Meteo Protect Honored for Risk Management App Built on SAP HANA

Friday, April 07, 2017 by Abhi

Celent is a worldwide research and consultative firm for the monetary administrations industry. Meteo Protect was perceived for its climate hazard administration application, Vivaldi, based on the SAP HANA stage. 

“We are delighted to see Meteo Protect recognized as a Celent Model Insurer and grateful for the support of the SAP Startup Focus program in our continued success,” said Gabriel Gross, President and CEO, Meteo Protect. "Customers are increasingly requesting; they need more refined structures, as bespoke as could be expected under the circumstances, and the unpredictability of what we do is expanding. We have found that with SAP HANA, at whatever point we have to start another item or administration, the appointing is to a great degree quick and dependable." 

Meteo Protect made Vivaldi, an application that permits the insurers to select their policy specification including geolocation, scope period, and climate parameters, and afterward utilizes SAP HANA to aggregrate weather related information, analyze risks and price and underwrite the policy - in real time.

Meteo Protect is an insurance and reinsurance financier and expedite that has the biggest group in Europe dedicated to weather risk management. Meteo Protect gives organizations and establishments anywhere in the world index-based financial covers to protect them when the weather impacts their results. 

Celent's yearly Model Insurer Awards recognize the best practices of technology usage in different areas critical to success in banking/insurance. Nominations are submitted by financial institutions and technology vendors, and undergo a rigorous evaluation process by Celent analysts. Initiatives must be live to be considered. Celent judges submissions on three core criteria: demonstrable business benefits, the degree of innovation relative to the industry, and the quality of the technology or implementation excellence.


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