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Weather Risk Management

Weather Risk Management

Name: Weather Risk Management
Brand: Risk Books
SKU: 9781904339687
Price: 1937.50 HKD
Availability: OutOfStock
Author: Kenny Tang
ISBN: 9781904339687

By Kenny Tang

Risk Books March 2010

Specifications

ISBN-13: 9781904339687
Publisher: Risk Books
Publication: March 2010
Format: Paperback
Jurisdiction: International ? Countri(es) for reference only

Details

Demand for weather risk management tools – futures, derivatives and insurance – continues to be strong worldwide especially with the entry of a whole range of players including weather hedge funds.

Weather is the single most important factor in influencing price volatility, volume fluctuations and revenues for an estimated 80% of global business activity. In effect, weather risk is becoming just as important as interest rate risk and exchange rate risk in its affect on your business revenues and bottom line.

Furthermore disaster hedging by developing nations is set to be a human success story of the 21st century in the weather derivatives arena. Poor countries are actively employing these tools (with the help of aid agencies and multilateral organizations) to protect themselves from drought-induced malaise and to facilitate agricultural insurance to their farmers.

Weather Risk Management brings together a collection of experts on the subject to look at this changing area, the strategies and innovations and features detailed studies on agriculture and energy.

SECTION 1: INTRODUCTION

Introduction to Weather Risk Management

Kenny Tang

Oxbridge Weather Capital

Living in Interesting Times - Critical Risks and Risk Management

Scott Foster

Nomad Energy Consulting

SECTION 2: WEATHER RISK MANAGEMENT AND HEDGING STRATEGIES

Evolution of Weather Derivatives and Contract Types

Pablo Triana

The Development of the Weather Derivatives Market in India

Janani Akhilandeswari

Centre for Insurance and Risk Management

Weather Derivatives and Insurance: Critical Legal Distinctions

Andrea Kramer

McDermott Will & Emery

SECTION 3: SECTOR STUDIES IN AGRICULTURE AND ENERGY

Index Insurance for Agriculture in Developing Countries: Moving Beyond Pilots

Erin Bryla and Joanna Syroka

The World Bank; United Nations World Food Programme

Rainfall Insurance in Semi-Arid India: Contract Design, Household Participation and Future Prospects

Xavier Giné, Robert Townsend, James Vickery

The World Bank; MIT Economics Department; Federal Reserve Bank of New York

Preparing for a rainy day: Weather-based financial risk management solutions for the agricultural markets

Sandeep Ramachandran

Swiss Re

Managing combined weather and price risk for the energy industry - hedging considerations

Thomas Kamman

Swiss Re

SECTION 4: INNOVATIONS IN RISK MANAGEMENT

Genuine Alpha, Perfect Security - Reaffirming ILS Rationales

Morton Lane

Lane Financial LLC

Managing Catastrophic Risk - Beyond Cat Bonds

Steve E Smith

Willis Re

CERVO: Community Early Recovery Voucher Scheme for Catastrophic Weather Disaster Hedging

Ulrich Hess, Niels Balzer, Sandro Calmanti, Michael Portegies-Zwart

United Nations World Food Programme

Managing weather risk in a changing climate – opportunities from the developing science

Matt Huddleston

Met Office

About the Author

Kenny Tang

Kenny Tang is founder and chief executive officer of Oxbridge Capital and Oxbridge Weather Capital, leading experts in the waste, weather, low carbon, clean tech and climate change space. Kenny has postgraduate degrees from Jesus College at the Universities of Oxford and Cambridge, including a Doctorate in business administration (business strategy) from the Judge Business School. He is the Inaugural Professorial Fellow of The Future Leadership Institute (Wall Street Journal Europe).

Dubbed as Asia’s Al Gore by leading global investment bank Merrill Lynch Asia Pacific and global strategy magazine Strategic Direction, Kenny has written on sustainability, climate change, clean tech, waste and green entrepreneurship for the Financial Times and Wall Street Journal. He is on the board of governors at the University of East London and also a visiting fellow/adjunct professor teaching on the world’s first MBA in strategic carbon management at the Norwich Business School (University of East Anglia).

He sits on the Global Judging Panel of the Wall Street Journal’s Technology Innovation Awards and the Asian Wall Street Journal’s Asian Innovation Awards. He is a Chartered Financial Analyst (CFA) charter holder from the CFA Institute.

Reviews

“Dr Tang’s book about weather risk management and weather-linked products and instruments which would complement traditional equity and debt investments, should prove interesting to financial services practitioners.

Weather finance is set to be an important tool in the mitigation of risk. He sets out an interesting future where governments may hedge against catastrophic weather to tackle harvest failures.

I am sure that this book will contribute to the debate about how financial markets can be used to tackle and mitigate the impacts of climate change and weather risks”.

Alderman Nick Anstee

The Rt. Hon the Lord Mayor of London

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