Dear Visitor, this website uses permanent cookies to ensure data privacy as well as to provide access to special content and technical functionalities. With your consent, we may also use cookies for website analysis. For details and how to give or revoke your consent, read our Data Privacy Statement.

  • EN
Top navigation or filters may restrict results of your search. To see all possible results click here.
Shutterstock 212799520
verified Solution

A turn-key solution for parametric insurance

Released October 03, 2019
Get in contact now!

CelsiusPro is specialized in fully digitalized processes using modular platform technology. The systematic but flexible approach covers globally tropical cyclone, earthquake, yield and weather products and allows to roll out parametric Nat Cat, Climate and Agriculture insurance schemes to insurers with low additional effort and short implementation time.

Verified partner

Contacts

Photo of Sebastian Glink
Sebastian Glink
CelsiusPro AG
Director Business Development & Technology
Switzerland
Photo of Leif Heimfarth
Leif Heimfarth
Hannover Re
Solution expert
Photo of Lukas Herrmann
Lukas Herrmann
Hannover Re
Solution expert

CelsiusPro brings together all stakeholders such as Insurer, Broker and Risk Taker for an effective set-up to introduce and manage index-based but also traditional insurance schemes. We are specialists in fully digitalized processes using modular platform technology.

The systematic but flexible approach covers globally tropical cyclone, earthquake, yield and weather products and allows to roll out parametric Nat Cat, Climate and Agriculture insurance schemes to insurers with low additional effort and short implementation time. 


Modular Approach:

Based on our market experience over the last decade the following modules lead to a successful insurance scheme:

  • Mobile Front-End
Providing a tool for price requests and the sale of policies by agents, brokers and other distributors.

  • Policy Administration

Providing the backbone functions such as policy issuing, invoicing and reporting.

  • Claims Settlement

Providing settlement agent functions, automated payout calculations and a loss adjuster portal for traditional claims based products.

  • Education Module

To leverage on educational material, sales material, success stories, product description and knowledge base. 


Interfaces

The modular software caters for flexible solutions for the different fronting and distribution set-ups globally.

Providing interfaces from and to legacy systems of insurers, distributors and the reinsurer is a key element of a modular approach. It allows insurers and distributors to use parts of their core systems and incorporate new useful elements as they fit best without losing access to data relevant for risk and financial reporting.


Benefits for all stakeholders:

Policy Holder:

  • Clear policy terms, relief payment 24 hours after a Hurricane triggers
  • No deductible, flexible premium level down to microinsurance

Broker:

  • Easy distribution with sales front-end for mobile, tablet and desktop
  • Maximize operational efficiency and effectiveness via seamless front-to-back solution

Insurer:

  • Turnkey solution including risk transfer for fast market entry
  • Brand recognition as solution provider for innovative products that reduce disaster risk

Reinsurer:

  • Risk diversification and centralized product pricing accessing multiple markets
  • Fast and easy product design and risk calculation

Government:

  • Quick payouts to policy holders are an instant relieve and premiums an opportunity for subsidies
  • In line with UN Sustainable Development Goal 11: Sustainable cities and communities 

Responsible for this content

CelsiusPro AG
Switzerland

Imprint

CelsiusPro

Seebahnstrasse 85

CH-8003 Zurich

+41 44 205 99 10

info@celsiuspro.com

Views: 278

Downloads: 4

Ratings by number of stars:
0 %
0 %
0 %
0 %
0 %

Page is favored by 0 user.

Contact inquiries: 0

Interested? Like to know more?

Get in contact now!



Disclaimer

External vendor partners can provide content on hr | equarium. Hannover Rück SE does not verify these contents. Hannover Rück SE is also not responsible and not liable for the contents and services offered. For more information please see the terms of use.

Report site