AXA Climate partners with CoreLogic on parametric hail product

AXA Climate partners with CoreLogic on parametric hail product

AXA Climate, a managing general agent of AXA XL, has selected CoreLogic to expand its parametric hail protection product. The product will utilize CoreLogic’s proprietary data to help businesses recover from financial losses such as property damage or business interruption following a hail event.

After a successful initial loss of the parametric hail product in 2019, AXA Climate will now make the product available to condominiums, golf courses and greenhouses, among others.

Seven of the eighteen billion-dollar disasters that hit the US in 2021 included episodes of severe hail, according to the National Oceanic and

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