What CelsiusPro does

CelsiusPro is a Swiss-based insurtech group founded in Zurich in 2008 by Mark Rueegg, specializing in parametric insurance technology for climate and natural catastrophe (NatCat) risks. The company operates two proprietary platforms — ParameterPro, a broker-facing toolkit for structuring and pricing parametric covers with integrated climate and NatCat datasets, and the White Label Platform (WLP), an end-to-end digital distribution and administration platform licensed to insurers — alongside a suite of named parametric products covering hurricane, earthquake, flood, drought, rainfall, heat, and frost perils. Triggers are computed from satellite and reanalysis data sourced from NASA, ESA, ECMWF (ERA5/ERA5-Land), USGS, NHC, and JTWC, with payouts executed within days of threshold breaches and no proof of physical loss required. A cornerstone IP is the Water Balance Index (WBI), a registered method for detecting drought and excess moisture via precipitation-evapotranspiration balance, developed by senior underwriter Jason Hartell (Reuters/The Insurer Parametric Underwriter of the Year 2024).

The business model combines enterprise B2B platform licensing (custom subscriptions, annual billing, transaction-based fees), managed services for the Natural Disaster Fund (NDF) Technical Assistance Facility funded by KfW/BMZ and FCDO, and Climate Risk Insights and Solutions (CRIS) consulting for TCFD/CSRD reporting. Following the September 2023 acquisition of Global Parametrics Ltd (London) and the October 2025 absorption of a five-person WTW Disaster Risk Finance team, the group operates from Zurich, London, and Sydney, serving insurers, reinsurers, brokers, multilateral institutions, government agencies, NGOs, and vulnerable end-beneficiary populations across 70+ countries. The NDF, managed by Global Parametrics, deploys a portfolio exceeding $100 million in risks — capitalised by UK and German governments plus commercial capacity from Hannover Re and MS Amlin (up to $50M commitment) — and reported 41.6 million beneficiaries covered and 35.7 million poor and vulnerable beneficiaries in 2023, with 11 payouts totaling USD 16.5M and 140% growth in capacity deployment.

Go-to-market operates through three primary motions: white-label embedding with insurance carriers (Tower in the Pacific, Land Bank Insurance in South Africa, CCRIF SPC in the Caribbean), direct broker access via ParameterPro for mid-market structuring work, and channel-partner distribution via NGOs and multilateral institutions (One Acre Fund, Tearfund, Mahila Housing Trust, Frontier Markets, ARC, Humanity Insured) targeting Global South microinsurance segments. Customer segments are hybrid: insurance brokers and insurance companies are primary, alongside government agencies, cooperatives, corporates needing TCFD/CSRD compliance, agriculture sector players, and microinsurance providers. The company remains privately held with no disclosed external funding rounds; ownership is concentrated among founding management and the board.

Name

CelsiusPro

Legal name

CelsiusPro AG

Website

https://celsiuspro.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

CelsiusPro is a Swiss insurtech group providing parametric insurance technology platforms (ParameterPro, White Label Platform) and named peril products for climate and NatCat risks. It serves insurers, brokers, governments, NGOs, and vulnerable Global South populations, managing the Natural Disaster Fund ($100M+ risk portfolio) via subsidiary Global Parametrics.

Ownership category

akta.pro rank

Product category

Parametric Insurance Technology

NAICS

Insurance Agencies and Brokerages (524210), Environmental Consulting Services (54162), Computer Systems Design and Related Services (54151)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric) (EUABALAF)

akta.pro secondary industries

Climate Hazard & Catastrophe Modeling (Flood, Wind, Wildfire, Heat, Sea-Level Rise) (EUABALAA), Adaptation & Resilience Planning Platforms (CAPEX Prioritization, Cost–Benefit, NBS) (EUABALAH), Transition Risk Modeling & Policy/Market Pathways (Carbon Price, Regulation, Technology Adoption) (EUABALAD), Benchmarking, Ratings & Stakeholder Reporting Portals (Scorecards, Dashboards) (EUABAEAJ)

Keywords

• Parametric insurance technology
• Climate risk solutions
• Weather index insurance
• NatCat risk transfer
• Microinsurance distribution

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Technology Platform Licensing: White Label Platform and ParameterPro toolkit are licensed to insurers, brokers, and distribution partners for structuring and distributing parametric insurance products globally. Revenue derived from platform setup fees, licensing fees, and transaction-based processing.
2. Technical Assistance Facility Management: CelsiusPro manages the NDF Technical Assistance Facility (TAF), providing catalytic grants and technical support to develop parametric insurance solutions in developing markets. Funded by KfW/BMZ and FCDO.
3. Climate Risk Consulting Services: Climate Risk Insights and Solutions (CRIS) team provides physical climate risk assessments, TCFD reporting support, scenario analysis, and regulatory compliance consulting to corporations and government agencies.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

