Swiss insurtech startup Parametria, specialising in innovative parametric climate insurance solutions, has secured €589,000 in seed financing, with prominent investor WeBuild Ventures at the helm.
“I’m thrilled to report that our company has made significant strides in recent months. Our dedication to innovation and customer satisfaction continues to yield impressive results.”
Poncho’s climate insurance coverage product launches alongside a substantial injection of funding on November 21st, with integration already underway at five select Swiss travel and leisure firms that have begun incorporating the innovation into their booking procedures.
Building on the vision of Poncho, their innovative solution tackles the complexities of climate uncertainty, empowering travel and leisure providers to proactively manage weather-related risks and boost customer trust in booking ahead. To mitigate the impact of adverse weather conditions, Poncho enables customers to integrate climate risk assessments during the booking process, thereby helping businesses avoid last-minute cancellations, drive increased sales, and foster operational resilience.
Their cutting-edge system produces customized climate insurance solutions that adapt to specific locations, dates, and activities, providing seamless coverage during the reservation process.
Poncho leverages advanced climate modeling to monitor conditions in real-time, automatically triggering refund payouts whenever pre-established weather thresholds are surpassed. Clients reap the benefits of seamless expertise, eliminating the need for time-consuming and often frustrating insurance claims processes.
Automated refund processes aim to liberate travelers to relive their trips or indulge in alternative indoor activities like rejuvenating spa treatments or exceptional dining, crafting unforgettable experiences regardless of weather conditions? This approach, Poncho suggests, would boost customer satisfaction and loyalty by providing travel and leisure companies with a competitive advantage.
“I’m thrilled to be backing the talented team at Poncho,” Nicolas Lagreze, Managing Director at WeBuild Ventures, emphasized, highlighting his faith in their future success.
