Glossary entry

English term or phrase:

pilot test weather index insurance

Spanish translation:

prueba piloto para testear seguros basados en índices meteorológicos

Added to glossary by Jose Trujillo
Jul 3, 2006 19:20
18 yrs ago
3 viewers *
English term

pilot test weather index insurance

English to Spanish Bus/Financial International Org/Dev/Coop un reporte de mercado
This is a donor-funded organisation (USAID included) that offers services such as credit history checks and other technical services to more than 30 client organisations. Is currently working with Partner Re to *pilot test weather index insurance* in Peru.

Proposed translations

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prueba piloto para testear seguros basados en índices meteorológicos

weather derivative

A financial instrument used by companies to reduce the risk associated with adverse or unexpected weather. The seller of the derivative accepts the risk by charging a premium to the buyer: if nothing happens, the seller makes a profit, but if the weather turns bad, the company claims the money. Unlike insurance, weather derivatives cover high-probability events.

Las compañías de seguros aseguran cultivos (crops) contra inclemencias climáticas: granizo, etc. y están calculando índices climáticos o meteorológicos para determinar la tasa de riesgo de estos seguros y en base a ello calcular la prima a cobrar para cada cultivo en cada zona, que dependerá del índice de porbabilidad o tasa de riesgo de sufrir una inclemencia climática en las épocas en que el cultivo se encuentra más vulnerable.
Peer comment(s):

agree perfecta
3 mins
agree Hebe Martorella
3 mins
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