weather derivatives

Earlier today I was reading a press release from Planalytics which discusses a deal they’ve struck to provide weather data services to a large ice cream manufacturer, Dreyer’s Grand Ice Cream, Inc. Planalytics will be providing Dreyer’s with access to data through their Weather Driven Demand (WDD) indices. Dreyer’s will be able to identify where […]

The results of the most recent annual survey by the Weather Risk Management Association and Pricewaterhouse Coopers have been released at the WRMA conference yesterday. Here are some of the highlights of the report which covered the period April 1st to March 31st. Volume of contracts exchanged, both in OTC and exchange traded deals plummeted to […]

The founders and management team of Galileo Weather have Risk Management Advisors LLC have made an agreement to buy the company from the White Mountains Insurance Group. Galileo Weather was originally set up as the weather and contingent risk arm of White Mountains with much of it’s principals and management team coming from the old […]

The 2009 Atlantic hurricane season is due to start on the 1st June. As if to prove the unpredictability of the weather, Mother Nature has chosen to start things a little early this year and the first tropical depression of the season has formed off the east coast U.S. The storm is currently carrying winds […]

I spotted an interesting press release on the website of GE Energy today which I thought relevant to our readership. It discusses a partnership between GE Energy and WSI Corporation which will offer more accurate forecasting tools to owners and operators of wind farms and their transmission or distribution partners. Technology will be developed to […]

…Although it helps when you’re only 165 square miles in area. The Barbados Tourism Authority has become the latest travel related organisation to utilise Weatherbill’s coverage to offer a weather guarantee to holiday makers and visitors to their island. As with all of these deals the idea is to stimulate bookings by attracting people to […]

Weatherbill have completed a novel weather insurance cover for the organisers of Belgium’s largest outdoor culinary festival. Taste of Antwerp, in it’s fifth year, takes place in August. It’s essentially a food festival at which renowned chefs and caterers provide the entertainment in the form of small plates of their food to the thousands who […]

There’s an interesting story in the Hindustan Times today which discusses the effect of climate change on the insurance companies who’ve started to offer weather insurance cover to farmers and small businesses in India. The story explans that despite being bullish about the new products when they were launched, confidence is waning as the insurance […]

WeatherBill has announced a first in the weather derivative and weather insurance marketplace with the release of a new platform WeatherBill White Label. The white label solution offers a completely bespoke platform that can power third party branded weather insurance and weather derivative programs. The platform automates weather coverage pricing, transaction processing, and risk management […]

Weatherbill have announced another of their Sunshine Guaranteed weather refund promotion deals. The latest deal is with the destination marketing organisation for Victoria, British Columbia; Tourism Victoria. The deal offers customers who book a vacation through Tourism Victoria for travel during April a $500 cash-back refund should they experience more than 1.25cm of rain in […]