Meteomatics Case Studies Schweizer Hagel Leverages Meteomatics' Weather Data for Agricultural Risk Assessment

Edit This Case Study Record

	Schweizer Hagel Leverages Meteomatics' Weather Data for Agricultural Risk Assessment Meteomatics

Schweizer Hagel Leverages Meteomatics' Weather Data for Agricultural Risk Assessment

Meteomatics

Technology Category	Networks & Connectivity - 5G
Applicable Industries	Agriculture Finance & Insurance
Applicable Functions	Sales & Marketing
Use Cases	Livestock Monitoring Usage-Based Insurance
Services	System Integration
Challenge	Schweizer Hagel, a leading provider of agricultural insurance coverage in Switzerland, France, and Italy, faced the challenge of accurately assessing environmental risks to agricultural crops due to weather events. The company needed to determine insurance premiums that were both equitable for policyholders and adequate to cover insured losses. This required precise local weather information, including historical data spanning up to 30 years, and parameters related to drought, heavy rain, hailstorms, lightning, and storms. The company was in search of a reliable weather data solution that offered flexibility, comprehensive weather parameters, and access to historical weather data. Additionally, Schweizer Hagel required a provider that offered reliable customer service to address specific issues and inquiries promptly and proficiently. Read More
About Customer	Schweizer Hagel is a cooperative that provides comprehensive insurance coverage for agricultural crops both domestically and in neighboring countries. With a history spanning 140 years, Schweizer Hagel was originally founded by Swiss farmers and has since been at the forefront of driving change in the agricultural insurance industry. In addition to offering insurance coverage for agricultural crops, the company also provides coverage against livestock epidemics for pigs, laying hens, and dairy cattle. Furthermore, Schweizer Hagel offers services such as the Swiss Agro Index, which supports producers in their risk management efforts. The company distributes surplus funds to its policyholders in the form of premium refunds. Over 35,000 farms in Switzerland, France, and Italy have placed their confidence in Schweizer Hagel for generations. Read More
Solution	Schweizer Hagel chose Meteomatics as their weather data provider based on their specific requirements. Meteomatics' Weather API offered flexible and rapid access to a wide range of weather data, including historical records, current conditions, and forecasts. This data could be seamlessly integrated into Schweizer Hagel's internal systems and workflows through a single interface. In addition to risk analysis and assessment, Schweizer Hagel used Meteomatics' weather data for its Swiss Agro Index customer portal. This portal served as a weather service for users, enabling policyholders to visualize and interact with various weather data and products on a map. It allowed customers to evaluate the risk of weather events concerning their crops and, if necessary, incorporate them into their management strategies. Read More Log in to view content
Contents

Technology Category

Networks & Connectivity - 5G

Applicable Industries

Agriculture

Finance & Insurance

Applicable Functions

Sales & Marketing

Use Cases

Livestock Monitoring

Usage-Based Insurance

Services

System Integration

Challenge

Schweizer Hagel, a leading provider of agricultural insurance coverage in Switzerland, France, and Italy, faced the challenge of accurately assessing environmental risks to agricultural crops due to weather events. The company needed to determine insurance premiums that were both equitable for policyholders and adequate to cover insured losses. This required precise local weather information, including historical data spanning up to 30 years, and parameters related to drought, heavy rain, hailstorms, lightning, and storms. The company was in search of a reliable weather data solution that offered flexibility, comprehensive weather parameters, and access to historical weather data. Additionally, Schweizer Hagel required a provider that offered reliable customer service to address specific issues and inquiries promptly and proficiently.

About Customer

Schweizer Hagel is a cooperative that provides comprehensive insurance coverage for agricultural crops both domestically and in neighboring countries. With a history spanning 140 years, Schweizer Hagel was originally founded by Swiss farmers and has since been at the forefront of driving change in the agricultural insurance industry. In addition to offering insurance coverage for agricultural crops, the company also provides coverage against livestock epidemics for pigs, laying hens, and dairy cattle. Furthermore, Schweizer Hagel offers services such as the Swiss Agro Index, which supports producers in their risk management efforts. The company distributes surplus funds to its policyholders in the form of premium refunds. Over 35,000 farms in Switzerland, France, and Italy have placed their confidence in Schweizer Hagel for generations.

Solution

Schweizer Hagel chose Meteomatics as their weather data provider based on their specific requirements. Meteomatics' Weather API offered flexible and rapid access to a wide range of weather data, including historical records, current conditions, and forecasts. This data could be seamlessly integrated into Schweizer Hagel's internal systems and workflows through a single interface. In addition to risk analysis and assessment, Schweizer Hagel used Meteomatics' weather data for its Swiss Agro Index customer portal. This portal served as a weather service for users, enabling policyholders to visualize and interact with various weather data and products on a map. It allowed customers to evaluate the risk of weather events concerning their crops and, if necessary, incorporate them into their management strategies.

Impact #1	The partnership with Meteomatics has allowed Schweizer Hagel to enhance its operational efficiency and competitiveness. The company can now accurately calculate and adjust premiums based on the weather risk in a specific area, ensuring that the premiums are both competitive and adequate to cover insured losses. The Swiss Agro Index customer portal, powered by Meteomatics' weather data, has empowered customers to evaluate the risk of weather events concerning their crops and incorporate them into their management strategies. This has facilitated better risk management for policyholders. Furthermore, Schweizer Hagel has been highly impressed by Meteomatics' communication and customer service, which has contributed to a successful partnership.

Impact #1

The partnership with Meteomatics has allowed Schweizer Hagel to enhance its operational efficiency and competitiveness. The company can now accurately calculate and adjust premiums based on the weather risk in a specific area, ensuring that the premiums are both competitive and adequate to cover insured losses. The Swiss Agro Index customer portal, powered by Meteomatics' weather data, has empowered customers to evaluate the risk of weather events concerning their crops and incorporate them into their management strategies. This has facilitated better risk management for policyholders. Furthermore, Schweizer Hagel has been highly impressed by Meteomatics' communication and customer service, which has contributed to a successful partnership.

Download PDF Version

Overview

Schweizer Hagel Leverages Meteomatics' Weather Data for Agricultural Risk Assessment

Operational Impact