ENFR Start with your trigger

Service · trigger audit · from EUR 6,000

A second opinion on your trigger before you sign, renew or pay.

A fixed scope, about two weeks, and a written answer to one question: does this index pay when it should, and only then? The same format covers index design and feasibility for a new peril.

Start with your trigger See prices

What I check

Four things, each with a finding you can act on.

01

Backtest

The index rerun over every season the data allows, against documented losses where they exist.

02

Basis risk

Missed events, false payouts, and the gap between index severity and real damage.

03

Data sources

Latency, known defects, licence terms, and whether a fallback source is written in.

04

Wording to code

Does the code compute what the policy says, including edge cases and rounding?

An example finding

La Réunion: the trigger catches most bleaching years, and pays in some it shouldn’t.

Over 2009 to 2024 the Degree Heating Weeks index caught 5 of the 6 documented bleaching years and missed 2015. It also paid in 2009 and 2018, with no documented mass bleaching. That gap is basis risk, and an audit puts a number on it before money moves.

Read the La Réunion report

Saint-Leu peak 13.6 °C-weeks
T1 · 3.40 → 25% T2 · 6.80 → 60% T3 · 10.2 → 100% 2009 · T1 2016 · T2 2017 · T1 2018 · T1 2019 · T3 2021 · T2
Saint-Leu, La Réunion. Weekly Degree Heating Weeks, 2009 to 2024. Ladder 3.4 / 6.8 / 10.2 °C-weeks pays 25% / 60% / 100%.
La Réunion, peak heat stress per season, 2013 to 2024
La Réunion, highest peak DHW of the reef sectors per season, 2013 to 2024. One cell = 2.5 DHW (°C-weeks); the line is the 3.4 DHW tier-1 trigger; amber cells reached it. NOAA Coral Reef Watch 5 km, backtest on public data.

How the two weeks run

From your documents to a written verdict.

  1. Day 1

    Kick-off

    Policy wording, term sheet, index spec and any code you have. One hour call.

  2. Days 2 to 7

    Rebuild and backtest

    I rebuild the index independently from the named data and rerun it over the full record.

  3. Days 8 to 9

    Findings

    Basis-risk numbers, data issues and wording-to-code gaps, each ranked by what it would cost you.

  4. Day 10

    Report and call

    A written report, the code I used, and a call to walk through it.

If the audit finds the trigger is sound, the report says so plainly. Fixed-price work: 30 to 50% on signature. Engineering and calculation, not actuarial sign-off.

Scope an audit