Parametric Insurance Agriculture Qorus-NTT DATA Innovation in Insurance Awards 2025

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Zurich Insurance

Zurich is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.

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21/02/2025 Insurance Innovation

We have developed various innovative parametric insurance products for the agriculture sector. Customers can monitor via app their policies parameters and triggers and receive the reimbursements automatically.

Innovation details

Country
ItalyCategory
Product & Service InnovationKeyword
Parametric Insurance, Agricultural banking and insuranceBusiness Line
Income protection, AssistanceDistribution Channel
Online / Direct, Brokers, Agents, Partners

Innovation presentation

Combining unique agronomic models with our pricing capabilities we have developed 4 innovative products that: - Cover the customers for the extra irrigation costs - following lower than expected precipitations - Cover the customers for the extra treatment costs - following higher than expected infections pressure indexes - Cover the customers for transplantation costs - in case of frost - Cover the customers for the loss of production - in case of drought

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