Articles | Volume 21, issue 8
Nat. Hazards Earth Syst. Sci., 21, 2379–2405, 2021
https://doi.org/10.5194/nhess-21-2379-2021

Special issue: Groundbreaking technologies, big data, and innovation for...

Nat. Hazards Earth Syst. Sci., 21, 2379–2405, 2021
https://doi.org/10.5194/nhess-21-2379-2021

Research article 11 Aug 2021

Research article | 11 Aug 2021

The potential of machine learning for weather index insurance

Luigi Cesarini et al.

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Short summary
Weather index insurance is an innovative program used to manage the risk associated with natural disasters, providing instantaneous financial support to the insured party. This paper proposes a methodology that exploits the power of machine learning to identify extreme events for which a payout from the insurance could be delivered. The improvements achieved using these algorithms are an encouraging step forward in the promotion and implementation of this insurance instrument.
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