Climate Hazard Administration Affiliation.


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Climate Hazard Administration Affiliation. Joe Connor Aquila, Inc. www.wrma.org. WRMA. Exchange affiliation whose individuals have practical experience in giving answers for oversee introduction to climate dangers.
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Climate Risk Management Association Joe Connor Aquila, Inc. www.wrma.org

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WRMA Trade affiliation whose individuals spend significant time in giving answers for oversee presentation to climate dangers. Our individuals offer climate hazard security as protection and climate subsidiaries , to keep organizations from retaining the budgetary weight of unforgiving climate designs.

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GOALS Develop standard routines for operation and systems for the climate exchanging business sector Facilitate the development of an in number and dynamic climate exchanging industry Address discriminating issues that influence the business Educate buyers whose organizations are influenced by the climate

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What is Weather Risk? Monetary benefit or misfortune because of progress in climate conditions over a period hours, days, or months.

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What is a Weather Derivative? Hazard administration device used to balance out yearly incomes that generally may be influenced by serious changes in climate (temperature, snowfall, precipitation, wind) Based on dependable and precise wellsprings of climate information, e.g., National Oceanic & Atmospheric Administration (NOAA).

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Benefits of Weather Derivatives Stabilize Revenue Control Pricing and Volume Risk Enhance budgetary portfolios Weather Conditions turn into an advantage as opposed to an obligation

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Energy and Utility Agriculture Financial foundations Transportation Entertainment What Industries Use Weather Derivatives?

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Who are our individuals? Aquila Element Reinsurance Holdings Axia Energy Industrial Bank of Japan PricewaterhouseCoopers

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Geographic Areas Covered

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Current Trends Market Size 8 Billion

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El Nino/La Nina The SOI (Southern Oscillation Index) and the Nino SSTA Indices (Sea Surface Temperature Anomalies) have a high connection to a mixed bag of worldwide climate sways. ENSO Indices are utilized as pointers of the compelling occasions that are regularly alluded to as El Nino and La Nina.

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Weather Risk Management Association Valerie Bergman Cooper, CAE Executive Director vcooper@kellenco.com www.wrma.org

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Global Climate Impacts of El Nino & La Nina

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What is an El Nino? Typical Year Warm sea temperatures north of Australia Converging winds lead to overwhelming Precipitation El Nino Year Ocean temperatures warm in the Eastern Pacific Ocean Wind examples move eastbound Descending winds lead to exceptionally dry conditions over Australia

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