CelsiusPro develops and licenses parametric insurance technology platforms (ParameterPro toolkit for brokers and the White Label Platform for insurers) and provides a portfolio of named parametric insurance products covering perils such as hurricane, earthquake, flood, drought, rainfall, heat, and frost. The platforms integrate satellite and gridded climate data from NASA, ESA, ECMWF, USGS, and NHC to enable rapid, satellite-triggered payouts without proof of physical loss. The company also manages the Natural Disaster Fund through its subsidiary Global Parametrics and delivers climate risk consulting via the Climate Risk Insights and Solutions (CRIS) practice for corporations and governments.

Product overview

CelsiusPro is an Insurtech group offering a platform-plus-modules architecture centred on parametric insurance technology. The core offerings include the ParameterPro toolkit (for brokers to structure and price parametric covers), the White Label Platform (enabling insurers to distribute and administer parametric products digitally end-to-end), and a portfolio of named parametric insurance products covering perils including hurricane, earthquake, flood, drought, rainfall, heat, and frost. These are complemented by the Climate Risk Insights and Solutions (CRIS) consulting practice, the Natural Disaster Fund managed through subsidiary Global Parametrics, and the Water Balance Index as a cornerstone drought/excess moisture solution. The platform integrates satellite and climate data from agencies such as NASA, ECMWF, and USGS to enable rapid, trigger-based payouts without proof of loss.

Differentiator

Problem solved

Functional benefit

Brands

• ParameterPro: Advanced parametric insurance toolkit platform for brokers enabling risk assessment, structuring parametric insurance covers globally with integrated climate and NatCat datasets.
• White Label Platform (WLP)
• Water Balance Index (WBI)

Products and services

• ParameterPro Intuitive parametric insurance toolkit for brokers and risk managers, integrating climate and NatCat datasets with structuring tools to build transparent, scalable parametric covers across perils (tropical cyclone, earthquake, heat, freeze, flood, drought, with wildfire and tornado in pipeline). Includes event visualisation, payout visualisation, global climate data downloads, and EL calculation with export functionality.
• White Label Platform (WLP) Digital end-to-end platform enabling insurers to efficiently enter the parametric insurance market with online premium calculator, automated policy/invoice generation, real-time monitoring, mobile money payment integration, and API interfaces to legacy core systems for parametric cover types (drought, earthquake, flood, frost, heat, hurricane, tornado).
• Natural Disaster Fund (NDF) Public-private partnership managed by Global Parametrics (a CelsiusPro Group subsidiary) capitalised by the UK and German governments, providing risk capacity for parametric climate and natural disaster solutions in low-and-middle-income countries, with portfolio exceeding USD 100 million in risks and partners including Hannover Re (matching reinsurance) and MS Amlin (up to USD 50 million committed).
• Earthquake Rapid Recovery Insurance (ERRI) Parametric earthquake insurance paying out within days of a qualifying earthquake, with loss payments determined by Peak Ground Acceleration (PGA) measured by USGS data within an insured circle around the policyholder's address. Requires no proof of physical loss or business income loss.
• Flood Rapid Recovery Insurance (FRRI) Parametric flood insurance paying out within days of excess rainfall events, with loss payments determined by maximum 24-hour accumulated rainfall from NASA GPM IMERG satellite data within an insured circle around the policyholder's address. Requires no proof of physical loss or business income loss.
• Hurricane Rapid Recovery Insurance (HRRI) Parametric hurricane insurance paying out within days of a tropical cyclone intersecting the insured location, with loss payments determined by hurricane category based on National Hurricane Center (NHC) data. Requires no proof of physical loss or business income loss.
• Water Balance Index (WBI) Advanced weather risk management product against drought and excess moisture that tracks the balance between precipitation (P) and potential evapotranspiration (PET) over a defined season using ECMWF ERA5 and ERA5-Land gridded datasets (records from 1979), enabling detection of drought and excess moisture conditions for agricultural, financial, and government applications.
• Rainfall Parametric Insurance Parametric rainfall insurance covering rain day exceedances and seasonal excess rainfall, with loss payments triggered when rainfall exceeds or falls below defined thresholds. Applications include agriculture, construction, tourism, and retail.
• Heat Parametric Insurance Parametric heat insurance covering Critical Day Protection (triggered by cumulative heat days above a T-max threshold) and Excess Degree Protection (triggered by cumulative heat degrees exceeding a threshold), applicable to agriculture, construction, and event industries.
• Frost Parametric Insurance Parametric frost insurance covering Frost Day Protection (triggered by cumulative frost days below a T-min threshold) and Freeze Degree Protection (triggered by cumulative freeze degrees), applicable to agriculture, construction, and winter services.
• Drought Parametric Insurance Parametric drought insurance covering seasonal rain shortfall and low water balance conditions, with loss payments triggered when cumulative rainfall falls below trigger thresholds or water balance index falls below agreed levels. Used for agriculture, hydropower, and food security applications.
• Climate Risk Insights and Solutions (CRIS) Consulting service helping companies understand climate risks, fulfil mandatory climate-related financial disclosures (TCFD), conduct physical climate risk scenario analysis, and adopt mitigation and adaptation measures. Supports Swiss climate reporting and EU Taxonomy/CSRD alignment.

