Customised climate index insurance services for agriculture

Projektinformationen

AMIGOclimate

ID Finanzhilfevereinbarung: 854781

DOI

10.3030/854781

Projekt abgeschlossen

EK-Unterschriftsdatum 23 Januar 2019

Startdatum 1 Februar 2019

Enddatum 31 Juli 2019

Finanziert unter

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Gesamtkosten

€ 71 429,00

EU-Beitrag

€ 50 000,00

Koordiniert durch

AMIGO SRL
Italy

Periodic Reporting for period 1 - AMIGOclimate (Customised climate index insurance services for agriculture)

Berichtszeitraum: 2019-02-01 bis 2019-07-31

Zusammenfassung vom Kontext und den Gesamtzielen des Projekts

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.
AMIGO CLIMATE integrates into one web platform climate modelling, ground-based and remotely sensed measures of weather variables to provide high level software capabilities for customised climate risk assessment globally, including climate index computation, visualization and reporting. With AMIGO CLIMATE we change radically the use of climate data and climate information in the climate risk management industry, since customers will be able to perform tailored analysis for the index-based insurance industry, getting automatically maps and reports, effectively calculating premiums. Compared to existing solutions AMIGO CLIMATE is more performing and scalable, easier to use, cloud-based, cheaper and it offers over time continuity for monitoring indices, thus assuring economic benefits to customers. AMIGO CLIMATE allows customers to enter a huge variety of data that could be customized according to users’ needs.

Arbeit, die ab Beginn des Projekts bis zum Ende des durch den Bericht erfassten Berichtszeitraums geleistet wurde, und die wichtigsten bis dahin erzielten Ergebnisse

During the project development, following the description of action, 3 main activities has been developed, in order to finalize a business plan for the AMIGO solution.
In particular, the main activities have been focused on:
• Identification of the problem and proposed solution
• Market analysis
• Business model and financial analysis
• Meetings with potential customers

Fortschritte, die über den aktuellen Stand der Technik hinausgehen und voraussichtliche potenzielle Auswirkungen (einschließlich der bis dato erzielten sozioökonomischen Auswirkungen und weiter gefassten gesellschaftlichen Auswirkungen des Projekts)

During the project period, different commercial activities have been done, the first commercial agreement with international clients has been done and the solution has been presented in specific events.

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