Systemic weather risk is a major obstacle for the formation of private (non- subsidized) crop insurance. This paper … explores the possibility of spatial diversification of insurance by estimating the joint occurrence of unfavorable weather … dependencies between multivariate random variables. The estimation procedure is applied to weather data in Germany. Our results …

It is an undisputed fact that weather risk increases over time due to climate change. However, qualification of this … statement with regard to the type of weather risk and geographical location is needed. We investigate the application of novel … statistical tools for assessing changes in weather risk over time. We apply local t-test, change point tests and Mann-Kendall test …

The supply of affordable crop insurance is hampered by the existence of systemic weather risk which results in large … risk premiums. In this article, we assess the systemic nature of weather risk for 17 agricultural production regions in … the weather index and the strike level of the insurance. Our findings are relevant for insurers and insurance regulators …

-stage Heckman procedure. Using 37 years of spatial and temporal information on weather and fire records in Southern California, this …, offering a technique to predict and forecast wildfire occurrences based on weather information that is readily available at low …

Weather influences our daily lives and choices and has an enormous impact on cooperate revenues and earnings. Weather … derivatives differ from most derivatives in that the underlying weather cannot be traded and their market is relatively illiquid …. The weather derivative market is therefore incomplete. This paper implements a pricing methodology for weather derivatives …

dynamic behavior of temperatures (further used for pricing weather derivatives), implied volatilities and risk patterns and …