CelsiusPro and GEM partnership aims to expand earthquake and climate risk financing options through parametric insurance
CelsiusPro, a pioneering parametric insurance solutions provider in climate and NatCat risk protection, has established a partnership with the Global Earthquake Model (GEM) Foundation, an international public-private organisation that is improving the state of practice of earthquake hazard and risk assessment through the development of open global databases and models, the OpenQuake software, and stakeholder capacity for risk assessment globally.
The partnership aims to help communities worldwide mitigate the economic impacts of earthquakes by leveraging the state-of-the-art technology behind CelsiusPro’s end-to-end system for digital parametric insurance solutions, and GEM’s advanced earthquake models and data and commitment to an open, transparent, and collaborative approach at the global, regional, national and local levels.