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The Demex Group and Vave Partner to Offer Parametric Extreme Temperature Insurance

By Kristen Hoff

First Published by prnewswire.com

Climate change is driving increased extreme weather, including harsh winter cold snaps and summer heat waves. Small-to-medium business owners feel this acutely – extreme temperature events result in lost revenue and unforeseen expenses in the form of higher utility bills, higher operating costs, and higher supplier costs.

Vave has partnered with The Demex Group to offer parametric extreme temperature insurance for small and medium-sized businesses. This product will be the first of its kind, and will close the insurance protection gap linked to extreme temperatures.

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