Provides a highly accessible and complete coverage of weather risk management as seen from the perspective of practitioners, consultants and academics.
• Introduces the non-specialist reader to the essentials of weather risk transfer including the market, instruments and insurance and derivative strategies currently employed by those in the industry regarding weather and climate forecasting, climate variability and data cleaning and enhancement
• You will discover the numerous ways in which the weather affects business and quickly learn how to apply this knowledge to protect your interests
• You will also appreciate the increasing importance of this expanding field that is fuelled by the ongoing growth in the range and diversity of available weather-indexed insurance and derivatives
• Advanced readers will benefit from the more complex issues presented including building weather derivative pricing and risk models, managing derivative portfolios, forecasting and measuring weather risk, weather note securitisation and weather risk management in developing countries
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