CelsiusPro in the press

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16.11.2012 Financial Times
How to . . . make money from the weather

The ravaging of the east coast of the US by Hurricane Sandy last month highlighted the devastating impact of weather-related disasters. In addition to leaving more than 100 people dead, the storm is expected to rank among the eight costliest in the US, with estimated costs to insurers of between $10bn-$20bn.
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08.11.2012 ELVIA Press Release
ELVIA Wetterversicherung neu auf Touronline

Ab Freitag, 9. November 2012, können Policen für die ELVIA Wetterversicherung neu auch über das Buchungssystem Touronline abgeschlossen werden.
Link to full Press Release
29.10.2012 Presseinformation Leu Energie & Technik
Schnee am Nikolaustag?

Leu Energie & Technik schenkt 200,- Euro auf jede Heizöl- bzw. Holzpelletsbestellung im Aktionszeitraum vom 29.10. – 20.11.2012. Voraussetzung hierfür sind mindestens 8 cm Neuschnee am Nikolaustag.
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Link to Website
02.10.2012 Australasian Leisure Management
Guarding outdoor attractions, entertainment and events agains adverse weather

CelsiusPro is Australia's first-ever provider of weather certificates to industries vulnerable to adverse weather – with the outdoor attractions, entertainment and events sector one of the key areas of speciality for the Australian company.
Link to full Article / Link to online Article
03.09.2012 Country Leader
Weather risk in the wind

A leading economist and weather risk expert says farmers in many parts of Australia will suffer from drier weather conditions forecast to last until October if they don’t take steps to protect themselves. Rural economies and food prices are expected to suffer as a consequence.
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30.08.2012 The Murray Valley Standard
Guard against weather

Economist Jonathan Barratt said adverse weather conditions this year have cost the Australian agricultural market hundreds of millions of dollars in lost production and undercapacity.
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29.08.2012 The Yea Chronicle
Take steps to protect in drier months

Nationally recognized economist and media commentator Jonathan Barratt, CEO of online weather assurance broker CelsiusPro Australia, Australia’s first provider of weather certificates explained that adverse weather conditions have this year cost the Australian agricultural market hundreds of millions on lost production and undercapacity.
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28.08.2012 The Murray Pioneer
Local farmer’s weather fallback

…“With a drier period forecasted for south-east, central and north-eastern Australia, and central WA up to October, weather volatility is on the increase,” Mr Barratt said. “Any losses on the farm have a flow-on effect downstream to the whole rural economy, and to consumers buying groceries in supermarkets. “In the coming months, corn, soy and wheat are all expected to see local price increases due to the US drought.
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16.07.2012 Allianz Global Risk Press Release
ELVIA Wetterversicherung – Ein Regenschirm fürs Ferien-geld

Mit ihrem neuesten Produkt, der ELVIA Wetterversicherung, bietet Allianz Global As-sistance in Zusammenarbeit mit CelsiusPro ab sofort Schutz vor schlechtem Ferien-wetter. Dem Versicherungsnehmer werden ab dem zweiten Regentag 100 Franken für jeden Tag schlechtes Wetter erstattet.
Link to full Press Release
16.07.2012 CelsiusPro Press Release
CelsiusPro & Allianz Global Assistance Weather Insurance: Refund for Rainy Days during Holidays

Weather risk management specialist CelsiusPro and insurance provider Allianz Global Assistance are launching a weather insurance which offers payouts for rainy days during holidays.
Link to full Press Release
16.07.2012 CelsiusPro Medienmitteilung
Wetterversicherung: CelsiusPro & Allianz Global Assistance lassen Urlauber nicht im Regen stehen

Der Schweizer Wetterrisikomanagement Spezialist CelsiusPro AG und der Versicherungsanbieter Allianz Global Assistance starten eine Partnerschaft damit Urlauber nicht mehr im Regen stehen. Mittels einer Wetterversicherung erhalten Reisende eine Auszahlung für Regentage am Urlaubsort.
Link to full Press Release
12.07.2012 De Standaard
Dweilen met de kraan open

Het slechte weer is geen goed nieuws voor de festivalgangers, maar evenmin voor de organisatoren. Zij wapenen zich zo goed als dat kan, maar misschien is het tijd om écht nieuwe oplossingen te zoeken.
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Link to online Article
24.05.2012 WRMA press release
WRMA appoints new officers and board members for 2012-2013

The Weather Risk Management Association (WRMA) has appointed a new Board of Directors and elected officers to lead and counsel the organization in 2012 and 2013. Elected for two-year terms to the Board of Directors were Richard Betts of E.ON; Jens Boening of EDF Trading; Marty Malinow of Galileo; Mark Rueegg of CelsiusPro; Dan Tomlinson of Allianz and David Whitehead of Speedwell.
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20.05.2012 Business Reporter, Sunday Telegraph
Cloudy with a chance of loss

Weather derivatives are an increasingly popular way for businesses to insure against bad weather and limit the effect on revenue. Despite impressive advances in technology, nobody can control the weather. We can predict the weather short-term, but cannot prevent it from happening. This frustrates many business owners for whom the weather plays a major role in determining revenue.
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Link to online Article
10.05.2012 Creativity and Innovation Management
Towards Systematic Business Model Innovation: Lessons from Product Innovation Management

