruption in all industries. As brokers report further restrictions by traditional markets on terms and conditions, non-damage business interruption covers are among the most impacted. Descartes’ parametric solutions provide tailor-made protection for climate- and emerging risks where traditional approaches fall short.
Discover how we protect against climate exposures in other industries
Parametric pre-requisites
In order to build a parametric 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
- Historical losses
Depending on the risk to be insured, additional information may be required.
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