| Time taken in a traditional cover | Time taken in an automated tool | |
|---|---|---|
| Solar irradiation data generation | ||
| 2–3hours manual work to generate datasets or high costs for outsourcing | <1 minuteto have the data at sight in the e-platform | |
| Coverage structure | ||
| 1–3 daysfor coverage design | Tailor made coverage structure options available <5 minutes | |
| Quotation | ||
| 1–2 daysto obtain reinsurer’s quotation | Instant quotation available <5 minutesfrom the time of data input completion | |
| Reinsurance acceptance | ||
| 1–2 daysof waiting for reinsurer acceptance | Acceptance certificate within a single clickafter the final T&Cs are confirmed | |
| Payout report | ||
| 1–3 daysto manually generate compensation report per policy | Single clickreport generation post annual power production value calculation | |
Source: Swiss Re Institute