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.