As the winter season approaches, we are reminded of the potential risks and challenges that come with it. Recently, France experienced heavy snowfall brought by Storm Caetano, which caused power outages and traffic disruptions. According to French Minister of Energy Transition Agnes Pannier-Runacher, around 170,000 households lost electricity due to the storm. Over 1,400 workers have been deployed to repair the damaged power network, but the number of affected households is expected to continue to rise as the storm persists.

The French Civil Aviation Authority reported that heavy delays are expected at Paris’ Charles de Gaulle Airport, and airlines have been instructed to cancel 10% of flights from the country’s largest air hub due to the severe weather. The French national railway company SNCF also announced on social media that high-speed train services in France are either suspended or limited for safety reasons.

Meteo-France, the national meteorological agency, has issued an Orange alert, the second-highest warning level, for 56 of the 96 departments in metropolitan France, citing strong winds and heavy snowfall. The minister warned that snowfall would persist into Thursday night, with temperatures expected to drop below freezing point. She urged residents to exercise caution, particularly regarding the increased risk of black ice.

This event highlights the importance of being prepared for unexpected weather conditions. As insurance executives, it is crucial to consider the potential risks and damages that can arise from natural disasters and extreme weather events. It is important to have a plan in place to mitigate these risks and protect your clients.

At Riskwolf, we offer parametric insurance that can help in situations like this. With unique real-time data and dynamic risk modeling, we enable insurers to build and operate parametric insurance at scale. This means that you can turn real-time data into insurance, providing your clients with the protection they need when they need it most.

Don’t take chances with your clients' safety and security. Contact Riskwolf today to learn more about how we can help you develop parametric insurance for unexpected weather events and natural disasters. Let’s work together to protect what matters most.

Source: TodayIndia.news