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Meteo Protect and BNP Paribas launch innovative solutions for weather risk management

BNP Paribas Meteo protect

Meteo Protect, the European leader in weather risk management, has entered into a strategic partnership with BNP Paribas to offer BNP Paribas’s corporate and institutional clients a complete range of weather risk financial management solutions.

Meteo Protect and BNP Paribas today launched a unique and comprehensive range of financial risk management solutions for BNP Paribas corporate and institutional clients. As a result of this alliance, BNP Paribas is the first bank in France to allow its clients to put in place effective financial solutions to manage their exposure to the increasing risk of adverse weather conditions.

BNP Paribas customers may now also access consulting services to assess and manage their weather risks. Meteo Protect’s team of meteorologists, climatologists, quantitative analysts and actuaries will provide BNP Paribas’s customers the means to manage volume, yield and price risks.

“Thanks to this alliance, clients of BNP Paribas whose activity is affected by the weather at any point along the supply chain may now cover against increased costs, offset declines in turnover, or limit the volatility of their financial results from one year to the next,” says Dr. Jean-Louis Bertrand, Director of Research and Development of Meteo Protect.

“This exclusive partnership allows our customers to analyze and better understand their exposure to changing weather. This approach is fully in line with our purpose to serve our clients better by offering innovative services to support the growth of their business in a sustainable manner, “says Mr. Frédéric Rochoux, Head of Business Development Business in Retail Banking in France of BNP Paribas.