Sample definitions for demonstration only. The values below are constructed for the purpose of showing how each component of the framework is specified. They do not represent any live product and should not be used for pricing, hedging, or settlement.
Hurricane Wind Speed Index
A "cat-in-a-box" index that fires when a tropical cyclone's measured peak wind speed within a defined geographic box reaches or exceeds the attachment threshold during the season.
- Trigger
- 1-minute sustained wind speed at storm center
- Data source
- National hurricane agency best-track record (illustrative)
- Period
- Atlantic hurricane season, June 1 – November 30
- Geographic scope
- Cat-in-a-box: 26–30 °N, 80–84 °W
- Threshold
- Attachment 96 mph · Exhaustion 156 mph
- Payout curve
- Linear between attachment and exhaustion, capped at limit
- Sample payout
- Wind speed of 130 mph → ~57% of limit
Rainfall Deficit Index
An index that pays when cumulative seasonal rainfall over a defined area falls below a long-run reference. Common structure for agricultural and water-utility covers.
- Trigger
- Cumulative precipitation, expressed as a percentage of the 30-year mean
- Data source
- Gridded satellite precipitation product (e.g., 0.1° daily)
- Period
- Defined growing season (e.g., May 1 – August 31)
- Geographic scope
- Administrative polygon, area-weighted mean
- Threshold
- Attachment at 80% of mean · Exhaustion at 50% of mean
- Payout curve
- Linear inverse: payout rises as rainfall ratio falls
- Sample payout
- Rainfall at 65% of mean → 50% of limit
Wildfire Severity Index
An index built on detected fire activity within a defined region, combining burned-area extent with a severity component.
- Trigger
- Cumulative burned area within scope, in hectares
- Data source
- Satellite active-fire and burned-area product
- Period
- Fire season (e.g., May 1 – October 31)
- Geographic scope
- Named county or watershed polygon
- Threshold
- Attachment 5,000 ha · Exhaustion 50,000 ha
- Payout curve
- Step: 4 tiers (25% / 50% / 75% / 100% of limit)
- Sample payout
- Burned area of 22,000 ha → 50% of limit (tier 2)
Heat Stress Index
A climate-risk index that counts days exceeding a wet-bulb globe temperature threshold within a region, applicable to outdoor workforce, livestock, and energy-demand exposures.
- Trigger
- Number of days with daily-max WBGT ≥ 32 °C
- Data source
- Reference station network or reanalysis grid
- Period
- June 1 – August 31
- Geographic scope
- Single named station or area-mean over polygon
- Threshold
- Attachment 10 days · Exhaustion 40 days
- Payout curve
- Linear between attachment and exhaustion
- Sample payout
- 22 days of exceedance → 40% of limit
Crop Drought Index
A composite index combining vegetation health and rainfall anomaly to approximate drought stress on field crops.
- Trigger
- Vegetation Health Index (VHI) value, 0–100 scale
- Data source
- Satellite NDVI and surface temperature composite
- Period
- Critical growth window (e.g., 60-day flowering window)
- Geographic scope
- Insured field polygon or county aggregate
- Threshold
- Attachment VHI ≤ 35 · Exhaustion VHI ≤ 15
- Payout curve
- Linear inverse, payout rises as VHI falls
- Sample payout
- VHI of 25 → 50% of limit
Energy Demand Shock Index
A degree-day index used to hedge unusual heating or cooling demand exposure for utilities, retailers, and large industrial buyers.
- Trigger
- Cumulative cooling degree days (CDD), base 65 °F
- Data source
- Reference weather station settlement product
- Period
- Summer cooling season (June – August)
- Geographic scope
- Named primary station for the load zone
- Threshold
- Attachment 1,150 CDD · Exhaustion 1,450 CDD
- Payout curve
- Linear: $X per CDD above attachment, capped at limit
- Sample payout
- 1,330 CDD → 60% of limit
Each example follows the same disclosure pattern set out on the methodology page. Use the calculator to model how a payout would scale across alternative thresholds and curves.