Japanese newspaper the Yomiuri Shimbun report that Japan Insurance Co. has started to see weather insurance products which refund the full value of travel costs should it rain or snow more than a certain amount at a customers destination within Japan.
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At this time of year retailers all over the world are hoping it doesn’t snow. If you’re a UK retailer you may be a little disappointed and be glancing up at the sky nervously. Why? Well there’s a chance you’re running a weather refund promotion which means you could be literally giving your products away […]
Finding ways to smooth your revenue stream whatever the weather is becoming easier with more types of weather risk transfer and weather insurance products available than ever before. Finding ways to refund your customers if the weather’s bad and not lose out yourself is increasing in popularity too it seems.
Environmental Finance reports that Nikon cameras in Switzerland are utilising the services of weather risk management firm CelsiusPro AG to offer camera buyers in Switzerland a refund should the weather turn bad over a defined period over the Easter holidays.
Lufthansa, the German airline, is the latest travel company to offer a refund for inclement weather while travellers are abroad. They’re the first airline to offer this, previously this type of weather risk deal has only been offered by tour operators and companies offering accommodation. So, essentially weather refund deals like this are designed to […]
Aon France has brokered a weather refund protection insurance scheme for two French travel agencies. The scheme provides customers of holiday groups Pierre et Vacances and FranceLoc with the ability to claim back the cost of part of their trip should it rain at least four days out of a week while they are away. […]
Weather refund promotions and weather insurance are common these days, holidays, festivals and retail outlets are all offering money back or discounts if the weather is inclement. Sporting events seem like a natural avenue for the weather risk management companies to venture down. However, consider football (soccer for anyone in the U.S.). In the UK […]
You may have seen a press release on the Artemis news page today discussing the iTravel2000 ‘Let It Snow’ weather refund promotion backed by weather risk firm Weatherbill. The promotion promised to refund customers who booked a holiday in a defined period if a certain amount of snow fell on set locations in Canada on […]
Weather refund promotions backed by weather insurance and derivatives appear to be all the rage at the moment. The latest one to come to light is a promotion from Knar Jewellery called ‘Let it Snow‘. The promotion, being run for their 30th anniversary of business, offers a refund to anyone who bought a product in […]
Weatherbill have published a great paper looking at their recent weather refund promotions in more detail. We’ve written about some of their deals in the past; the recent Rain Check deal with Sunquest Vacations, Sunshine Guaranteed for Priceline.com, Let It Snow for iTravel2000 and their deal guaranteeing the weather at the Wimbledon tennis tournament. All […]