Weather risk management by companies such as Delphi Weather Analytics. The weather risk market makes it possible to manage the financial impact of weather through risk transfer instruments based on a defined weather element, such as temperature, rain, snow, wind, etc. Weather risk management is a way for organizations to limit their financial exposure to disruptive weather events. By making a payment (a "premium") to a separate company that will assume the financial weather risk for them, an organization essentially is buying a type of insurance - the company assuming the risk will pay the buyer a pre-set amount of money which will
Surface weather observation blockage of the instruments by increasing high seas. Climate, (from Ancient Greek "klima") is commonly defined as the weather averaged over a long period of time. The standard averaging period is 30 years for an individual location, but other periods may be used. Climate includes statistics other than the average, such as the magnitudes of day-to-day or year-to-year variations. The Intergovernmental Panel on Climate Change (IPCC) glossary definition is: The main difference between climate and everyday weather is best summarized by the popular phrase "Climate is what you expect, weather is what you get." Over historic time spans there are