SOURCE: Weather Risk Management Association

Weather Risk Management Association

March 03, 2011 16:45 ET

Media Advisory: Weather Risk Management Experts to Discuss How Australian Businesses Can Manage Weather Risk and Protect Revenues

The Weather Risk Management Association's Meeting Will Be Held 9-11 March 2011 in Melbourne

MELBOURNE, AUSTRALIA--(Marketwire - March 3, 2011) - Australian business losses due to the weather have been substantial over the past two to three years. Catastrophic events and day-to-day weather extremes have caused revenues to plummet. Yet Australian companies can fight back against the impact of weather and protect their bottom lines by using weather risk management tools.

Leading weather risk management experts will be discussing strategies for managing weather risk by the power, energy, agriculture and construction industries at the Weather Risk Management Association's (WRMA) 2011 Australian Meeting on 9-11 March 2011 at the Westin Melbourne Hotel at 205 Collins Street, Melbourne.

Highlights of the meeting include:

Australian Climatology: What do the recent events in Australia really mean? Climatologist Hayden Walker from Walker's Weather will discuss the recent Australian weather events and what it means for future weather.

Panels on weather risk strategies for gas and power, agriculture, renewable energy, construction and transportation -- These panels will look at key industries in Australia and how those sectors can benefit from using weather risk management tools.

Predictions for the Weather Market: Trends and Forecasts from International Practitioners -- Weather risk experts will analyse trends in the weather market and how they apply to Australia.

How to set up a weather desk -- This session will give an overview on the accounting, legal, vendor and data issues associated with setting up a weather desk. It's practical advice for companies keen to offset their weather risk.

To view the complete agenda is available at:

We offer complimentary press registration, which will allow you to cover the conference sessions and gain admittance to the opening reception. To register, visit

The following organisations are participating at WRMA's 2011 Australian Meeting: AGL, AgriRisk Services Pty Limited, Allianz Risk Transfer, CelsiusPro, CME Group, Inc., CQ Partners, d-cypha Trade, EDF Trading, ERM Power Ltd., Ernst & Young, Fitch Ratings, Galileo Weather Risk Management Advisors LLC, Henry Davis York, Intelact, ICAP, MDA EarthSat Weather, Munich Re, Nephila Advisors LLC, Pacific Hydro, PCE Investors, Primacy Underwriting Agency, Origin, RenRe, Risk Solutions International, Snowy Hydro Limited, Speedwell Weather Derivatives Ltd., Swiss Reinsurance Company Ltd., TRUenergy, Walker's Weather, The Weather Company, WeatherPro, and Westpac. 

About WRMA
Founded in 1999, WRMA is an international trade organization dedicated to promoting the industry, both to those within it and to end users. The weather risk industry offers companies the opportunity to control their financial exposure to weather conditions. Visit us at

Contact Information

  • Contacts:
    Lauren LeMunyan
    WRMA Executive Director
    +1 202-289-3800
    E-mail: Email Contact

    Shirley Savage
    WRMA PR rep
    +1 207-329-3304
    Email Contact