Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

Profits to be made from an early autumn for retailers?

Share

Storm Exchange have just announced the release of their Early Autumn 2008 Weather Risk Outlook (view the full press release here). It’s full of useful forecasts and commentary as usual but one piece stood out to me.

They are forecasting an early start to Autumn this year and say that this is good news for retailers, pleasing for that industry under the current economic climate. Their outlook which ‘combines state-of-the-art atmospheric research technologies with 150 years of historical data to give businesses a risk probability that they can use to measure, monitor, anticipate and manage their climate and weather-related risks’, suggests that for every 1°F that the temperature drops in September sees comparable store sales increase by 50 basis points at specialty apparel and department stores.

Amazing! Statistics like this which are based on scientific data models really demonstrate how weather risk management can help to protect the bottom line!

Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.

Artemis London 2022 - Insurance-linked securities conference in London

Get a ticket soon to ensure you can attend. Secure your place at the event here!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.