Define the interruption
Start with the external event that could prevent work, then identify a suitable independent data source.
01Product concept · Parametric insurance
Reselio
A parametric income-protection concept for delivery partners affected by extreme weather, designed around transparent rules and faster decisions.
Trigger-to-payout modelConcept
External conditionWeather event
Verified signalIndependent data
Pre-agreed ruleTrigger threshold
Coverage checkEligibility
DecisionPayout
Objective signalVisible ruleDefined decision
01
Problem & context
How might delivery partners receive income support when extreme weather makes it unsafe or impossible to work?
Delivery partners can lose working hours when severe weather interrupts local operations. Reselio explored whether objective weather data and predefined thresholds could support a simpler income-protection decision than an individual loss investigation.
Constraints
- The trigger must be objective, independently measurable, and easy to explain.
- Eligibility still has to be checked even when the event trigger is automatic.
- Basis risk, fraud controls, affordability, and seasonal exposure still require testing in a real pilot.
Reconstructed explanatory visualTrigger rule
IFindependent event data meets the predefined threshold
AND
IFthe covered worker is eligible in the affected location
THENinitiate the agreed payout
Selected artefact
Make the operating logic visible.
This visual is a reconstructed explanation based on the project information available in the repository. It is not an original client deliverable or product screenshot.
02
Approach
A practical sequence, not a grand framework.
Create a visible rule
Connect independent weather data to a predefined threshold so users understand what activates the cover.
Test the payout path
Separate event detection, eligibility validation, and payout initiation to expose operational and fraud risks.
Reconstructed explanatory visualDecision model
Individual-loss routeEvent → claim → investigation → decision
Parametric routeEvent → verified signal → eligibility → payout decision
Decision logic
Show the decision, not just the output.
The work is easier to assess when a visitor can see what inputs matter, where judgement is required, and what the model does not yet prove.
03
Key decisions
Choices that shaped the work.
Objective signal
Use an independent event measure rather than asking each worker to prove the same disruption separately.
Pre-agreed rule
Make the trigger visible up front so the user can understand what will and will not lead to a payout.
Pilot before claims
Treat premium, benefit, seasonal cap, and basis-risk assumptions as inputs to validate, not proven economics.
04
Outcome & lessons
What the project currently demonstrates.
The project produced a public, sanitised model covering trigger logic, eligibility, payout flow, risk questions, and a pilot recommendation. Selected commercial details have been omitted.
Lessons carried forward
- 01
A parametric product is only as clear as its data source and trigger rule.
- 02
Fast decisions still require careful separation between an event and a covered person.
- 03
Explaining exclusions and edge cases is part of the product, not a legal afterthought.