Weather Risk Management Ecosystem
Weather Risk Management is the practice of businesses or individuals to effectively assess and minimize financial losses caused by varying weather elements through avoidance, retention, and/or risk transfer.

WEATHER RISK MANAGEMENT ECOSYSTEM
OBSERVATIONS, FORECASTS, RESEARCH (EDUCATION, SCIENCES, and SERVICES): World Meteorological Organization, National Centers, Governments
DERIVATIVES:
FINANCIAL HEDGES/REVENUE STABILIZATION
Combination of Weather, Commodities, or Both (Quantos)
Designed/Managed to Optimize Costs and/or Protect Profits
SECURITIZATION/INSURANCE:
PURE WEATHER INDEX INSURANCE
Parametric with Varying Attachments
CROP INSURANCE
Price & Volume (Revenue)
Traditional Multi-Peril Crop Insurance and Index
INSURANCE LINKED SECURITIES/CATASTROPHE BONDS
Indemnity, Industry Index, or Parametric Triggers
CATASTROPHE INSURANCE
Indemnity Property & Casualty, Business Interruption, Travel Interruption, etc.
ADVISORY:
WEATHER/CLIMATE RESILIENCE
Engineering, Land-Use, Regulation, Disaster Recovery, etc.
PUBLIC FORECASTING/CONSULTING
National Weather Service - Equivalent Offices
Advisories, Alerts, Warnings
Protects Lives and Property
PRIVATE FORECASTING/CONSULTING
Customer & Industry Centric
Tools and Content for Decision Making
COMMODITIZATION:
WEATHER FUTURES/OPTIONS TRADING
Volumetric Hedging
WEATHER INFORMATION INFLUENCES COMMODITY EXECUTION/DECISIONS
Energy & Agriculture - Futures & Options