Testimonials
The business success of some popular destinations is strongly weather dependent. On rainy days, visitors simply stay away. We have decided to hedge our weather related risk with CelsiusPro Rain Day Certificates and are very pleased with the effective and simple solution."
- Christoph Seiler, CFO, Jungfrau Bahnen, Interlaken, Switzerland
"As a well known Australian commodity broker, we were glad to have established a White Labeling Partnership with CelsiusPro which allowed us to participate in the growing weather risk management market. Our clients of the farming community greatly appreciated our products enabling them to hedge weather related risk. The introduction of the products in our portfolio in 2010 turned out to be very successful."
- Jonathan Barratt, CEO, Commodity Broking Services, Sydney, Australia
"CelsiusPro Rain Day certificates gave us the ideal the opportunity to hedge ourselves against adverse weather. Especially during summer holidays we experience a weather risk for which CelsiusPro offers flexible solutions"
- Michael Mack, Strategic Business Development & Park Operation, Europa-Park, Rust, Germany
"The heart of the Festival del Film Locarno is the Piazza Grande - one of the biggest and more charming open air cinemas in Europe. However, the greatest location just does not do when then weather is not right. Hence, we have decided to hedge our weather risk with CelsiusPro Rain Day Certificates. Of course this won't change the weather itself but at least it helps with the financials."
- Marco Cacciamognaga, COO, Locarno Film Festival, Locarno, Switzerland
"As the largest construction association in the Netherlands we are interested in offering construction companies smart solutions and benefits. When we started offering our members weather certificates to protect themselves against frost and rainy days it turned out to be a massive success."
- Roeland Contzé, Manager Ledenvoordelen, Bouwend, Zoetermeer, Nederland
"Weekends and holiday seasons are most crucial to us. If the weather is bad, our guests stay away and our financials will be negatively affected. Weather certificates are thus an ideal solution to us to minimize weather risk and to receive an automatic payout when the defined weather parameters are met."
- Robert M. George, Executive Vice President, Zoo New England, Boston, USA
"Weather certificates offer the opportunity to close costs and to set a budget. Used as a part of a wider seasonal risk management plan, they will fit well with cash-flow ensuring that the quality of frontline services is upheld. I firmly believe that weather derivatives will become an increasingly important phenomenon, protecting against the impact of weather events and trends and reducing associated costs."
- Jason Petsch, Commercial Director, GRITIT, UK