Report cover image

Global Weather Index-based Insurance Market Research Report 2026(Status and Outlook)

Publisher Bosson Research
Published Jan 05, 2026
Length 139 Pages
SKU # BOSS20847170

Description

Report Overview

Weather Index-based Insurance is a type of insurance where payouts are determined by a pre-specified weather index, such as rainfall levels, temperature, or wind speed, rather than actual losses incurred by the insured. This index is used as a trigger for compensation when it exceeds or falls below a certain threshold. Typically applied in agriculture, this type of insurance helps mitigate the impact of weather-related risks, like droughts or floods, without the need for damage assessments on individual farms. It offers a faster and more cost-effective claim settlement process, but can sometimes result in a mismatch between the actual loss and the payout, known as basis risk.The weather index-based insurance market is gaining momentum as a strategic tool for climate risk management, particularly in agriculture and disaster-prone sectors. Unlike traditional insurance models, it offers faster and more objective payouts by using predefined weather parameters as triggers, reducing disputes and administrative costs. This approach is increasingly attractive in regions vulnerable to extreme weather, where conventional insurance is either unavailable or unaffordable. Advances in meteorological data collection, satellite imaging, and digital platforms are enhancing the accuracy and credibility of these products. However, the market's growth depends on addressing challenges such as basis risk and ensuring that indices accurately reflect local weather impacts. Continued innovation, along with supportive regulatory environments and stakeholder education, will be critical to unlocking the full potential of this insurance model.

The global Weather Index-based Insurance market size was estimated at USD 4824.0 million in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 14.90% during the forecast period.

This report offers a comprehensive and in-depth analysis of the global Weather Index-based Insurance market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.

The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.

A significant focus of this report lies in the competitive landscape of the global Weather Index-based Insurance market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.

In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Weather Index-based Insurance market.

Global Weather Index-based Insurance Market: Market Segmentation Analysis

This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.

A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.

Key Company

PICC

Zurich Insurance

Hannover Re

Swiss Re

Sompo

Munich Re

Willis Towers Watson

NAU Country Insurance(QBE)

China Pacific Property Insurance

China United Property Insurance

China Life Property & Casualty Insurance

Agriculture Insurance Company of India

Ping An Insurance

AXA

ProAg (Tokio Marine HCC)

Farmers Mutual Hail

SCOR

Allianz

Liberty Mutual

Mayfair Insurance

Pula Advisors

CARD-Pioneer Microinsurance

Descartes Underwriting

Sanasa General Insurance

Market Segmentation (by Type)

Wind Speed

Rainfall

Temperature

Others

Market Segmentation (by Application)

Agriculture

Fishery

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Weather Index-based Insurance Market

Overview of the regional outlook of the Weather Index-based Insurance Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Weather Index-based Insurance Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Weather Index-based Insurance, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

