Weather risk management

Weather risk management involves strategies and practices designed to mitigate the financial impact of adverse weather conditions on businesses, industries, or economies. It encompasses a range of activities that help organizations identify, quantify, and manage risks associated with weather variability, such as extreme temperatures, precipitation, storms, and other meteorological events. Key components of weather risk management include: 1. **Risk Assessment**: Identifying the specific weather-related risks that could affect an organization’s operations, supply chain, or financial performance.