TECHNOLOGIES

Parametric Crop Insurance Powered by Data

A new generation of protection for modern agriculture.

The ABS platform, in cooperation with partners, introduces a modern approach to insurance through a parametric insurance model that uses objective meteorological and satellite data to monitor predefined climate conditions and automatically activate compensation when agreed parameters are met.

Real-time weather monitoring
Faster compensation activation with simplified procedures
Transparent rules based on objective data
A smarter approach to climate risk management

Weather station on a field at the Svetislav Pačarić farm, Žabalj.

FROM MEASUREMENT TO COMPENSATION

How Does It Work?

Parametric insurance uses precise weather data and predefined thresholds to monitor climate conditions on the field.

IoT Weather Stations

High-precision local weather stations continuously monitor rainfall, temperature, humidity, and other critical climate parameters in real time.

Defined Climate Triggers

Thresholds for drought, excessive rainfall, and other weather extremes are predefined according to crop type and local climate conditions.

Automatic Compensation Activation

When the system detects that predefined conditions have been met, compensation processes can be activated automatically based on objective data, eliminating the need for additional field assessments.

SMARTER CLIMATE PROTECTION

Parametric Insurance in Practice

Rainfall and Weather Monitoring

Continuous monitoring of weather conditions through local IoT weather stations and satellite-based data sources.

Precisely Defined Climate Thresholds

Automatically configured drought and excessive rainfall thresholds tailored to specific crops and production regions.

Data-Driven Activation

The system automatically identifies when predefined conditions are met and initiates agreed protection mechanisms.

Objective Real-Time Data

All decisions are based on neutral, verified, and transparent meteorological and satellite data sources.

Transparent Protection Model

Clearly defined rules, known parameters, and a transparent framework for managing climate-related risks.

CLEAR, MEASURABLE THRESHOLDS

Examples of Climate Triggers

Excessive Rainfall

Accumulated rainfall over 7 consecutive days.

Dana

Drought

16–20 consecutive days without significant rainfall.

Crop-Adaptive Model

Thresholds are automatically adjusted according to crop type, crop growth stage, and local climate conditions.

The thresholds shown are for illustrative purposes. Specific parameters are defined according to the crop, region, and the agreed coverage model.

SHARED VALUE

Why Does It Deliver Greater Value?

For Farmers

Make better decisions before the season begins.

Greater predictability of production and financial outcomes
Transparent rules based on objective data
Reduced administrative burden
Faster decision-making during climate uncertainty
Additional protection against extreme weather events

For Institutional Partners

insurance · financial institutions · advisory organizations.

Objective and verified data sources
More precise risk assessment and management
Higher levels of process automation
Efficient management of large numbers of fields
Advanced climate-event analysis and impact assessment

Hajde da razgovaramo

Stay Ahead of Climate Risks

ABS, in cooperation with partners, is developing a new generation of digital financial solutions based on objective data from weather stations and data from satellite imaging of parcels.

Register your interest today and be among the first to learn when parametric protection models become available for your crops, region, and production system.

Farmers, register and use for free

Contact our team