Climate Risk and the Weather Market: Financial Risk Management with Weather Hedges - Hardcover

Dischel, Robert S

Hardcover

ISBN 10: 1899332529 ISBN 13: 9781899332526

Publisher: Risk Books, 2002

Synopsis

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.

About this title

Review

"This edited collection is the bible on weather derivatives. Its 17 chapters are closely integrated, well written and sophisticated. They provide in-depth coverage of all aspects of the weather derivatives market. Case studies are enlightening. Quantitative discussions are sophisticated without being overly technical. Historical perspectives provide valuable context. The outlook is international." Glyn Holton, Contingency Analysis

About the Author

Dr Robert S. Dischel, is currently the president of the Weather Market Observer, a weather risk consulting venture in New York City. Bob gained his financial quantitative skills working in the capital markets for almost two decades, resulting in a position as a managing director in the Portfolio department of a multi-billion dollar US insurer. Before his work in the Capital Markets, Bob was a university professor. Bob is a frequent speaker at weather risk, energy and financial conferences, and has published several articles on weather risk practices. He is certified by the American Meteorological Society as a Consulting Meteorologist, and is a member of the National Council of Industrial Meteorologists in the US. Bob earned a PhD in oceanography from New York University in 1975.

Edition details

• Publisher: Risk Books
• Publication date: 2002
• Language: English
• ISBN 10: 1899332529
• ISBN 13: 9781899332526
• Binding: Hardcover
• Number of pages: 300