weather risk transfer


African Development Bank launches disaster risk facility, ARC to assist

The African Development Bank has announced the launch of a disaster risk facility that will aim to increase the use of climate risk financing and insurance, including parametric risk transfer solutions, for African countries.The African Development Bank (ADB) announced the approval and launch of the Africa Disaster Risks Financing (ADRiFi) read the full article →

Nephila signs up to offer pricing & capacity on weatherXchange

Nephila Climate, the weather and climate risk transfer focused unit of the largest asset manager in insurance and reinsurance linked investments, Nephila Capital, has signed up to provide indicative pricing through the Speedwell Weather run parametric weather risk transfer platform weatherXchange.In providing the indicative pricing for parametric and index-based weather read the full article →

Speedwell’s weatherXchange adds support for pricing of zero premium swaps

Speedwell Weather, a leading service provider to the weather risk management market, has added support for zero premium swaps within its parametric and index-based weather risk transfer platform weatherXchange, with pricing now available for these instruments.Speedwell launched its online technology based weather trading platform weatherXchange just over a year ago, enabling read the full article →

Speedwell’s weatherXchange platform gaining traction

A number of weather risk transfer transactions have been originated and executed thanks to Speedwell Weather's parametric weather risk transfer platform weatherXchange, while requests for pricing of contracts are rising, according to the company.Speedwell Weather, a provider of weather data, forecasting information, analytics, software and consultancy for the weather derivatives read the full article →

African Risk Capacity & UN partner to expand climate risk insurance access

The African Risk Capacity (ARC), an organisation providing parametric sovereign disaster risk insurance and resilience building support to African nations, has entered into a partnership with the United Nations Economic Commission for Africa (ECA) aiming to increase uptake and coverage of climate risk insurance in the region.The African Risk Capacity read the full article →

CelsiusPro & Aon Benfield renew partnership on weather risk transfer

Swiss headquartered weather index insurance and parametric risk transfer specialist CelsiusPro AG and reinsurance broker Aon Benfield have renewed their existing partnership that sees the pair working together to deliver weather risk transfer solutions to Aon clients.CelsiusPro and Aon Benfield have been working together on parametric weather risk transfer since read the full article →

weatherXchange launches instant pricing for parametric weather insurance

Speedwell Weather owned parametric weather risk transfer platform weatherXchange has launched instant indicative pricing for index-based weather insurance and derivative contracts sold on its technology platform, aiming to streamline pricing and quoting of weather hedging.weatherXchange said that its Instantaneous Indicative Pricing service, which will be available through a number of read the full article →

Speedwell seeks to automate weather risk transfer pricing

Automating the pricing process for parametric weather risk transfer or weather hedging contracts is an ambitious goal, but Speedwell Weather feels it has achieved that with the latest release of its now 15-year-old weather derivative pricing and risk management software, which it has connected to its weatherXchange platform.Speedwell Weather, a read the full article →

AXA Global Parametrics to offer capacity through weatherXchange

AXA Global Parametrics, the unit of insurer AXA that focuses on providing clients with parametric insurance underwriting and risk transfer solutions, is to begin offering its capacity as a protection seller through the Speedwell Weather owned parametric weather risk transfer platform weatherXchange.Speedwell launched weatherXchange earlier this year, as an online read the full article →

Weather risk the biggest threat to wind energy sector

Weather risk due to a lack of wind, or resource risk as its known in the sector, is the major threat to wind energy markets and wind farm operators, with the inability to transfer the weather risk adequately often leading to sub-par project performance, according to specialists GCube Underwriting Ltd. read the full article →