Parametric insurance · simulated

Quote a parametric cover

A parametric policy pays the full cover amount when a single, objective condition is met at one UTC hour — no claims adjustment, no loss proof. The condition is answered by a Weather Data Market determination: met, not met or withheld. Premiums and payouts are virtual sUSDT.

Coverage 10–10,000 sUSDT · target hour 2 h to 16 days ahead

Pricing & settlement rules →

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City

Selected: Sao Paulo · Brazil · city page reliable74%

Product

Threshold (°C)

≥°C

Target date (UTC)

Target hour (UTC)

Coverage (sUSDT)

Between 10 and 10,000 sUSDT. Paid in full when the condition is met.

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Pricing…

How parametric cover settles

metThe consensus value at the target hour satisfies the condition → the full coverage is paid to your balance.
not metThe condition is not satisfied → the policy expires; the premium is kept.
withheldThe oracle cannot verify the hour → the policy is void and the premium is refunded. Withheld is nobody's loss.

Determinations are final and are inherited from Weather Data Market: the same condition at the same hour always produces the same outcome. Settlement runs on the hourly cron after the target hour. Determination policy →

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