llms.txt
# ParaHubˣᵐ
> ParaHubˣᵐ is a Bermuda licensed MGA operating globally in parametric weather insurance. It assesses weather risk at the level of the individual asset, using satellite reanalysis data corrected by machine learning against a dense ground weather station network, then prices, binds, monitors and settles cover automatically when agreed thresholds are breached. Partners carry zero station overhead.
## Pages
- [Home](https://parahubxm.com/): Asset-level weather risk assessment and parametric cover.
- [Solutions](https://parahubxm.com/solutions): Cover by risk and by industry.
- [Risks covered](https://parahubxm.com/perils): Drought, excess rainfall, frost, heat stress, wind and storm, hail.
- [Industries](https://parahubxm.com/industries): Agriculture, energy, hospitality, construction, travel, property.
- [Value chain](https://parahubxm.com/value-chain): Client, broker, MGA, fronting carrier, reinsurance and the station that triggers settlement.
- [Company](https://parahubxm.com/about): About, team, insights and newsletter.
## How the model works
- Phase 1, pricing: satellite reanalysis data (ERA5) is corrected by machine learning against readings from ground stations, so pricing reflects conditions at the insured asset rather than a regional average. Corrections are validated against backtested historical events.
- Phase 2, settlement: settlement uses the station on or nearest to the insured asset. When the agreed threshold is breached, payout is calculated and released without claim forms or loss adjusters.
- Zero station overhead: partners do not buy, install or maintain hardware. The station network is already in place.
## Risks covered
Drought, excess rainfall, frost, heat stress, wind and storm, hail.
## Industries served
Agriculture (first and primary focus), energy, hospitality, construction, travel, property. All industries are served with equal depth.
## Who ParaHubˣᵐ works with
- Reinsurers: weather-linked risk with transparent trigger logic and asset-level pricing.
- Carriers: fronting and delegated authority arrangements with a licensed MGA.
- Brokers: parametric products they can quote and place without changing core systems.
## Why parametric
- Payout on trigger, no claim forms, no loss adjusters.
- Every parameter agreed upfront, so cover is transparent and auditable.
- Lower operating cost, since manual claims handling is removed.
- Lower basis risk, because measurement happens at the asset instead of a regional average.
## Common questions
- What is ParaHubˣᵐ? A Bermuda licensed managing general agent that designs, prices and settles parametric weather insurance globally.
- How is the price set? Satellite reanalysis corrected by machine learning against ground station readings at the asset location.
- How is a claim paid? Automatically, from the station reading at the insured asset, once the agreed weather threshold is breached.
- Does a partner need to install weather stations? No. There is zero station overhead for partners.
- Which regions? Worldwide, subject to station coverage and local regulatory arrangements.
## Contact
- Website: https://parahubxm.com
- Email: info@parahubxm.com
- LinkedIn: https://www.linkedin.com/company/parahubxm
- Medium: https://medium.com/@parahubxm
