Since their first introduction in 1996, weather derivatives have been a topic of discussion. The ongoing climate change …

Weather derivatives are contingent claims with payoff based on a pre-specified weather index. Firms exposed to weather … risk can transfer it to financial markets via weather derivatives. We develop a utility-based model for pricing baskets of … weather derivatives under default risk on the issuer side in over-the-counter markets. In our model, agents maximise the …

claims, a weather derivative has an underlying measure, such as: rainfall, wind, snow or temperature. Nearly $1 trillion of …, and will provide strategies for effectively hedging against weather-related risk. This book will link the mathematical …The weather derivatives market -- Introduction to Stochastic Calculus -- Handling the data -- Pricing approaches of …