Quantifiable outcome

• Payout within 14 days of triggering event for CCRIF Livelihood Protection Policy
• +5 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

15 partnerships are on record, tiered core and minor.

• TearfundcoreStrategic or Co-development Partner · 15 May 2026Tearfund received US$100,000 drought insurance payout in Nepal for 671 households in Bajura district after failed harvests. Parametric product uses satellite data to monitor water availability and releases funding when drought thresholds are reached. Part of pilot programme with support from Humanity Insured.
• ECOM AgroindustrialcoreStrategic or Co-development Partner · 19 January 2026CelsiusPro Group partnered with ECOM Agroindustrial to provide parametric insurance cover for Indonesian coffee farmers exposed to climate risks. Initiative uses 'Consumer Pay' approach distributing insurance costs to consumers purchasing coffee from certified, climate-insured farms. Supported by University of Southern Queensland and Swiss Capacity Building Facility.
• UNDP (United Nations Development Programme)minorStrategic or Co-development Partner · 23 December 2025UNDP and Swiss Insurance Operators formed partnership aimed at enhancing resilience. Samuel Brown from CelsiusPro involved in initiative. Partnership builds resilience from the ground up through climate risk financing.
• WTW Climate and Resilience Hub (DRF Team Acquisition)coreOthers · 4 October 2025CelsiusPro Group acquired five-person Disaster Risk Finance team from WTW's Climate and Resilience Hub. Team brings over 20 years of combined experience in structuring innovative programs for public sector, multilateral, and humanitarian organizations. Joins Global Parametrics division.
• CCRIF SPCcoreStrategic or Co-development Partner · 9 July 2025CCRIF SPC launched Microinsurance Facility in collaboration with CelsiusPro and Global Parametrics, creating a digital insurance administrative platform enabling multiple insurers to offer microinsurance products to underserved populations in Caribbean and Central America. First product: Livelihood Protection Policy (LPP) in Belize, Grenada, Jamaica, Saint Lucia, Trinidad & Tobago.
• Canopius / Lloyd's Syndicate 4444minorStrategic or Co-development Partner · 23 April 2025Global Parametrics became a coverholder of Canopius Lloyd's Syndicate 4444, enabling structured parametric insurance products to access Lloyd's market capacity.
• Frontier MarketscoreStrategic or Co-development Partner · 23 January 2025Global Parametrics partnered with Frontier Markets to provide women smallholder farmers in India with affordable crop insurance. Program covers 5,000 farmers (24,000 individuals) in Rajasthan and Uttar Pradesh using Water Balance Index parametric drought insurance through rural social commerce platform.
• African Risk Capacity Ltd. (ARC)coreStrategic or Co-development Partner · 31 October 2024Natural Disaster Fund provides risk capacity for Sahel Climate Catastrophe Layer (SCCL) supporting UN World Food Program. NDF as lead risk capacity provider ensures swift payouts during severe drought events. Structured and placed by Gallagher Re. Phase 2 aims to reach 5 million people with coverage for up to 1 million WFP beneficiaries.
• Land Bank Insurance CompanycoreOEM/ Whitelabel/ Licensing Partner · 14 October 2024Land Bank Insurance Company (LBIC) partnered with CelsiusPro to pilot index drought insurance in South Africa targeting smallholder producers. CelsiusPro providing White Label Platform technology for digitised solution covering pricing, policy management, monitoring and settlement. Pilot in five provinces covering 75% of smallholder farmers.
• TowercoreOEM/ Whitelabel/ Licensing Partner · 12 September 2024CelsiusPro and Tower launched upgraded technology for parametric insurance distribution in Pacific. Tower's Cyclone Response Cover powered by CelsiusPro's White Label Platform technology with features including self-registration, online premium calculator, automated policy generation, real-time monitoring, and swift settlement. Expanded to Fiji, Tonga, Samoa.
• Corp-EFF Insurance Company LimitedcoreChannel Partner/ Reseller/ Distributor · 15 July 2024NDF provided risk capacity to Corp-EFF Insurance to distribute Flexible Hurricane Protection product in Dominica and Grenada. Policies sold to households, small businesses, smallholder farmers (nutmeg and cacao), fisherfolk. NDF released payouts exceeding USD 1.45 million after Hurricane Beryl.
• One Acre FundcoreStrategic or Co-development Partner · 11 July 2024One Acre Fund partnered with Global Parametrics to provide financial protection for smallholder farmers in Zambia and Malawi against drought. Water-balance index developed and payouts benefiting approximately 77,600 farmers issued (MWK 1.41 billion / ~USD 812,600).
• Government of Quintana Roo (Mexico)minorChannel Partner/ Reseller/ Distributor · 27 June 2024NDF provided risk capacity to support renewal of Mexican state of Quintana Roo's parametric tropical cyclone coverage. Coverage for emergency expenditure and early reconstruction supporting critical infrastructure (highways, water supply, health services, schools).
• Mahila Housing Trust (MHT)coreStrategic or Co-development Partner · 29 April 2024MHT partnered with Global Parametrics to implement climate risk insurance programme for women-led credit cooperatives covering three major industrial cities of Gujarat (Ahmedabad, Baroda, Surat). First-in-kind excessive urban heat insurance product covering 26,000 women members. Transaction with NDF risk capacity, supported by Howden and Go Digit Insurance.
• National Centre for Climate Services (NCCS)minorStrategic or Co-development Partner · 20 April 2023CelsiusPro led consortium mandated to conduct NCCS Global Impacts project for Swiss economy. Consortium includes EBP Schweiz AG, Correntics, Risk Dialogue Foundation, ETH Zurich. Project analyzes climate change impacts on Switzerland's economic performance and supply chains.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Kettle: Parametric reinsurance platform using satellite data and machine learning to backstop climate and wildfire risk for re/insurers. Comparable technology approach (satellite triggers, data-driven parametric covers) and targets a similar insurer/reinsurer client base that buys reinsurance from CelsiusPro's NDF partners.
• FloodFlash: UK-based parametric flood insurance MGA writing direct-to-customer and commercial policies with sensor-triggered payouts. Direct competitor for CelsiusPro's Flood Rapid Recovery Insurance and embeds technology into brokers and insurers in a comparable way.
• Descartes Underwriting: Paris-based specialty insurer offering parametric covers for natural catastrophes across corporate and government buyers. Closely comparable to CelsiusPro in product mix (hurricane, earthquake, flood, drought) and reliance on data-driven triggers, and is a direct competitor for large corporate parametric placements.
• Blue Marble Microinsurance: Swiss-based microinsurance venture focused on parametric covers for smallholder farmers and climate-vulnerable populations in emerging markets. Directly comparable in target beneficiary profile (smallholders, vulnerable populations) and in partnership distribution model with development finance institutions and NGOs.
• Arbol: NYC-based climate risk platform providing parametric weather insurance and data products for enterprise and agriculture buyers. Directly comparable technology stack (satellite-driven triggers, platform-licensing model), and competes for similar brokers and risk managers in CelsiusPro's ParameterPro target segment.

