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CelsiusPro
CelsiusPro AG is a Swiss company specialized in structuring and originating tailored weather index products worldwide. Using a proprietary platform, CelsiusPro enables online price calculation, execution and position reporting as well as weather statistics and analysis. It is predominantly active in the primary weather market offering corporate hedges to companies from weather dependent industries such as: energy, construction, agriculture, tourism and leisure, events and transportation. In addition, CelsiusPro structures and implements micro weather index schemes in developing countries. It is the winner of the 2009 Swiss Insurance Industry award for Innovation.Swiss Insurance Industry Award for Innovation CelsiusPro has a strategic partnership with [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weather Derivatives
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to reduce risk associated with adverse or unexpected weather conditions. Weather derivatives are index-based instruments that usually use observed weather data at a weather station to create an index on which a payout can be based. This index could be total rainfall over a relevant period—which may be of relevance for a hydro-generation business—or the number where the minimum temperature falls below zero which might be relevant for a farmer protecting against frost damage. As is the case with parametric weather insurance, there is no proof of loss provision. Unlike "indemnity" insurance-based cover, there is no need to demonstrate that a loss has been suffered, however an indemnity insurance policy for weather is a rarely utilized instrument. Settlement is objective, based on the final value of the chosen weather index over the chosen period. If ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stefan Lippe
Stefan Lippe (11 October 1955 – 27 March 2020), was a German insurance manager. He was the CEO of Swiss Re from 2009 to 2012 when Michel M. Liès succeeded him as Swiss Re's Group Chief Executive Officer. Career Lippe was born in Mannheim. He studied mathematics and economics at the University of Mannheim and graduated in 1982. He then was a research assistant at the Chair of actuarial science at the University of Mannheim. For his dissertation he was awarded the Prize of the Kurt Hamann, Kurt-Hamann-Foundation. In October 1983, he joined Bavarian Re (Munich), a subsidiary of Swiss Re. In 1986, he became head of the underwriting department, non-proportional business. In 1988, he was appointed a deputy member of the Management Board. In 1991, he took on overall responsibility for the activities of the company in German-speaking countries and was appointed as full member of the Management Board. In 1993, he was appointed Chairman of the Executive Board of Bavarian Re and in 1995, h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weather Risk Management
Weather risk management is a type of risk management done by organizations to address potential financial losses caused by unusual weather. Overview Energy, agriculture, transportation, construction, municipalities, school districts, travel, food processors, retail sales and real estate are all examples of industries whose operations and profits can be significantly affected by the weather. Unexpected weather events can cause significant financial losses. For example, unusually mild winters diminish consumer demand for heating and erode the profit margins for utility companies. Weather information and forecasts utilized in risk management decision making is often referred to as meteorological intelligence and offered by companies such as Metswift. The weather risk market makes it possible to manage the financial impact of weather through risk transfer instruments based on a defined weather element, such as temperature, rain, snow, wind, etc. Weather risk management is a way for o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Storm Exchange
A storm is any disturbed state of the natural environment or the atmosphere of an Astronomy, astronomical body. It may be marked by significant disruptions to normal conditions such as strong wind, tornadoes, hail, thunder and lightning (a thunderstorm), heavy Precipitation (meteorology), precipitation (snowstorm, rainstorm), heavy freezing rain (ice storm), strong winds (tropical cyclone, windstorm), wind transporting some Chemical substance, substance through the Earth's atmosphere, atmosphere such as in a dust storm, among other forms of severe weather. Storms have the potential to harm lives and property via storm surge, heavy rain or snow causing flooding or road impassibility, lightning, wildfires, and vertical and horizontal wind shear. Systems with significant rainfall and duration help alleviate drought in places they move through. Heavy snowfall can allow special recreational activities to take place which would not be possible otherwise, such as skiing and snowmobilin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Zürich
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Of Switzerland
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Oceanic And Atmospheric Administration
The National Oceanic and Atmospheric Administration (abbreviated as NOAA ) is an United States scientific and regulatory agency within the United States Department of Commerce that forecasts weather, monitors oceanic and atmospheric conditions, charts the seas, conducts deep sea exploration, and manages fishing and protection of marine mammals and endangered species in the U.S. exclusive economic zone. Purpose and function NOAA's specific roles include: * ''Supplying Environmental Information Products''. NOAA supplies to its customers and partners information pertaining to the state of the oceans and the atmosphere, such as weather warnings and forecasts via the National Weather Service. NOAA's information services extend as well to climate, ecosystems, and commerce. * ''Providing Environmental Stewardship Services''. NOAA is a steward of U.S. coastal and marine environments. In coordination with federal, state, local, tribal and international authorities, NOAA manages the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CME Group
CME Group Inc. (Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, The Commodity Exchange) is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes and cryptocurrencies futures. The company offers futures contracts and options on futures using its CME Globex trading platforms, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates a central counterparty clearing provider, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana. The company has been described by ''The Economist'' as, "The biggest financial exchange you have never heard of". In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weather Insurance
Weather insurance insures against weather variations. There are two insurable types of weather insurance: conditional weather insurance and weather cancellation insurance. Weather cancellation insurance Weather cancellation insurance reduces an organization’s risk in planning an outdoor event. When a company or organization is holding a concert, running a special event, having a sale, or executing any form of outdoor activity and the weather prevents that activity from taking place, the organization risks losing whatever money that has been invested in the planning, organization, marketing and operation of the event. Weather cancellation insurance ensures that if inclement weather does occur, the organization will not lose their investment. Instead, an insurance company will cover those costs based on the size and type of the weather cancellation insurance purchased. Conditional weather insurance Conditional weather insurance gives companies the ability to make promotional ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weather Station
A weather station is a facility, either on land or sea, with instruments and equipment for measuring atmospheric conditions to provide information for weather forecasts and to study the weather and climate. The measurements taken include temperature, atmospheric pressure, humidity, wind speed, wind direction, and precipitation amounts. Wind measurements are taken with as few other obstructions as possible, while temperature and humidity measurements are kept free from direct solar radiation, or insolation. Manual observations are taken at least once daily, while automated measurements are taken at least once an hour. Weather conditions out at sea are taken by ships and buoys, which measure slightly different meteorological quantities such as sea surface temperature (SST), wave height, and wave period. Drifting weather buoys outnumber their moored versions by a significant amount. Weather instruments Typical weather stations have the following instruments: * Thermomete ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Re
Swiss Reinsurance Company Ltd, Swiss Re. Retrieved on 18 January 2011. "Swiss Reinsurance Company Ltd ("Swiss Re") .. and "Swiss Reinsurance Company Ltd, Mythenquai 50/60, 8022 Zurich, Switzerland ("Swiss Re" Disclosure notification in accordance with Article 20 of the Swiss Stock Exchange Act " Swiss Re. 2 August 2007. Retrieved on 18 January 2011. "Die Schweizerische Rückversicherungs-Gesellschaft (Swiss Re) teilt mit, .. commonly known as Swiss Re, is a |
