Parametric Insurance Solutions

Cold snaps. Excessive rain. High temperatures.  

The impact of extreme weather on Canadian businesses is undeniable.

Whether it’s bitter cold causing construction delays or floods interrupting supply chains, adverse weather events can hit your bottom line where it hurts.

When extreme weather strikes, you need a solution that gives peace of mind.

That’s where Aviva’s Parametric solution comes in to protect your downside.

Using Aviva’s exclusive Parametric portal, a broker can quickly tailor a policy, using historical weather data and real-time satellite information to meet your needs. Let’s say you run a roofing company. Your broker may suggest a Rain Day solution, based on your circumstances.

In the event of a Rain Day incident, when there are above average rain days during a set coverage period, say 3 days, the weather threshold is triggered.

A claim is then initiated automatically, and the roofing company receives a payout, as per the policy terms, without dealing with the hassle of a claims notification with a standard policy.

Whether you’re concerned with changing heating and cooling costs, customer inconvenience, or other issues unpredictable weather can cause, Aviva’s Parametric solution can protect your business when you need it most.

Visit www.aviva.ca/gcs to learn more.