Smart About Risk
 

Weather risk

Economic results of many companies are directly impacted by weather development. In a lot of cases the impacts on economic results are negative. As a result, their risk management system should include measuring and (if possible) also management of weather risk.

Services offered in the area of measurement and management of weather risk:

  • defining requirements for data base which can be used for weather risk calculation;
  • creating a model of dependency of production, sales, sales proceeds and profit volumes on weather development;
  • creating of methodology for weather risk measurement;
  • verification of weather risk measurement system;
  • identification of possible methods of weather risk management;
  • creation of proposed form of comprehensive reporting;
  • organizing a specialized workshop for weather risk management for employees of individual departments.