Although business model innovations are decisive for a company's long-term success or failure, they are still poorly understood compared to product innovations. Thus, their execution is imperfectly supported, and their organizational accountability is insufficiently regulated. In this paper, we systematically investigate similarities and differences between product and business model innovation to assess the potential of transferring insights and best practices.
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Link to online Article
30.04.2012 Materials Risk
Weather risk: Mother Nature is a hot commodity

Around a quarter of the annual economic output of the US, 37% of Germany and 45% of China is sensitive to the weather (see report). The profitability and revenues of virtually every business, from agriculture to energy and entertainment to construction, business survival and prosperity pivots to a greater of less extent on the vagaries of temperature, rainfall and wind. As climate change results in increasingly varied and extreme weather we explore what options are open to businesses (large and small) to manage this important and rising risk.
Link to full Article
/ Link to Materials Risk website
26.04.2012 Zürcher Oberländer
Versicherung gegen zu viel Nass

Immer mehr Veranstalter von Open Airs versichern sich gegen schlechtes Wetter. Die Zürcher Firma Celsius Pro bietet dafür ein kreatives Geschäftsmodell.
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21.03.2012 IE Magazine: The business of international events
Come rain, come shine?

Unless you’re a James Bond villain, nobody can control the weather. We all know that the success of many events, especially if outdoors, highly depends on favorable weather conditions. It seems that organizers can only hope for the best, but aren’t there more professional solutions to control weather risk than keeping your fingers crossed and praying for some sun?
Link to full Article

Link to IE magazine online
01.03.2012 Financial Advisor
When mother nature strikes

Day to day, season by season, weather changes can impact a company’s bottom line. And it need not be a calamity like Japan’s Fukushima disaster. A retailer selling coats is at risk if the winter turns out warmer than usual. An unusually cold winter can affect shopping centers if management contracted for, say, ten snow removals when 25 were needed.
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Link to online Article
10.02.2012 20 Minuten
Eiszeit auf den Schweizer Baustellen

von Elisabeth Rizzi - Die klirrende Kälte legt Baustellen lahm. Bei manchen Bauunternehmen sind 80 Prozent der Baustellen stillgelegt. Die Arbeiter liegen jetzt an der Sonne – wie jedes Jahr.
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04.02.2012 The Economist
Weather derivatives: Come rain or shine

WEARING lots of layers and a decent waterproof coat is one way to guard against changeable weather. Firms facing losses because of a big freeze or baking sun do not have that option. Insurance companies have long offered cover against flooding, hurricanes and other catastrophes. For less calamitous changes in the weather, derivatives are a better option.
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01.02.2012 Boer en Business
Goed beschermd tegen weerextremen

Akkerbouwer Kees Deijkers: Met zijn weersverzekering voor regenoverlast stopt hij. Nadat de akkerbouwer met zijn weersverzekering wederom buiten de criteria voor schade valt, zoekt hij een andere manier om de schade te compenseren. Hij sluit dit jaar op www.weerrisico.nl een regencertificaat af.
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01.02.2012 Welt Online
Klamme Kommunen wetten auf Wintertemperaturen

Deutschland zittert und bibbert. Das weckt Erinnerungen an die vergangenen beiden Winter, als Schnee und Frost in vielen Städten und Kommunen die Salzdepots leer räumten und die Kosten für den Winterdienst explodierten. Das war in Großbritannien ähnlich: Einige Kommunen gaben mehr als doppelt so viel wie ursprünglich geplant für ihren Winterdienst aus.
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27.01.2012 The Guardian
Hedging on roads: councils bet on icy weather

As Britain prepares this weekend for a Siberian blast, councils across the country will be anxiously checking their betting slips. The increasing cost of keeping roads open during harsh winter weather has forced councils to make spread bets to offset the risk of big financial losses. Weather derivatives – financial contracts that pay out in cases of extreme weather – are being actively tested by councils across the country.
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Jan/Feb 2012 CNBC Business
Stratospheric profits

From farmers to fashion houses, from advertisers to airlines, weather affects the bottom line of numerous industries worldwide. Indeed, more than a third of US economic growth is linked to weather conditions, according to figures from the Department of Commerce. A colder-than-expected winter, say, will directly impact how much fuel will be burnt to heat homes, how fast crops will grow and how much consumers will spend on goods.
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01.01.2012 De Actuaris
Weerderivaten als bescherming tegen tegenvallende resultaten

In het vorige nummer van de Actuaris konden we lezen dat goede weersvoorspellingen commerciële waarde hebben en dat er steeds meer nieuwe toepassingen voor weermodellen gevonden worden. Met dit nog in ons achterhoofd, bedachten we op de redactie dat het interessant zou zijn om het weer vanuit een financiële invalshoek te benaderen en zo kwamen we terecht bij CelsiusPro, een bedrijf dat gespecialiseerd is in de verkoop van individuele weercertificaten.
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