Weather Risk Management

Share

Orbital Micro Systems targets enhanced weather insights for re/insurance & ILS

More granular and higher resolution satellite data from earth observations are set to improve weather and catastrophe event insights for the insurance, reinsurance and insurance-linked securities (ILS) industry, according to the CEO of Orbital Micro Systems.Orbital Micro Systems is a specialist in technology and data for space applications, with expertise read the full article →

Climate risk data needs linking to insurance & risk-transfer process

Climate risk data should be linked to the insurance, reinsurance and risk transfer process through the use of technology and risk models, placing it and financial products at the heart of climate adaptation and resilience efforts.A new background paper from academics and insurance sector specialists highlights the importance of continued read the full article →

New York’s climate change bill sets stage for risk transfer

New York state has seen new legislation on climate change adaptation making rapid progress through lawmaking channels and the Climate Leadership and Community Protection Act includes signs that risk transfer is on the agenda.New York has been hailed as taking the lead on climate change related issues with its "green read the full article →

Weather risk transfer profile rising in Australia: Risk Solutions International

Awareness of the benefits of weather risk transfer is growing in Australia and transactions like the recent long-term GrainCorp weather hedge is challenging the perceptions of agriculture-focused public companies, according to brokerage, Risk Solutions International Pty Ltd (RSI).Formed in Melbourne, Australia in 1997, Risk Solutions International Pty Ltd (RSI) is read the full article →

Climate risk transfer an opportunity for product design innovation: Greg Lowe, Aon

The growing pressure on corporations to take greater responsibility for the climate related risks and exposures they carry could present an opportunity for insurance and reinsurance market participants to demonstrate innovation in product design, according to Aon's Greg Lowe.Greg Lowe, the Head of Resilience & Sustainability at insurance and reinsurance read the full article →

Cost, efficiency, product & unbundling vital to protection gap initiatives

Public and private market efforts and collaboration to narrow or even close the insurance protection gap need to be accelerated and uptake of risk transfer needs to be extended, according to Chairman of AXA Denis Duverne.Speaking at an Insurance Development Forum (IDF) day held at the International Insurance Society (IIS) read the full article →

Bank of England to mainstream climate risk management, encourage disclosure

The Bank of England has committed to action in support of an orderly transition to a carbon neutral economy for the United Kingdom, seeking to "mainstream climate risk management" in the financial sector and encourage broad disclosure of climate-related risks.The Bank wants the UK's financial sector to "support the transition read the full article →

GrainCorp gets 10-year drought protection with help of Aon’s White Rock

GrainCorp, the giant Australian agribusiness, has secured a 10-year risk transfer arrangement that will protect it against the impacts of grain production variability, particularly from drought.The company one of the world's largest agricultural businesses specialised in grain and other commodity receivership, storage and transportation.Given its areas of specialism, GrainCorp holds read the full article →

Nephila worked with Allianz on GrainCorp weather risk hedging

Nephila Capital, the world's largest asset manager of insurance-linked securities (ILS) and other catastrophe or weather linked reinsurance instruments, was involved in work to help Australian agribusiness GrainCorp.GrainCorp is among the largest agricultural businesses that has specialised in grain and other commodity receivership, storage and transportation.As a result, the company read the full article →

TP ICAP expands into weather derivatives broking with Ernst hires

TP ICAP group, the world’s largest interdealer broker, has a new offering of weather derivatives, having hired two experienced weather risk market professionals in Nicholas and Eric Ernst.ICAP Energy LLC, which is the energy and commodities focused division of TP ICAP has hired the pair to run a new ICAP read the full article →