White Label

The WeatherBill White Label platform enables any third party to offer weather coverage to their clients, written on their paper, and using their distribution channels. It is an innovative end-to-end technology platform for pricing, transacting, settling, and managing weather risk. WeatherBill White Label creates new revenue streams and growth opportunities for insurance companies and weather derivative dealers, allowing them to leverage WeatherBill’s technology to offer fully automated, customizable weather coverage to their clients. 

Read the White Label White Paper to learn how you can offer weather coverage. Or call (888) 924-7475.

White Label: How It Works

A custom-branded White Label website allows self-service client transactions - clients quote coverage in minutes without ever leaving your site. Offline and sales assisted transactions are processed by internal sales team members and broker partners using WeatherBill Pro, a powerful web application with quoting, client, and contract management features. WeatherBill White Label provides 5 key services:

Automated Pricing and Rating
WeatherBill White Label contains a powerful and flexible, proprietary pricing engine, which uses billions of simulated weather data objects, probabilistic weather forecast feeds, and extensive climatological weather observations to determine the price for weather coverage. Coverage can be customized and priced in seconds, meeting the weather coverage needs of any buyer.

Transaction Processing and Order Management
WeatherBill White Label includes a partner-branded quote and buy interface that can be embedded in partners’ site for direct consumers. For offline or sales assisted transactions, WeatherBill Pro offers the ability to create and manage client accounts and quotes.

Settlement and Claim Management
WeatherBill White Label includes fully automated weather data observation processing and coverage settlement, minimizing the claims process. In fact, WeatherBill can automate the entire settlement and payment process, allowing customers to automatically receive payment due within days after the coverage period ends.

Reporting and Risk Management
WeatherBill White Label provides reporting and analytical risk management tools, powered by real-time weather observations, probabilistic forecasts, and weather simulations. These tools allow instant insight into simulated payout scenarios for any weather coverage underwritten in a portfolio or book of risk.

Significant Risk Capacity
Insurance providers and derivatives dealers who want to offer weather coverage may not want to retain the associated risk of the portfolio generated. WeatherBill can provide significant risk capacity, via its relationship with Nephila Capital, one of the world’s largest weather risk and catastrophe reinsurance fund managers.  

White Label Architecture