Weather risk management and weather derivatives trading news

An archive of all of our news articles on the topic of weather risk management. This chronological archive includes every article on Artemis related to weather derivatives, weather swaps, weather refund promotions, weather insurance and general weather risk management and risk transfer. For the latest news and full coverage visit the homepage.

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Live webcast: The Power of Parametric Solutions for Climate Resilience

The Weather Risk Management Association (WRMA) and Artemis have partnered to host a live webcast on April 29th 2021 to discuss the role of parametric solutions in supporting climate resilience. The event will feature senior leaders from across the weather risk management and re/insurance space. Register online here to secure your read the full article →

Speedwell formalises global parametric tropical cyclone settlements

Speedwell Group, a long-time specialist service provider to the weather risk management and parametric risk transfer market, has formalised its tropical cyclone risk related settlement services, providing further options for those looking to structure cat-in-a-box or similar parametric wind insurance, reinsurance or swap deals. Speedwell said it has received significant demand read the full article →

Arbol hires Guo from GC Securities as Chief Insurance Officer

Arbol, the provider of marketplace technology supporting parametric risk transfer and weather insurance, utilising smart contracts, has made a key hire, bringing onboard Hong Guo from GC Securities as its Chief Insurance Officer. Hong Guo joins Arbol as Executive Vice President and Chief Insurance Officer and will lead all insurance related read the full article →

Arbol taps machinery sensors for parametric crop insurance triggers

Arbol, the provider of marketplace technology supporting parametric risk transfer or weather insurance and that utilises smart contracts, has provided the backing for a new crop yield cover whose parametric triggers are based on the throughput measured by machinery sensors. The use of sensor technology in creating new parametric risk transfer, read the full article →

Parametric crop-yield risk transfer product launched by Praedictus & Speedwell

A new parametric crop-yield risk transfer solution has been launched by Praedictus Climate Solutions in partnership with The Speedwell Group. Praedictus Croplock offers an index-based solution for managing crop yield risk, with parametric triggers designed to match the predicted output for crops. The solution makes use of proprietary crop yield modelling techniques read the full article →

Basis risk an issue, but parametric drought risk transfer to expand: Survey

Quality and availability of data is seen as vitally important by insurance and reinsurance market players interested in covering drought related risks, as they seek to reduce basis risk in offerings, a survey from VanderSat has found. Dutch satellite technology firm VanderSat teamed up with AgroInsurance, an agricultural insurance industry knowledge hub, read the full article →

Arbol raises $7m Series A for parametric weather risk platform

Arbol, Inc., the marketplace technology provider that supports parametric risk transfer or weather insurance and utilises smart contracts, has raised a $7 million Series A funding round to help grow its business. Arbol said that the Series A was oversubscribed and completed at much higher valuation from its initial seed funding read the full article →

Nephila & AGCS back innovative solar project weather risk transfer

Nephila Climate, the climate solutions are of ILS fund manager Nephila Capital, and the Capital Solutions unit of Allianz Global Corporate & Specialty (AGCS), have again come together to provide a risk transfer solution to support a renewable energy project construction financing. It's the first time a so-called proxy generation Power read the full article →

Where possible, climate risk must be explicitly baked into models: Prospectus 2021

As vendor catastrophe models and elevated annual losses show that secondary perils have grown in prevalence for the re/insurance and insurance-linked securities (ILS) markets, climate risk needs to be explicitly baked in, according to Kelly Hereid, Director, Catastrophe Research & Development, Liberty Mutual Insurance. On day four of Prospectus 2021, the read the full article →

MSI GuaranteedWeather develops dual-trigger weather derivative

MSI GuaranteedWeather, LLC, a weather risk transfer focused subsidiary of MS&AD's Mitsui Sumitomo Insurance Co., Ltd. (MSI), has developed a dual-trigger weather derivative product to help a renewable energy producer hedge the effects of two weather variables at the same time. In its first-use case, the dual-trigger weather derivative has been read the full article →