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AMIGOclimate

Customised climate index insurance services for agriculture

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

AMIGOclimate project word cloud

Explore the words cloud of the AMIGOclimate project. It provides you a very rough idea of what is the project "AMIGOclimate" about.

connected affordable globally independent customers integrates trusted arena compute platform huge risk integration performing modular agricultural radically easier benefits full underpinning generation software time weather insurers amigo competitor automatically scalable customised cheaper economic solutions plan reports monitor 8 lack data amigoclimate computation confirm premiums reinsurers enter commercialization schemes roi sme variables feasibility international clients market calculating business risks transfer reinsurance companies sensed reporting assuring remotely visualization variety insurance monitoring innovative climate web transparent customized ground perform services cloud index industry finalise chiefly continuity offers maps indices tools

Project "AMIGOclimate" data sheet

The following table provides information about the project.

Coordinator	AMIGO SRL Organization address address: VIA FLAMINIA 48 city: ROMA postcode: 196 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Italy [IT]
Project website	https://climateservicesglobal.eu/
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.3. (PRIORITY 'Societal challenges) 2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs) 3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
Code Call	H2020-SMEInst-2018-2020-1
Funding Scheme	SME-1
Starting year	2019
Duration (year-month-day)	from 2019-02-01 to 2019-07-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	AMIGO SRL AMIGO SRL Organization address address: VIA FLAMINIA 48 city: ROMA postcode: 196 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	IT (ROMA)	coordinator	50˙000.00

Map

Project objective

A crucial problem affecting insurance and reinsurance companies in climate index-based risk transfer schemes is the lack of a trusted, transparent, independent and affordable way to design, compute and monitor the underpinning climate indices. AMIGO - as an innovative SME providing climate solutions to international organizations, insurers and reinsurers, for the management of climate related risk in the agricultural sector - has developed a new generation of methods and tools for climate risk management. AMIGOclimate integrates into one web platform climate modelling, ground-based and remotely sensed measures of weather variables to provide high level software capabilities for customised climate risk assessment globally, including climate index computation, visualization and reporting. With AMIGOclimate we change radically the use of climate data and climate information in the climate risk management industry, since customers will be able to perform tailored analysis for the index-based insurance industry, getting automatically maps and reports; effectively calculating premiums. Compared to existing solutions AMIGOclimate is more performing and scalable, easier to use, cloud-based, cheaper and it offers over time continuity for monitoring indices, thus assuring economic benefits to customers. AMIGOclimate allows customers to enter a huge variety of data that could be customized according to users’ needs. After having identified the key clients and their needs, the market, the competitor arena, the technical risks connected with the integration of different information; with this proposal we would like to: 1) demonstrate AMIGOclimate feasibility to finalise the platform development within two years; 2) confirm a full business plan for the development and commercialization of the platform and its modular services chiefly to the insurance industry. We expect a ROI of 8% in 4 years.

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The information about "AMIGOCLIMATE" are provided by the European Opendata Portal: CORDIS opendata.