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Praedictus and Speedwell Partner to Bring Praedictus Croplock to Parametric Market
CHARLESTON, S.C., Feb. 18, 2021 (GLOBE NEWSWIRE) Praedictus Climate Solutions is partnering with The Speedwell Group to bring a new product, Praedictus Croplock, to the parametric risk transfer market.
Croplock offers an index-based solution for managing crop yield risk. Using proprietary crop yield modelling, Praedictus has developed indices designed for use in parametric products. Each index represents an ongoing prediction of crop yield for a given commodity over a given region.
The historical data for structuring and pricing for Croplock indices will now be available through Speedwell Weather as part of the Speedwell SuperPack