How it works
Clear coverage for measurable weather events
Parametrix provides fixed-period weather-risk coverage where payouts are based on objective weather thresholds, not manual claim review.
Choose policy terms
Select location, coverage type, event level, and coverage duration.
Pay the premium
The premium and coverage payout are fixed by the selected event level before purchase.
Weather is checked daily
Settlement checks compare official Open-Meteo weather data against the stored threshold.
Trigger is recorded
If the threshold is met, the policy moves into payout available status.
Policyholder claims payout
The eligible policyholder can claim the payout once the policy is triggered.
Rainfall Index Policy
Protects policyholders when measured rainfall crosses severe, extreme, or critical trigger thresholds during the coverage period.
Temperature Index Policy
Protects policyholders when measured temperature conditions meet the selected threshold level during the coverage period.
Event levels
Pay 1 GEN → Coverage Payout 3 GEN
Pay 2 GEN → Coverage Payout 6 GEN
Pay 3 GEN → Coverage Payout 10 GEN
Settlement updates
Daily automated settlement uses active coverage data to review each covered day.
Parametrix checks Open-Meteo weather data during settlement and compares each value with the selected threshold terms.