CelsiusPro, a pioneering parametric insurance options supplier in local weather and NatCat risk safety, has established a partnership with the Global Earthquake Model (GEM) Foundation, a world public-private organisation that’s bettering the state of observe of earthquake hazard and risk evaluation via the event of open world databases and fashions, the OpenQuake software program, and stakeholder capability for risk evaluation globally.
The partnership aims to assist communities worldwide mitigate the financial impacts of earthquakes by leveraging the state-of-the-art expertise behind CelsiusPro’s end-to-end system for digital parametric insurance options, and GEM’s superior earthquake fashions and knowledge and dedication to an open, clear, and collaborative strategy on the world, regional, nationwide and native ranges.
“Our organizations are bound by a shared vision for a safe and disaster-resilient world. For GEM, this partnership provides an excellent opportunity to apply GEM’s models and data for new risk financing opportunities that will contribute to risk reduction objectives. At the same time, we also see this as an opportunity for sharing and exchanging scientific knowledge in processing and analysing risk data and modelling approaches with CelsiusPro in the years ahead,” John Schneider, GEM Secretary General.
“Our partnership with GEM will further enhance our risk modeling capabilities for earthquakes, allowing us to better serve our clients with risk analysis and product solutions. Providing a fast and efficient payout to bridge the first weeks following natural disasters such as earthquakes, is critical for the survival and future economic prosperity of companies in the affected areas,” says Mark Rueegg, CEO of CelsiusPro.
