IDA integrates into one web platform climate modeling, ground-based and remotely sensed measures of weather variables to provide high-level software capabilities for customized climate risk assessment globally, including climate index computation, visualization, and reporting.
With IDA we radically change the use of climate data and climate information in the climate risk management industry, since References/Customers will be able to perform tailored analysis for the index-based insurance industry, automatically getting maps and reports, effectively calculating premiums.
Compared to existing solutions IDA is more performing and scalable, easier to use, cloud-based, cheaper and it offers over time continuity for monitoring indices, thus ensuring economic benefits to References/Customers.IDA allows References/Customers to enter a huge variety of data that could be customized according to users’ needs.
A crucial problem affecting insurance and reinsurance companies in climate index-based risk transfer schemes is the lack of a trusted, transparent, independent and affordable way to design, compute and monitor the underpinning climate indices .
AMIGO - as an innovative SME providing climate solutions to international organizations, insurers and reinsurers, for the management of climate-related risk in the agricultural sector - has developed a new generation of methods and tools for climate risk management.
Insurance Companies, international organizations