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
/ref> 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 Swiss ReInsurance Journal, Partnership with Swiss Re
/ref> for risk management and risk transfer since inception. Aon Benfield is CelsiusPro’s strategic partner for weather sensitivity analyses and reinsurance solutions for weather dependent insurance portfolios. CelsiusPro partners with a number of financial institutions to provide their clients with weather risk solutions, pricing and execution services under a fully branded white label partnership solution and offers introducing

broker A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...

partnerships. Among others, it is the main partner for

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 ...

solutions for the Dutch construction association ''Bouwend Nederland''.Bouwend Nederland partnership
/ref>
CelsiusPro has also supported a research paper of the University of Sankt Gallen (CH) on weather risks in the energy sector.White Paper: Offenlegung von Wetterrisiken in der Energiebranche
In September 2023, it was announced CelsiusPro had acquired the

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

-headquartered Natural Disaster Fund and risk capacity pool managers, Global Parametrics.

Weather Index Products

The weather index products such as OTC

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 instr ...

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 ...

contracts, are based on climatic indices for underlyings such as temperature, rain, snow, wind and radiation for weather stations across Europe, Australia, Canada and the US. The price calculations and settlements are based on measurements of official national

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 tempera ...

s or satellite data.

Weather Index Products

References

Further reading