Across Australia, hailstorms are among the most damaging natural catastrophe (NatCat) events, threatening assets from agricultural equipment to car dealerships and renewable energy installations. In the first half of 2025, total insured losses from hailstorms and other extreme weather events in Australia exceeded A$1.8 billion, making hail one of the top causes of business interruption insurance claims in the region.
Descartes’ parametric hail insurance provides a cost-efficient, data-driven, and transparent alternative to traditional hail insurance and commercial general liability insurance. Using advanced sensor technology, the product measures the kinetic energy and diameter of each hailstone in real time, triggering automatic payouts when thresholds are reached, helping businesses recover faster, reduce coverage gaps, and boost resilience against extreme weather insurance risks.
How it Works
- Sensor Installation: A hail sensor is placed on-site at the insured location. It measures hail impacts, size, and energy using precision technology.
- Event Detection: When a hailstorm occurs, each hailstone impact is recorded and analyzed automatically.
- Trigger Activation: Once the pre-agreed threshold (e.g., hailstone diameter) is reached, the policy is triggered.
- Swift Payout: Upon verification, a rapid payout is issued within days—no site visit or loss adjustment required.
Why Choose Descartes’ Parametric Hail Insurance?
- Sensor-Based Precision
Our on-site hail sensors detect individual hailstone impacts and calculate size based on kinetic energy, ensuring precise and transparent risk assessment. - Fast & Reliable Payouts
Unlike conventional insurance, Descartes’ parametric insurance guarantees a payout within days, allowing companies to repair damages and resume operations swiftly. - Flexible Coverage & Scalability
Adaptable for single or multi-site locations, our product supports industries from automotive retail to solar panel insurance, construction insurance, and crop yield insurance—covering repairs, replacements, lost revenue, and business interruption. - Financial Efficiency
Combining structured insurance solutions and climate risk insurance principles, this coverage can complement traditional or captive insurance portfolios, lowering total premium costs while ensuring stronger protection.
Want to Learn More?
Download our product sheet (PDF) to:
- Learn more about our sensor-based hail solution, relevant industries, quote requirements, and more.
- View an example payout structure.
- Discover details about the product in our Frequently Asked Questions section.
Interested in a solution?
Contact our commercial team.
