Skyline and Gisaïa in partnership for Solar Energy

London - Toulouse: 21th September 2020 - Skyline Partners and Gisaïa announce their strategic partnership and the launch of InsDex, Skyline’s index insurance technology, starting with Solar InsDex.

Solar InsDex is a unique index insurance solution by Skyline for renewable solar energy, powered by Gisaïa’s geospatial solution ARLAS that will bring a unique risk transfer and management platform for clients to explore, monitor and insure the lack of solar radiation.

The same data used to pay claims will be used to monitor their risks in full transparency for customers and risk carriers.

Combined with fast and guaranteed payout, Solar will support project developers and green investors in securing better funding terms and help them to manage their risk appetite.

"Gisaïa’s expertise in geospatial big data exploration has been proven in the high-tech space industry. Their ability to deliver high quality geospatial visualisation is unprecedented in the insurance industry. We are very excited to partner with them and bring this unique value proposition. Our shared focus on innovation, technology and data cement this partnership for the long term.” Laurent Sabatié and Gethin Jones, Skyline Partners Co-Founders and Directors.

“Skyline Partners have unique expertise and experience in parametric insurance underwriting. Skyline’s ability to keep up with innovative trends and even become early adopters aligns with our quest to explore new spaces to deploy our ARLAS® framework. We are thrilled to find a partner who shares in our push for excellence and positive customer experiences” Laurent Dezou and Sylvain Gaudan, Gisaïa Co-Founders and Directors.

Index-based insurance, whilst already a well-known mechanism, has been slow to emerge as an established risk transfer option by risk carriers and customers. It is starting to change and index insurance is now accelerating to complement traditional programmes, in markets where cover gaps or exclusions exist, or conditions are tightening.

With InsDex, Skyline aims at facilitating and spreading the use of index insurance, as an efficient and transparent means of risk transfer with fast and guaranteed access to cash at occurrence of adverse events.

New InsDex upgrades will soon be released, to accompany existing Skyline index solutions for renewable wind energy, agriculture and natural catastrophes. In addition, Skyline has also developed a beta version of index insurance technology for distributors and risk carriers, that integrates the same visualisation capabilities, but also index risk modelling, large scale pricing and payout trigger notifications.

By combining Skyline’s index insurance with Gisaïa’s big data geospatial expertise, the partnership will create a powerful and unprecedented proposition for the insurance industry. It will bring significant value to customers, brokers and carriers to help them comprehend, manage and transfer risks, in line with their specific needs.