weather derivatives

It’s two years since the Chicago Mercantile Exchange (CME) launched its snowfall derivative contracts giving market participants a way to hedge the risks of there being too much snowfall and that impacting their business and profits. The snowfall contracts have been gaining traction and increasing interest especially since the recent snow storms have struck the […]

According to an article in the Insurance Times, the UK insurance news source, a report by AA Insurance shows that insurers are increasing their home insurance premiums in order to increase their reserves to protect against growing weather related insurance claims.

Every few months we see an article in the press which shows that weather risk management techniques and the options available to hedge against bad weather conditions are not widely understood by business owners and the general public. In this example the organiser of a festival in New Zealand is discussing how rainfall can affect […]

It’s becoming easier all the time to manage your weather risks from the comfort of your sofa thanks to the launch of a number of weather risk management tools and services which allow customers to customise and purchase weather risk protection (be that weather insurance or weather derivatives) online.

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 […]

WeatherPro, an Australian based weather risk specialist (subsidiary of European firm CelsiusPro and partner of Swiss Re) is to pay out more than AU$2m to Australian farmers whose crops were damaged by La Niña induced flooding, according to Australian farming news source The Land.

Reading the news lately you would be forgiven for thinking that the weather risk management industry isn’t doing enough to promote its services. Recently there have been many items in the press discussing loss of earnings due to inclement weather and as we all know this should be avoidable now that you can smooth your […]

The UK has been gripped by snow and ice for the last week or more. It’s been the earliest major snowfall disruption for many years and some are saying is a sign of the winter to come. Transport has been severely disrupted and businesses are now counting the losses caused by non-attendance of staff and […]

Natural gas suppliers receive a lot of bad press in Europe, particularly in the UK, over rising prices and supply issues. Wholesale gas prices have been on the rise for a number of years and those price rises are always passed on to the consumer. A Reuters article got us thinking that perhaps it need […]

Dutch construction and infrastructure companies exposed to financial risks associated with continued delay due to extreme weather such as frost, heat or rain can now use an innovative weather cover to protect their assets. Bouwend Nederland, weather risk specialist CelsiusPro, reinsurer Swiss Re, insurance brokers Aon Risk Solutions, and Meeus have jointly developed a new […]