Weather Risk
SecureTM
Weather Risk Management Application for Insurance Business
Weather Risk Management Services Ltd.
www.weather-risk.com
Weather Risk
Key Features
• Secure Machine independent web-based tool allows flexibility of use
• Comprehensive Termsheet options allow complete migration from error-prone Excel based workings
• Large database of cleaned and enhanced weather and satellite data from various sources
• Provide Portfolio Analytics and Monitoring Tools
Weather Risk
Application Architecture
Pricing Engine
Portfolio Builder
Claims Manager
Weather Risk
Historical Data Manager
• Secure upload and access of all the weather data in database
• Tools for identifying errors in the data
• Options to compare data with nearby locations
• Tools for data cleaning and gap filling
Weather Risk
HDM Snapshots
Weather Risk
Product Development Application
• Includes both Weather & Crop Insurance Products
• Can make diverse termsheets in single module
• Accommodates large variety of termsheets required for Indian Market – Almost 95% of termsheet can be made on the App
• Upto 50 locations can be priced in Single Termsheet
• Allows de-trending and VAR Distribution fitting – Normal, Lognormal and Gamma Distribution included
– Goodness of fit details are provided
• Lets user change the return on capital rate for pricing
Weather Risk
PDA Snapshots
Weather Risk
Portfolio Builder
• Can build one or more portfolio with different weights or sales scenarios
• Portfolio gets automatically updated for any change in individual termsheets
• Allows additions and deletions in the Portfolio
• Displays Basic Portfolio Statistics
• Allows VAR Distribution fitting & de-trending on the Portfolio payoffs
Weather Risk
Claims Manager
• Claims monitoring for both Weather and Crop Insurance
• GIS mapping of claims
• Comparison with claims in adjacent weather stations
• Real-time monitoring possible if data is updated
• Claim sheets can be extracted in Excel for govt submission
Weather Risk
CMA Snapshots
Weather Risk
Product Options • Web based Modules – WRL’s cleaned weather & yield data is used
– WeatherSecure WebLite • State specific login • Usage Fees based on State chosen • Portfolio Builder not Available
– WeatherSecure Web • Complete access to all online modules
– WeatherSecure Web+ • Complete access to all online modules • Product Development and Portfolio Risk Management by WRL Team
• Desktop based Modules – Client is responsible for arranging data – WeatherSecure Desk
• Installation on Client Server / PC • No access to WRL’s weather database • MNAIS pricing not included
– WeatherSecure Desk+ • Includes MNAIS pricing
Weather Risk
Commercials • WeatherSecure WebLite
– For Rajasthan, Bihar, MP, Gujarat, Chattisgarh, Maharashtra, Andhra, UP, Odisha – Rs. 6 Lakhs per state per annum
– For Karnataka, Kerala, Jharkhand, Tamilnadu – Rs. 4 Lakhs per state per annum
– For all other states – Rs. 2.5 Lakhs per state per annum
• WeatherSecure Web – Rs. 50 Lakhs per annum
• WeatherSecure Web+ – 2.5% of Gross Written Premium subject to minimum of Rs. 5 Lakhs per annum
• WeatherSecure Desk – One time fees for developing database architecture and customization of the module –
Rs. 10 lakhs
– Annual Module license fees of Rs. 25 lakhs
• WeatherSecure Desk+ – One time fees for developing database architecture and customization of the module –
Rs. 10 lakhs
– Annual Module license fees of Rs. 30 lakhs
• All fees mentioned above are exclusive of Service Tax
Weather Risk
Commercials & Demo
• For help on
– Product & Demo
– Commercials
• Pls write to [email protected]
• Or call us on +91-11-4500 9943
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