weather derivatives

Swiss Re have come out as the company behind the Malawi-World Bank weather derivatives deal which I wrote about last week. In a press release on the Swiss Re website they say: Swiss Re announced that it has entered into a weather derivative contract with the International Development Association (IDA), the arm of the World […]

Energy Risk is reporting that Russian Trading Systems FORTS (futures and options market) is planning to launch weather futures in 2009. Development of the contracts is said to be complete but RTS originally announced the launch of these contracts back in 2007 (their website still says coming at the end of 2007) so we wait […]

Paris Re and Marsh have jointly developed a new index-based weather cover for the wind energy sector. The cover was developed under the framework of a study commissioned by the United Nations Environment Programme (UNEP) and the Global Environment Facility (GEF). The study looked at the technical, legal and financial feasibility of implementing weather risk […]

Swiss Re have announced a new partnership to help bring weather derivatives to European companies with CelsiusPro. Swiss Re are providing risk capacity and transfer expertise to support an online platform built by CelsiusPro. Companies can enter into weather derivative contracts online via www.celsiuspro.com. CelsiusPro are claiming that it’s the first time small and medium […]

The effects of weather risk on a countries economy depends on a number of factors including how severe the weather is in that region, how developed the nation is, how much the nation depends on weather sensitive industries such as agriculture and how much they hedge or mitigate those risks. Weatherbill have released a really […]

Priceline, the online travel agent, has been running a promotion (which I blogged about here) on their website which offered a refund should the weather be inclement while a customer is on holiday. Weatherbill provided the structure and derivatives traded backstop for this promotion. Now some figures are emerging from one of the internet measurement […]

Weather risk management has been in the press in the last couple of days thanks to two high profile articles on Weatherbill. Weatherbill has been credited with bringing weather risk management and weather derivatives based products to the masses mainly through the clever use of technology and the internet. This isn’t surprising when you realise […]

itravel2000, the Canadian online travel agent, has been running a promotion since June called Let It Snow. The promotion promises to give customers their qualifying holidays for free if it snows 5 inches or more at Calgary, Halifax, Montreal or Toronto airports on New Years Day, January 1, 2009. It’s been so successful for them […]

The Weather Risk Management Association has made the presentations from it’s recent annual meeting available on it’s website. For those who couldn’t make the meeting here are links directly to the presentations (in MS Powerpoint). Long Term Management of Weather and Other Risks Robert Shiller, Chief Economist, MacroMarkets LLC Parametric Extreme Events Warren Isom, Executive […]

The World Bank has now announced the launch of it’s new scheme to aid poorer nations through the use of weather derivatives. Press release below: WASHINGTON, June 24, 2008 – The World Bank is moving ahead with plans to use the weather derivative market as part of a comprehensive strategy to reduce the impact of […]