139 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Weather Index-based Insurance
1.2 Key Market Segments
1.2.1 Weather Index-based Insurance Segment by Type
1.2.2 Weather Index-based Insurance Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Weather Index-based Insurance Market Overview
2.1 Global Market Overview
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Weather Index-based Insurance Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Weather Index-based Insurance Product Life Cycle
3.3 Global Weather Index-based Insurance Revenue Market Share by Company (2020-2025)
3.4 Weather Index-based Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.5 Headquarters, Areas Served, and Product Types of Major Players
3.6 Weather Index-based Insurance Market Competitive Situation and Trends
3.6.1 Weather Index-based Insurance Market Concentration Rate
3.6.2 Global 5 and 10 Largest Weather Index-based Insurance Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Weather Index-based Insurance Value Chain Analysis
4.1 Weather Index-based Insurance Value Chain Analysis
4.2 Midstream Market Analysis
4.3 Downstream Customer Analysis
5 The Development and Dynamics of Weather Index-based Insurance Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Weather Index-based Insurance Market Porter's Five Forces Analysis
6 Weather Index-based Insurance Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Weather Index-based Insurance Market by Type (2020-2025)
6.3 Global Weather Index-based Insurance Market Size Growth Rate by Type (2021-2025)
7 Weather Index-based Insurance Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Weather Index-based Insurance Market Size (M USD) by Application (2020-2025)
7.3 Global Weather Index-based Insurance Market Size Growth Rate by Application (2021-2025)
8 Weather Index-based Insurance Market Segmentation by Region
8.1 Global Weather Index-based Insurance Market Size by Region
8.1.1 Global Weather Index-based Insurance Market Size by Region
8.1.2 Global Weather Index-based Insurance Market Size Market Share by Region
8.2 North America
8.2.1 North America Weather Index-based Insurance Market Size by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Weather Index-based Insurance Market Size by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Spain
8.4 Asia Pacific
8.4.1 Asia Pacific Weather Index-based Insurance Market Size by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Weather Index-based Insurance Market Size by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Weather Index-based Insurance Market Size by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 PICC
9.1.1 PICC Basic Information
9.1.2 PICC Weather Index-based Insurance Product Overview
9.1.3 PICC Weather Index-based Insurance Product Market Performance
9.1.4 PICC SWOT Analysis
9.1.5 PICC Business Overview
9.1.6 PICC Recent Developments
9.2 Zurich Insurance
9.2.1 Zurich Insurance Basic Information
9.2.2 Zurich Insurance Weather Index-based Insurance Product Overview
9.2.3 Zurich Insurance Weather Index-based Insurance Product Market Performance
9.2.4 Zurich Insurance SWOT Analysis
9.2.5 Zurich Insurance Business Overview
9.2.6 Zurich Insurance Recent Developments
9.3 Hannover Re
9.3.1 Hannover Re Basic Information
9.3.2 Hannover Re Weather Index-based Insurance Product Overview
9.3.3 Hannover Re Weather Index-based Insurance Product Market Performance
9.3.4 Hannover Re SWOT Analysis
9.3.5 Hannover Re Business Overview
9.3.6 Hannover Re Recent Developments
9.4 Swiss Re
9.4.1 Swiss Re Basic Information
9.4.2 Swiss Re Weather Index-based Insurance Product Overview
9.4.3 Swiss Re Weather Index-based Insurance Product Market Performance
9.4.4 Swiss Re Business Overview
9.4.5 Swiss Re Recent Developments
9.5 Sompo
9.5.1 Sompo Basic Information
9.5.2 Sompo Weather Index-based Insurance Product Overview
9.5.3 Sompo Weather Index-based Insurance Product Market Performance
9.5.4 Sompo Business Overview
9.5.5 Sompo Recent Developments
9.6 Munich Re
9.6.1 Munich Re Basic Information
9.6.2 Munich Re Weather Index-based Insurance Product Overview
9.6.3 Munich Re Weather Index-based Insurance Product Market Performance
9.6.4 Munich Re Business Overview
9.6.5 Munich Re Recent Developments
9.7 Willis Towers Watson
9.7.1 Willis Towers Watson Basic Information
9.7.2 Willis Towers Watson Weather Index-based Insurance Product Overview
9.7.3 Willis Towers Watson Weather Index-based Insurance Product Market Performance
9.7.4 Willis Towers Watson Business Overview
9.7.5 Willis Towers Watson Recent Developments
9.8 NAU Country Insurance(QBE)
9.8.1 NAU Country Insurance(QBE) Basic Information
9.8.2 NAU Country Insurance(QBE) Weather Index-based Insurance Product Overview
9.8.3 NAU Country Insurance(QBE) Weather Index-based Insurance Product Market Performance
9.8.4 NAU Country Insurance(QBE) Business Overview
9.8.5 NAU Country Insurance(QBE) Recent Developments
9.9 China Pacific Property Insurance
9.9.1 China Pacific Property Insurance Basic Information
9.9.2 China Pacific Property Insurance Weather Index-based Insurance Product Overview
9.9.3 China Pacific Property Insurance Weather Index-based Insurance Product Market Performance
9.9.4 China Pacific Property Insurance Business Overview
9.9.5 China Pacific Property Insurance Recent Developments
9.10 China United Property Insurance
9.10.1 China United Property Insurance Basic Information
9.10.2 China United Property Insurance Weather Index-based Insurance Product Overview
9.10.3 China United Property Insurance Weather Index-based Insurance Product Market Performance
