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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] |
Alternative Risk Transfer
Alternative risk transfer (often referred to as ART) is the use of techniques other than traditional insurance and reinsurance to provide risk-bearing entities with coverage or protection. The field of alternative risk transfer grew out of a series of insurance capacity crises in the 1970s through 1990s that drove purchasers of traditional coverage to seek more robust ways to buy protection. Most of these techniques permit investors in the capital markets to take a more direct role in providing insurance and reinsurance protection, and as such the broad field of alternative risk transfer is said to be bringing about a convergence of insurance and financial markets. Areas of activity A major sector of alternative risk transfer activity is risk securitization including catastrophe bonds and reinsurance sidecars. Standardization and trading of risk in non-indemnity form is another area of alternative risk transfer and includes Industry Loss Warranty, industry loss warranties. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WeatherNews
Weather news, Weather News, Weathernews, and WeatherNews may refer to: * The Weather Channel * AccuWeather Network * Sky News Weather Channel * WeatherNation TV WeatherNation TV (branded on-air as simply WeatherNation) is an American broadcast, digital streaming, cable, and satellite television network owned by WeatherNation, Inc, a subsidiary of Performance One Media and ultimately owned by Robert J. ... * Weathernews LiVE {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weather Derivative
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. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MeteoGroup
MeteoGroup was a private weather forecasting organisation based in Europe, with offices in Belgium, Canada, France, Germany, Ireland, Italy, the Netherlands, the Philippines, Poland, Singapore, Spain, Sweden, Switzerland, Turkey, the United Kingdom, and the United States. MeteoGroup provided weather information to markets that included transport, marine, agriculture, energy and the media. MeteoGroup had a portfolio of weather apps: WeatherPro, MeteoEarth and Magical Weather. In 2013, MeteoGroup was acquired by General Atlantic. In 2018, MeteoGroup was acquired by TBG AG. In November 2019, MeteoGroup was integrated into US weather services company DTN (also owned by TBG). History In 1986, Meteo Consult B.V, was set up in the Netherlands by Harry Otten, a Dutch TV weather presenter. It was one of the first European private-sector weather businesses. At that time, the Royal Netherlands Meteorological Institute dominated all the Dutch markets and access by private companies t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EDF Energy
EDF Energy is a British integrated energy company, wholly owned by the French state-owned EDF (Électricité de France), with operations spanning electricity generation and the sale of natural gas and electricity to homes and businesses throughout the United Kingdom. It employs 11,717 people, and handles 5.22 million business and residential customer accounts. History EDF Energy Customers (trading as EDF) is wholly owned by the French state owned EDF (Électricité de France) and was formed in January 2002, following the acquisition and mergers of SEEBOARD plc (formerly the South Eastern Electricity Board), London Electricity plc (formerly the London Electricity Board or LEB), SWEB Energy plc (formerly the South Western Electricity Board) and two coal fired power stations and a combined cycle gas turbine power station. In 2009, EDF took control of the nuclear generator in the United Kingdom, British Energy, buying share capital from the government. This made EDF one of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dupont Pioneer
Pioneer Hi-Bred International, Inc. is a U.S.-based producer of seeds for agriculture. They are a major producer of genetically modified organisms (GMOs), including genetically modified crops with insect and herbicide resistance. As of 2019, Pioneer is a wholly owned subsidiary of Corteva Agriscience. History In 1926, farm journal editor and future U.S. Vice President Henry A. Wallace, along with a group of Des Moines, Iowa businessmen, founded the Hi-Bred Corn Company. Wallace had been experimenting with hybridization of corn and became convinced that hybrid seed corn would become important. Timeline *1924 Henry Wallace begins selling 'Copper Cross', an early commercial hybrid seed corn. *1926 Hi-Bred Corn Company is founded in Des Moines, Iowa, with $7,000 in capital. *1931 Roswell Garst agrees to produce/distribute seed. The following year Garst partners with Charles Thomas to form the Garst and Thomas Seed Corn Company. *1935 "Pioneer" was added to the name of the compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Climate Corporation
The Climate Corporation is a digital agriculture company that examines weather, soil and field data to help farmers determine potential yield-limiting factors in their fields. History The company was founded as WeatherBill in 2006 by two former Google employees, David Friedberg and Siraj Khaliq. The company began as a startup focused on helping people and businesses manage and adapt to climate change, by providing weather insurance to ski resorts, large event venues, and farmers. In 2010, it decided to focus exclusively on agriculture, and launched the Total Weather Insurance Product in fall 2010 for corn and soybeans. In late 2010 and early 2011, SV Angel invested in WeatherBill's Series B. On October 11, 2011, WeatherBill changed its name to The Climate Corporation. In June 2013, the U.S. Department of Agriculture's Risk Management Agency authorized the Climate Corporation to administer federal crop insurance policies for the 2014 crop year. In October 2013, Monsanto annou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
