Beschreibung:
<jats:title>Abstract</jats:title><jats:p>Parametric insurance schemes allow for payouts to be triggered by real-time hydro-/meteorological parameters instead of waiting for damage assessments, which means they can be settled swiftly, giving people access to funds right after the event. In this work we propose a framework to design parametric insurance schemes and systematically quantify the basis risk: the difference between the parameter-based payout and the actual damage. We implement the framework in the open-source global risk assessment platform CLIMADA and illustrate it with two stylized parametric insurance case studies, targeting tropical cyclones in Mozambique and winter storms in France. The data used and the provided code base are globally-consistent, open-source, and readily available. The presented methods are therefore applicable in data-scarce areas and accessible to stakeholders from the public and private sector. Moreover, our approach can easily be adapted to other hazards and exposures worldwide. This improves the accessibility and transparency of such innovative insurance schemes.</jats:p>