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
Weather insurance not lose their investment. Instead, an insurance company will cover those costs based on the size and type of the weather cancellation insurance purchased. Conditional weather insurance gives companies the ability to make promotional sales offers based on the weather; this form of insurance used by businesses and organizations to increase publicity and drive traffic and sales. With conditional weather insurance an organization can run a promotion advertising up to a 100% rebate on all items purchased during a designated promotional period if a particular type and/or volume of weather occurs on a specific day. For example, a retailer could