With Growth of Renewables, Increased Demand for Weather Insurance

For the fifth consecutive year, investment in new renewable power capacity was roughly double the investment in fossil fuel generating capacity, reaching USD 249.8 billion in 2016. The world now adds more renewable power capacity annually than it adds in net new capacity from all fossil fuels combined. However, wind and solar energy producers and distributors face unique challenges in both volumetric and price risks. The remarkable progress being made in renewables requires innovative risk mitigation solutions in order to ensure that the pace of investments in wind and solar continues. Continue Reading

100% of Spanish olive farmers covered for unseasonal weather received payouts following extreme temperatures

Spain’s agricultural cooperative, Asaja-Jaén, today announced that 100% of the cooperative’s membership who subscribed to parametric insurance to reduce the financial consequences of extreme temperatures on their olive fields this spring have already received compensation as a result of their coverage through Meteo Protect, following the warmest spring in the region since the beginning of the 21st century. Continue Reading

Meteo Protect Nominated for the European Fintech Awards 2017

Meteo Protect, an SAP® Startup Focus member, and Europe’s leading provider of weather risk insurance, has been nominated by stakeholders, users and experts as a leading “Insur Tech” for the European Fintech Awards 2017.  Winners will be determined by a combined public vote and expert assessment, with awards being given at the European Fintech Awards and Conference in Brussels on 27 September.  The European Fintech Awards 2017 celebrates “innovators that shape the future”.


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Spain’s Olive Growers’ Association Launches Meteo Protect’s Weather Insurance Platform

The largest professional agricultural association in Spain, the Agricultural Association of Young Farmers (ASAJA JAEN), has launched Meteo Protect’s dedicated weather insurance platform in order to provide its 22,000 affiliates access to Meteo Protect’s fully customized index-based weather insurance and increase their resiliency against climate-related risks.

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