Use an independent weather reading
The same independent weather reading could establish the event for workers in the affected area.
Product concept · Parametric insurance
Resilio.
When the weather stops work, what happens next?
- My role
- Research and concept development
- My contribution
- I mapped the weather trigger, coverage checks, and payment decision into a product model.
- Current status
- Concept developed
The key ideaA weather trigger and a coverage check answer different questions.
Start with one working day
A delivery partner stops work in extreme heat.
They lose income. That tells us why support matters, but not whether a weather based rule would pay. I separated the decision into two checks: what happened, and who is covered.
One weather event.
Two separate checks.
A delivery partner stops work during extreme heat. What would the model need to know?
01 / WEATHER SIGNALTrigger reached
Agreed thresholdVerify the event
Compare independent weather data with the agreed trigger.
Threshold metCheck the cover
Confirm the person, location, and period covered.
Cover confirmedEXAMPLE DECISION
Proceed to the agreed payment rule
Both checks pass in this example. The amount and payment process would still depend on the agreed terms.
A demonstration of the concept, using invented scenarios. No live weather feed, policy, or payment is connected.
The difficult case
A real loss.
No trigger.
The third scenario is the one I would pay most attention to in a pilot. Someone can stop working and lose income even when the weather reading stays below the agreed threshold.
This gap is called basis risk. A clear rule can make a decision faster, but it can also leave someone without support. The explanation needs to show that limitation before they rely on the cover.
The choices behind the model.
Agree on the rule upfront
Make the trigger visible up front so the user can understand what will and will not lead to a payout.
Test the assumptions
The price, payment amount, seasonal limit, and risk of the trigger missing a real loss all need testing.
What I have so far
A concept, not a policy.
I put together a model covering the weather trigger, coverage checks, payments, and questions for a pilot. It is still a concept. I would need to test the pricing, local weather data, fraud checks, and cases where the trigger does not match a worker’s loss.
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