The definitive guide to the rapidly expanding weather risk management market. The US Department of Commerce estimates that nearly 10% of the US's $9 trillion GDP is exposed to weather risk. All over the world providers and end users are recognizing this fact and are turning their attention to ways of protecting against or taking advantage of changes in the weather. The market is expected to expand rapidly and is one of the fastest areas of growth in the financial arena.

Written by a team from Element Re, a pioneering group formerly with Enron who helped create the weather derivative market. Edited by ERIK BANKS, also of Element Re and formerly with Merrill Lynch, author of numerous texts on the derivatives and credit markets for Macmillan.