France’s National Union of Potato Producers Launches Meteo Protect’s Weather Insurance Platform

The National Union of Potato Producers (UNPT) of France this week launched Meteo Protect’s dedicated weather insurance platform in order to provide its members resiliency against climate related risks. With the platform, adherents of the UNPT can access fully customized index-based weather insurance to respond to the growing risks associated with weather variability affecting the industry.

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Meteo Protect accelerates growth with new offices

New office expansion for its Paris Headquarters enables Meteo Protect to accommodate its accelerated market growth as the leading provider of weather risk solutions

Meteo Protect, the leading provider of weather risk management solutions, recently opened its new corporate headquarters in Paris. The move was necessary to accommodate its rapid growth across Europe and Latin America, and to facilitate its market expansion in the next two business quarters to North America.

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How spinach shortage reminds us of mounting consequences of climate change

It’s enough to make Popeye give up all hope of winning Olive Oyl’s heart. With Spain’s spinach crops nearly wiped out due to heavy rains and retailers unable to maintain their stocks, could this be the superfood crisis that leads consumers to wake up to the increasing effects of climate change in their day-to-day regimes? At the same time, could these be a great green reminder to businesses and investors of the extent of weather risks in their portfolios? Whether you take them canned like Popeye or in a smoothie like Deliciously Ella, spinach may be bringing attention to the weather risks and mitigation strategies managers need to consider today.

“I’m strong to the finish, ‘cause I eats me spinach,” famously sang Popeye the Sailor Man. Romantics and comic book enthusiasts everywhere may shudder at the idea of Popeye losing out on his one true love, Olive Oyl, due to a spinach shortage. Not to mention the millions of New Year’s Resolutions foiled by grocery stores not being stocked with the makings of a good green smoothie. Yet, this January, this is exactly the predicament facing British health fiends and Popeye wannabes, as the nation relies on Spain for 80 per cent of its spinach supply during winter months.

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Meteo Protect announced as Best Broker for Weather Risks in Europe

2016 Environmental Finance Annual Market Rankings

Meteo Protect, the European leader in weather risk management, has won the 2016 Environmental Finance Market Rankings, being awarded the title of Best Broker for Weather Risks in Europe.

Meteo Protect has been announced as the winner of the Environmental Finance Market Rankings for 2016.

The Rankings are the largest and most closely watched poll of sentiment across the carbon, renewable energy certificates, weather risk and catastrophe risk markets.

“We are delighted to see Meteo Protect recognized as Best Broker for Weather Risks,” says Gabriel Gross, President and CEO, Meteo Protect. “Clients are more and more demanding; they want more refined structures, as bespoke as possible and the complexity of what we do is increasing. It is only limited by our own speed to come up with new innovations.”

Meteo Protect has been recognized for its work for businesses affected by weather variability, in increased costs of production or distribution, lost sales, or other effects along the supply chain. Meteo Protect provides clients with insurance policies and customized price quotes based on a set of individual parameters, using a web-based underwriting and pricing platform for providing completely customized insurance for any weather-related risk.

“There is bullish sentiment across many of the markets we cover in our Rankings, which is pleasing because some of the markets have weathered some very tough times in recent years,” said Environmental Finance editor Peter Cripps. “In fact, many participants are hopeful that markets are now ready to take-off, boosted by strong policy signals such as COP21 and Obama’s Clean Power Plan.”

Winners of the Environmental Finance Market Ranking are selected by votes from clients and other market participants, who judge that they had provided the best service over the past 12 months.