- Innovative solution delivers automated financial relief, boosting resilience and cash flow for farmers affected by extreme weather conditions.
CNH Capital together with BNP Paribas Leasing Solutions, and in collaboration with Shepherd Compello and Swiss Re, today announced the launch of an innovative Parametric Service designed to offer a new level of financial security to agriculture customers across Europe.
HOW THE PARAMETRIC SERVICE WORKS
Unlike insurance, which often requires lengthy assessments, this new service is built on transparency and speed. It is a contractual parametric service integrated directly into CNH Capital’s financing agreements and is designed to mitigate the financial cost of machine "non-use" during periods of extreme weather.
- Parameter-Driven: the service is activated automatically when pre-agreed weather triggers - based on the intensity and duration of excess rain or drought - are met, as measured by independent, verifiable data satellite sources.
- Automatic Reimbursement (no claim required): since the payout is triggered by objective weather data rather than physical damage to the machine, the customer does not need to submit documentation or undergo a complex claims process.
- Financial Support: upon activation, the customer automatically receives a reimbursement equivalent to one monthly installment (per year). This provides a cash flow injection exactly when adverse weather disrupts their operations.
The service begins its phased rollout this month, starting in Spain, with a plan for broader European availability throughout 2026.
EXECUTIVE PERSPECTIVES ON THE PARTNERSHIP
This initiative builds on Swiss Re's parametric experience, leverages Shepherd Compello’s specialized risk expertise to further strengthen the 25-year Joint Venture between CNH Capital and BNP Paribas Leasing Solutions.
Elias Mendes, Head of CNH Capital in EMEA, states: “This partnership is a testament to our unwavering commitment to the sustainability and operational resilience of our customers in Europe. Agriculture is increasingly impacted by climate volatility, and this service provides a simple, immediate financial safety net. By leveraging our long-standing Joint Venture with BNP Paribas Leasing Solutions and working with Shepherd Compello and Swiss Re, we have embedded innovation directly into our financing, ensuring our customers have the flexibility to manage external risks.”
Stefania Mancuso, Business Developer Officer at Shepherd Compello, adds: “Our primary goal was to design a responsive risk transfer mechanism that prevents the risk of traditional approaches. The parametric model is the future of climate risk management because it is driven by independent, verifiable data. This system provides certainty and automatic liquidity when weather conditions prevent farmers from using their equipment, ensuring they can focus on recovery rather than bureaucracy.”
Florence Roussel Pollet, CEO for the JV in BNP Paribas Leasing Solutions, comments: “Integrating this service seamlessly into the equipment financing offer enhances the value proposition we bring to the market. It represents a new milestone in our 25-year partnership with CNH Capital, demonstrating how financial services can evolve to properly address the customers’ needs and here manage climate risks and support the essential activities of the agricultural sector. Our collaboration reinforces our commitment to financial innovation and as a result to the long-term success of our mutual customers.”
Gianni Biason, Senior Underwriter Special Risks at Swiss Re, concludes: "We're pleased to have worked together to design an innovative solution that will deliver real value to farmers in Spain facing more frequent weather risks. The cooperation with CNH Capital, Shepherd Compello and BNP Paribas Leasing Solutions is a strong example of how we work with our partners to bring parametric solutions to the market, while creating a scalable model that can be replicated across countries."
ABOUT THE PARTNERS
CNH Capital is the captive financial provider for the CNH family of brands, specializing in agricultural and construction equipment and technologies. CNH Capital supports customers and dealers with a dedicated suite of financial solutions through various wholly owned subsidiaries, joint ventures, and vendor programs around the world. www.cnhcapital.com
Shepherd Compello is a specialized Lloyd’s insurance broker focused on innovative risk management and bespoke insurance solutions for corporate clients globally. They specialize in creating data-driven parametric solutions that address modern environmental and operational challenges. www.shepherdcompello.com
BNP Paribas Leasing Solutions offers capital-efficient business equipment financing in key sectors including agriculture, construction, transportation, and green tech. As part of the BNP Paribas Group, it supports the transition to a low-carbon circular economy through market expertise and asset know-how. www.leasingsolutions.bnpparibas.com
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. Swiss Re has a Centre of Competence for parametric insurance and feature tens of years of experience in both parametric insurance and reinsurance. www.swissre.com
Madrid, February 2, 2026