CelsiusPro
Parametric insurance technology platform enabling insurers, reinsurers, and brokers to structure, distribute, and manage climate and NatCat parametric insurance products globally.
Overview
CelsiusPro is a Swiss insurtech group specializing in parametric insurance technology for climate and natural catastrophe (NatCat) risk. Founded in 2008 by Mark Ruegg, the company unites climate technology, data science, risk modelling, and committed risk capacity to develop and distribute parametric insurance solutions globally.
The company operates a parametric insurance platform -- ParameterPro -- that enables insurers, reinsurers, and brokers to structure, underwrite, and manage parametric products that pay out based on predefined triggers (such as wind speed, rainfall, or earthquake magnitude) rather than traditional indemnity claims. CelsiusPro ingests approximately 120 million climate and NatCat data points daily to power its risk modelling capabilities.
In September 2023, CelsiusPro acquired Global Parametrics Ltd, a London-based firm managing the Natural Disaster Fund -- a risk capacity pool backed by the British and German governments. This acquisition significantly expanded the group's operational capacity and global presence, adding offices in London and capabilities in frontier and developing markets.
CelsiusPro serves international insurers, reinsurers, government agencies, and program partners across Europe, Australia, the Pacific, Africa, and the Caribbean, and is actively expanding into the Americas. The company is recognized as a pioneer in the parametric insurance space and has been named a Top Insurtech in Europe in 2018 and 2019.
Products & Services
ParameterPro
CelsiusPro's core parametric insurance toolkit designed for risk professionals. ParameterPro enables the structuring, distribution, and management of parametric insurance products globally by integrating climate data, NatCat risk modelling, and actuarial tools into a single platform.
Key Features
- End-to-end parametric product structuring and pricing
- Integration of approximately 120 million daily climate and NatCat data points
- Trigger definition and validation tools for risk professionals
- Portfolio management and reporting capabilities
- Global distribution and program management
Target Users: Underwriters, brokers, reinsurers, MGA/MGU program managers
White Label Platform (WLP)
A comprehensive platform enabling insurers and brokers to deploy parametric insurance solutions under their own brand, reducing time-to-market for parametric products.
Key Features
- Full white-label branding capabilities
- Parametric product configuration and issuance
- Distribution channel management
- Policy lifecycle and claims trigger management
- Multi-country deployment support
Target Users: Insurers, reinsurers, program administrators, MGA/MGU operators
Climate Resilience Solutions
Advisory and technical services helping organizations prepare for and mitigate the financial impact of climate-related events. Offered in conjunction with the parametric platform to deliver comprehensive climate risk transfer programs.
Key Features
- Climate risk assessment and exposure analysis
- Custom parametric product design for specific climate perils
- Integration of risk capacity from the Global Parametrics Natural Disaster Fund
- Program development for government agencies and development finance institutions
Target Users: Government agencies, development finance institutions, carriers entering parametric lines
At a Glance
- Founded
- 2008
- Headquarters
- Zurich, Switzerland
- Employees
- 21-50
- Funding
- Bootstrapped
Category & Focus
- Category
- Underwriting & Risk
- Subcategories
- Parametric Insurance Platform Climate Risk Technology NatCat Risk Modelling
- Insurance Verticals
- P&C Commercial Specialty & Surplus Reinsurance
- Target Customers
- Carriers, Reinsurers, Brokers, MGAs/MGUs
Customers
- CCRIF (Caribbean Catastrophe Risk Insurance Facility) -- parametric microinsurance facility and digital platform for hurricane protection (July 2025)
- Tower Insurance -- parametric cover IT platform for the Pacific region (September 2024)
- LBIC (Land Bank Investment Company) -- index drought insurance pilot program in South Africa (October 2024)
- Corp-EFF Insurance Company Limited -- parametric hurricane protection partnership (2025)
- Global Parametrics Ltd (subsidiary) -- management of the Natural Disaster Fund backed by UK and German government agencies (acquired September 2023)
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Last updated: 2026-05-17