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The Evolution Roadmap of Celestial
Across Celestial's Versions
Celestial envisions versions that expand beyond weather-based triggers, integrating real-time data, advanced customisation, and seamless access to third-party risk models. Celestial’s roadmap (Celestial 2.0 to 4.0) emphasises scalability and global adaptability, positioning it as a comprehensive insurance solution across various parametric indices and loss scenarios.
Celestial Versions 1.0 to 4.0
Celestial 1.0
Celestial 1.0
Celestial 1.0
Foundation as a Parametric Insurance Platform
Current Status: Celestial operates as a parametric insurance technology provider, delivering custom insurance solutions to renewable energy companies, based on specific weather triggers.
Value Proposition: Provide targeted risk management and reduced operational downtime by offering parametric i
Foundation as a Parametric Insurance Platform
Current Status: Celestial operates as a parametric insurance technology provider, delivering custom insurance solutions to renewable energy companies, based on specific weather triggers.
Value Proposition: Provide targeted risk management and reduced operational downtime by offering parametric insurance for climate-related events affecting renewable energy generation.
Vision: Simplify parametric insurance for climate-related risks.
Mission: Enable easy, customisable, weather-based parametric insurance with clear payout triggers and risk thresholds.
Features: Basic weather coverage like rain, frost, heat; data partnerships with weather stations.
Celestial 2.0
Celestial 1.0
Celestial 1.0
Expansion to Parametric Insurance Marketplace
Objective: Evolve into a marketplace where energy producers and insurers can seamlessly connect, facilitating transparent, data-driven parametric insurance offerings tailored to various climate risks.
Value Proposition: Enable real-time monitoring, policy selection, and claims settlement for ren
Expansion to Parametric Insurance Marketplace
Objective: Evolve into a marketplace where energy producers and insurers can seamlessly connect, facilitating transparent, data-driven parametric insurance offerings tailored to various climate risks.
Value Proposition: Enable real-time monitoring, policy selection, and claims settlement for renewable energy operators, creating a trusted marketplace for climate-based risk transfer.
Vision: Broaden coverage to diverse indices beyond climate.
Mission: Equip clients with extensive parametric options, expanding coverage and thresholds.
Features: Wind, solar indices, flood triggers; regional customisation options; access to advanced data providers.
Celestial 3.0
Celestial 1.0
Celestial 3.0
Direct-to-Client (Re)Insurance Platform
Objective: Introduce a direct-to-client model allowing renewable energy companies to directly purchase and customise (re)insurance solutions based on operational data and environmental risks.
Value Proposition: Streamline insurance processes by eliminating intermediaries, offering direct access to pol
Direct-to-Client (Re)Insurance Platform
Objective: Introduce a direct-to-client model allowing renewable energy companies to directly purchase and customise (re)insurance solutions based on operational data and environmental risks.
Value Proposition: Streamline insurance processes by eliminating intermediaries, offering direct access to policies and real-time risk analytics to enhance transparency and cost-efficiency for clients.
Vision: Become an analytics-rich PaaS supporting dynamic client interactions.
Mission: Enhance policyholder engagement through real-time monitoring, integrating IoT and satellite data.
Features: IoT, satellite-based triggers; predictive analytics to anticipate claim events; dynamic thresholds and payouts.
Celestial 4.0
Celestial 1.0
Celestial 3.0
Comprehensive Insurance Platform as a Service (PaaS)
Objective: Become a fully integrated (re)insurance PaaS that offers end-to-end solutions, from risk assessment and policy customisation to claims automation, supported by advanced AI and IoT-driven insights.
Value Proposition: Provide renewable companies with a holistic risk management pl
Comprehensive Insurance Platform as a Service (PaaS)
Objective: Become a fully integrated (re)insurance PaaS that offers end-to-end solutions, from risk assessment and policy customisation to claims automation, supported by advanced AI and IoT-driven insights.
Value Proposition: Provide renewable companies with a holistic risk management platform that ensures optimal coverage across geographies, maximises operational uptime, and offers AI-driven insights for proactive risk mitigation.
Vision: Establish Celestial as a fully embedded parametric PaaS for global (re)insurers and direct clients.
Mission: Redefine (re)insurance with full automation, direct-client interaction, and broad industry applications.
Features: Direct (re)insurance for clients; automated claims processing; custom model marketplace for various industries and geographies.
Get Celestial NOW!
AI-powered parametric insurance that provides fast, accurate, customised, transparent, real-time financial protection against extreme heat, floods, and droughts. Real-time data automatically triggers payouts when pre-defined weather thresholds are reached, ensuring fast and fair compensation for affected farmers or businesses.
Why Choose Celestial?
Celestial’s cutting-edge AI algorithms eliminate the delays in traditional claims processes, offering immediate financial relief, reducing operational losses, and enhancing business resilience in unpredictable environments.