9.10.4 China United Property Insurance Business Overview
9.10.5 China United Property Insurance Recent Developments
9.11 China Life Property and Casualty Insurance
9.11.1 China Life Property and Casualty Insurance Basic Information
9.11.2 China Life Property and Casualty Insurance Weather Index-based Insurance Product Overview
9.11.3 China Life Property and Casualty Insurance Weather Index-based Insurance Product Market Performance
9.11.4 China Life Property and Casualty Insurance Business Overview
9.11.5 China Life Property and Casualty Insurance Recent Developments
9.12 Agriculture Insurance Company of India
9.12.1 Agriculture Insurance Company of India Basic Information
9.12.2 Agriculture Insurance Company of India Weather Index-based Insurance Product Overview
9.12.3 Agriculture Insurance Company of India Weather Index-based Insurance Product Market Performance
9.12.4 Agriculture Insurance Company of India Business Overview
9.12.5 Agriculture Insurance Company of India Recent Developments
9.13 Ping An Insurance
9.13.1 Ping An Insurance Basic Information
9.13.2 Ping An Insurance Weather Index-based Insurance Product Overview
9.13.3 Ping An Insurance Weather Index-based Insurance Product Market Performance
9.13.4 Ping An Insurance Business Overview
9.13.5 Ping An Insurance Recent Developments
9.14 AXA
9.14.1 AXA Basic Information
9.14.2 AXA Weather Index-based Insurance Product Overview
9.14.3 AXA Weather Index-based Insurance Product Market Performance
9.14.4 AXA Business Overview
9.14.5 AXA Recent Developments
9.15 ProAg (Tokio Marine HCC)
9.15.1 ProAg (Tokio Marine HCC) Basic Information
9.15.2 ProAg (Tokio Marine HCC) Weather Index-based Insurance Product Overview
9.15.3 ProAg (Tokio Marine HCC) Weather Index-based Insurance Product Market Performance
9.15.4 ProAg (Tokio Marine HCC) Business Overview
9.15.5 ProAg (Tokio Marine HCC) Recent Developments
9.16 Farmers Mutual Hail
9.16.1 Farmers Mutual Hail Basic Information
9.16.2 Farmers Mutual Hail Weather Index-based Insurance Product Overview
9.16.3 Farmers Mutual Hail Weather Index-based Insurance Product Market Performance
9.16.4 Farmers Mutual Hail Business Overview
9.16.5 Farmers Mutual Hail Recent Developments
9.17 SCOR
9.17.1 SCOR Basic Information
9.17.2 SCOR Weather Index-based Insurance Product Overview
9.17.3 SCOR Weather Index-based Insurance Product Market Performance
9.17.4 SCOR Business Overview
9.17.5 SCOR Recent Developments
9.18 Allianz
9.18.1 Allianz Basic Information
9.18.2 Allianz Weather Index-based Insurance Product Overview
9.18.3 Allianz Weather Index-based Insurance Product Market Performance
9.18.4 Allianz Business Overview
9.18.5 Allianz Recent Developments
9.19 Liberty Mutual
9.19.1 Liberty Mutual Basic Information
9.19.2 Liberty Mutual Weather Index-based Insurance Product Overview
9.19.3 Liberty Mutual Weather Index-based Insurance Product Market Performance
9.19.4 Liberty Mutual Business Overview
9.19.5 Liberty Mutual Recent Developments
9.20 Mayfair Insurance
9.20.1 Mayfair Insurance Basic Information
9.20.2 Mayfair Insurance Weather Index-based Insurance Product Overview
9.20.3 Mayfair Insurance Weather Index-based Insurance Product Market Performance
9.20.4 Mayfair Insurance Business Overview
9.20.5 Mayfair Insurance Recent Developments
9.21 Pula Advisors
9.21.1 Pula Advisors Basic Information
9.21.2 Pula Advisors Weather Index-based Insurance Product Overview
9.21.3 Pula Advisors Weather Index-based Insurance Product Market Performance
9.21.4 Pula Advisors Business Overview
9.21.5 Pula Advisors Recent Developments
9.22 CARD-Pioneer Microinsurance
9.22.1 CARD-Pioneer Microinsurance Basic Information
9.22.2 CARD-Pioneer Microinsurance Weather Index-based Insurance Product Overview
9.22.3 CARD-Pioneer Microinsurance Weather Index-based Insurance Product Market Performance
9.22.4 CARD-Pioneer Microinsurance Business Overview
9.22.5 CARD-Pioneer Microinsurance Recent Developments
9.23 Descartes Underwriting
9.23.1 Descartes Underwriting Basic Information
9.23.2 Descartes Underwriting Weather Index-based Insurance Product Overview
9.23.3 Descartes Underwriting Weather Index-based Insurance Product Market Performance
9.23.4 Descartes Underwriting Business Overview
9.23.5 Descartes Underwriting Recent Developments
9.24 Sanasa General Insurance
9.24.1 Sanasa General Insurance Basic Information
9.24.2 Sanasa General Insurance Weather Index-based Insurance Product Overview
9.24.3 Sanasa General Insurance Weather Index-based Insurance Product Market Performance
9.24.4 Sanasa General Insurance Business Overview
9.24.5 Sanasa General Insurance Recent Developments
10 Weather Index-based Insurance Market Forecast by Region
10.1 Global Weather Index-based Insurance Market Size Forecast
10.2 Global Weather Index-based Insurance Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Weather Index-based Insurance Market Size Forecast by Country
10.2.3 Asia Pacific Weather Index-based Insurance Market Size Forecast by Region
10.2.4 South America Weather Index-based Insurance Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Sales of Weather Index-based Insurance by Country
11 Forecast Market by Type and by Application (2026-2035)
11.1 Global Weather Index-based Insurance Market Forecast by Type (2026-2035)
11.1.1 Global Weather Index-based Insurance Market Size Forecast by Type (2026-2035)
11.2 Global Weather Index-based Insurance Market Forecast by Application (2026-2035)
11.2.1 Global Weather Index-based Insurance Market Size (M USD) Forecast by Application (2026-2035)
12 Conclusion and Key Findings
How Do Licenses Work?
Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.