Weather Risk Management: Markets, Products, And Applications
Author: Erik Banks, Element Re
Publisher: Palgrave MacMillan
Release Date: November 07, 2001
The definitive guide to the rapidly expanding weather risk management market. The US Department of Commerce estimates that nearly 10% of the US's $9 trillion GDP is exposed to weather risk. All over the world providers and end users are recognizing this fact and are turning their attention to ways of protecting against or taking advantage of changes in the weather. The market is expected to expand rapidly and is one of the fastest areas of growth in the financial arena.