Meteo Protect

Parametric weather insurance technology platform for pricing, underwriting, and distribution

Specialty Solutions Established Acquired

Overview

Meteo Protect is a parametric weather insurance technology platform for carriers, brokers, and MGAs seeking to price, underwrite, and distribute parametric weather risk products. The company, based in Paris, France, provides software solutions that enable insurers and intermediaries to offer parametric coverage protecting businesses in agriculture, energy, tourism, and event sectors against weather-related losses.

The company's core platform, Vivaldi, is a real-time pricing and underwriting engine built on SAP HANA cloud infrastructure. It supports end-to-end parametric product development from index configuration and pricing through claims settlement. Meteo Protect also operates ParametricAPI, an open insurance API platform offering more than 300 pre-configured parametric and index insurance products covering weather risks such as frost, drought, excess rain, and heat stress. The API enables businesses to integrate parametric weather coverage directly into their own digital platforms.

Meteo Protect operates in more than 9 countries across Western Europe. Founded in 2003, the company was acquired by Cooper Gay France in April 2020 and now functions as the Parametric Solutions division of the Cooper Gay Group, a pan-European insurance and reinsurance brokerage and Lloyd's coverholder. Annual revenue is estimated at approximately USD 32 million.

Products & Services

Vivaldi Underwriting Platform

A real-time pricing and underwriting engine for parametric weather insurance products, built on SAP HANA cloud technology.

Key Features

Real-time pricing and risk scoring for parametric weather indices
Automated claims management based on index triggers
Parametric product development and configuration tools
Full process digitalization from pricing to claims settlement

Target Users: Carriers, MGAs, and reinsurers developing parametric weather insurance products

ParametricAPI

An open insurance API platform providing programmatic access to pre-configured parametric and index insurance products.

Key Features

300+ pre-configured parametric and index insurance products
Weather indices including frost, heat, drought, excess rain, and water stress
Embedded integration support for airlines, travel companies, and other businesses
Minimized setup and transaction costs through full process automation

Target Users: Insurers, digital distributors, and enterprises seeking to embed parametric weather coverage

At a Glance

Founded: 2003
Headquarters: Paris, France
Employees: 51-200
Funding: Acquired

Category & Focus

Category: Specialty Solutions
Subcategories: Parametric Insurance Underwriting Technology Insurance API Platform
Insurance Verticals: P&C Commercial Specialty/E&S Reinsurance
Target Customers: Carriers, Brokers, MGAs/MGUs