The Demex Group (Demex) – the first provider of comprehensive solutions for modeling, assessing, and managing climate-linked risks at scale – has announced the launch of revolutionary new snowfall insurance.
Demex is a leading innovator in the field of climate risk, which includes sustainable finance and climate risk transfer. Revenue and operating costs in snow-sensitive businesses are experiencing unexpected volatility driven by the changing nature of winter storms. Demex snow insurance delivers climate resilience by addressing volatility stabilizing operational budgets that are linked to snowfall.
- Demex Revenue Protection Insurance is created for snow removal contractors and snow-dependent businesses. Claims are triggered when snowfall is extremely low.
- Demex Cost Control Insurance serves property owners, facility managers, and municipalities. Claims are triggered when snowfall is extremely high.
Both policies are backed by non-admitted paper from Evanston Insurance Company, a subsidiary of Markel, the leader in specialty insurance. Policies carry A XV rating from AM Best, the largest credit rating agency in the world specializing in the insurance industry.