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2008 Benchmark Study of Corporate Weather Risk Management Practices

Published by: Storm Exchange, Inc.

Published: Jul. 10, 2008 - 71 Pages


Table of Contents


Introduction

Executive summary

Perceived impacts, exposures and concerns about the weather

Coming to grips with weather risk

What executives say about weather risk

How US companies are preparing to deal with weather risk

Use of available market solutions

What executives say about protecting their companies from weather risk

What executives say about reducing company income, expenses and operational costs to weather risk

Customer profiles for weather risk services 5

Appendix

Abstract

While corporate America has a keen new focus on risk in general and climate change in particular, when it comes to managing the financial impacts of day-to-day weather, many suffer from a blind spot that leaves corporate bottom lines vulnerable to otherwise manageable risk.

To gain a better understanding of weather risk best practices among corporations, the CME Group and Storm Exchange commissioned a national benchmark study of 205 senior-level executives. The study represents the largest and most comprehensive research survey of its kind among U.S. and Canadian corporations.

The report provides: benchmarks of corporate weather risk practices (who uses what services, why they use them or why not); details of current and anticipated corporate usage levels of market solutions to manage weather risk; market-sizing information for weather derivatives, forecasting services, media/data/analytical tools and training services and psychographic buyer profiles. Industries profiled include: Energy, Agriculture,

Retail, and Outdoor Entertainment. Executives interviewed include Presidents, CFOs, Treasurers, Risk Managers

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