Broad incumbents

• Swiss Re: World's largest reinsurer with established parametric capabilities and climate/NatCat underwriting. Provides deep-capacity competition for large parametric deals and corporate placements; CelsiusPro's board member Gabriela Lippe-Holst is a former Swiss Re Managing Director, evidencing familiarity with Swiss Re as a partner/competitor.
• Risk Management Solutions (RMS): Catastrophe modeling firm (Moody's-owned) producing hazard models for major perils that feed insurance pricing and accumulation management. Comparable through the hazard and catastrophe modeling layer that sits beneath CelsiusPro's WBI, ParameterPro, and CRIS offerings.
• Munich Re: Global reinsurer offering parametric NatCat solutions and climate risk analytics as part of a broad portfolio. Competes for reinsurance capacity mandates and large corporate risk transfer programs, and operates NatCatService (now Munich Re's NatCat solution) covering similar perils to CelsiusPro's products.
• AXA Climate: Climate-insurance arm of AXA offering parametric covers, climate risk analytics, and adaptation services. Overlaps significantly with CelsiusPro in perils (drought, heat, flood, hurricane) and target segments (corporates, public sector), with AXA Climate's CUO Isa Ennadifi having previously led AXA's London hub before joining CelsiusPro.
• Verisk (Catastrophe Modeling): Provider of catastrophe modeling, analytics, and climate risk platforms used by insurers and reinsurers worldwide. Comparable through its climate hazard and modeling capabilities and corporate climate risk reporting (e.g., ISO/PCS, Moody's RMS assets) that overlap with CRIS consulting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/celsiuspro
• Xx.com/celsiuspro

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CelsiusPro