Wetterheld

Parametric weather insurance for businesses and travelers, with automated payouts triggered by meteorological data.

Specialty Solutions

Overview

Wetterheld is a parametric weather insurance MGA based in Hamburg that distributes products for businesses and consumers across Germany and broader European markets. The company underwrites against adverse weather events by indexing coverage to objective meteorological data from official sources, eliminating the need for traditional loss adjustment. When a policy's weather trigger threshold is met, payouts are initiated automatically within days.

Founded in 2019 by Nikolaus and Peter Haufler, the company holds insurance distribution authorization regulated by BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) and works with licensed carrier partners -- including BD24 Berlin Direkt Versicherung AG -- to provide underwriting capacity. Policies are valid for coverage amounts up to EUR 100,000 per contract.

Wetterheld distributes products through direct-to-consumer channels and via embedded insurance partnerships with established European carriers and travel companies. The company serves sectors ranging from agriculture and hospitality to logistics and travel, and has embedded its technology within the holiday insurance product of Baloise, a major European insurer.

Products & Services

Business Weather Insurance (B2B)

Parametric policies protecting weather-sensitive businesses from revenue loss due to adverse meteorological conditions. Coverage is indexed to station data (precipitation levels, temperature thresholds, snowfall) measured at the insured location. Payouts trigger automatically when defined thresholds are exceeded, with no claims filing required.

Key Features

Agriculture: vineyards, orchards, and farms
Hospitality and restaurants with outdoor seating
Construction, energy, and logistics companies
Ski resorts (insufficient snowfall)
Outdoor event organizers

Target Users: Small and medium-sized businesses in Germany whose revenues are tied to weather conditions.

Distribution: Direct and via embedded insurance partnerships

Travel Rain Insurance (B2C)

A consumer product offering a fixed daily payout when rainfall at a holiday destination exceeds a defined threshold. Compensation of up to EUR 300 per rainy vacation day is available. The product is positioned as Germany's leading online rain insurance for travelers.

Key Features

Daily payout for qualifying rainfall events
Coverage across EU vacation destinations including coastal and island resorts
No claims process required -- payouts triggered automatically

Target Users: Individual travelers seeking financial protection against rain during vacations at EU and Mediterranean destinations.

Distribution: Direct-to-consumer (wetterheld.com) and via travel distribution partner LMX Touristik

Embedded Insurance (B2B2C)

White-label parametric weather products embedded within the insurance products of carrier and travel industry partners.

Key Features

Bad weather module embedded in Baloise's holiday insurance (EU, Switzerland, Liechtenstein)
CHF 100 per insured day when precipitation exceeds defined thresholds for Baloise policyholders
Parametric products for farmers and restaurant owners via Wakam

Target Users: Insurers and travel companies seeking to add parametric weather coverage to existing products.

Distribution: Partner-driven (Baloise, Wakam, LMX Touristik)