Product
📌 What is Parametric Insurance?🔗
Parametric insurance is a modern, data-driven approach to insurance that provides fast and transparent payouts based on predefined triggers, such as:
- 🌧️ Rainfall levels
- 🌡️ Temperature variations
- 🌿 Vegetation indices (NDVI)
Unlike traditional indemnity-based insurance, which requires damage assessment, parametric insurance automatically compensates farmers when certain conditions are met. This means:
✅ No lengthy claims process
✅ Reduced administrative burden
✅ Quick financial support after adverse weather events (droughts, floods, storms, etc.)
⚡ Parametric Insurance with EarthDaily Agro🔗
The Parametric Data Service capability provides Actuaries and Data Scientists with high-quality environmental and agronomic data which enables them to create effective parametric indices in the agricultural insurance space.
EarthDaily Agro’s Parametric Insurance API provides seamless access to:
- Crop Specific Historical vegetation indices based on NDVI
- Historical High-Resolution Scientific-level weather data
This API supports:
- Predefined geometries (e.g., U.S. counties, Brazilian Municipios, French Communes…)
- Custom user-defined regions (e.g., a specific farm in France or Brazil)
Insurers, agronomists, and financial institutions can offer innovative risk management solutions tailored to real-world agricultural challenges by leveraging Earth observation data.
📖 API Documentation🔗
📌 Swagger UI – Interactive API testing
📌 ReDoc – Detailed API reference
📌 SandBox – Interactive Web user interface
Indicators and coverage🔗
| Indicator | Description | Temporal coverage | Geographical coverage |
|---|---|---|---|
| Weather — Soil Moisture | High-resolution (9 km) global coverage with daily updates, providing advanced land surface modeling and observational data assimilation, for precise, consistent, and long-term records. |
2004 → Now | Globally |
| Weather — Precipitation | Our soil moisture data combines 2 high-resolution climate datasets with advanced modeling techniques (satellite imagery and ground truth data) to deliver accurate, global coverage at \~5 km resolution with frequent updates. |
2004 → Now | Globally |
| Vegetation (NDVI) | We Provide inter-calibrated Normalized Vegetation Index (NDVI) based on MODIS and Sentinel-3 acquisitions. We are currently preparing the launch of EarthDaily Constellation which will provide a daily continuous stream of scientific-quality and analytics-ready data for even better accuracy. |
2004 → Now | Globally |
| NDVI Masking | We are providing a pure NDVI indicator, enabling data masking with classes like: combined vegetation, combined crops, specific crop type, or even pasture to better understand the global health status and vegetation conditions. We are constantly producing multiple accurate, before the Season, In-Season, and End of Season crop mask layers relying on internal scientific expertise and external official government data sources from USDA, “Agence de service et de paiement”, and Canadian Soil Information Service to make sure you have the most updated data. |
2004 → Now | Globally |