IndexPayout

IndexPayout is a web app for brokers, MGAs, and corporate risk teams to design, validate, and monitor parametric insurance triggers with an auditable data trail. Users select a peril (rainfall, wind, temperature, seismic, power outage), define the index and payout curve, and the app backtests it against historical data to show basis risk, false-trigger rates, and expected payout frequency. When policies are live, IndexPayout continuously monitors the agreed data sources, logs every data pull, and generates a “proof pack” for claims: raw readings, timestamps, source metadata, and trigger calculations. It also provides client-facing dashboards and automated notifications when a trigger is close. This is not a carrier core system; it’s the missing analytics and evidence layer that reduces disputes and speeds settlement.