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The World Bank has announced that it has completed a weather risk contract transaction with Malawi. It’s the first such deal with Malawi and the first time that a member of the International Development Association has been able to access weather risk management instruments through the World Bank. The UK Department of International Development provided […]

Here’s a great article (from Risk & Insurance) explaining the Carvill Hurricane Index and the effect Hurricane Gustav had on the volumes traded. These new products are becoming more accepted as they are easier to understand and access than other areas of alternative risk transfer.