weather risk limited - overview - july 2014
DESCRIPTION
Weather Risk Limited founded in 2004, pioneered Weather Derivative contracts in the Indian Market. Since then, it has grown into a comprehensive global Climate Risk Management company with a fast growing footprint that spans India, Africa and Asia.TRANSCRIPT
To provide all in the world security against climate change as
The world’s No. 1 climate risk management company using data, technology and innovation to transform risk managementFounded 2004
HeadquartersIndia
Team101 People
FootprintPan India & Global
AsiaPhilippinesCambodiaBangladeshSri Lanka
AfricaTanzaniaRwandaZambiaMozambique
Existing Presence
Building Presence
VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
We are a global Risk Management company delivering innovative products and services to large enterprises as well as farmers in the remotest of villages worldwide.
VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
2004 2006 2008 2010 2012 2004 2006 2008 2010 2012
Founded with ICICI Lombard as the first client
SIDBI Seed FundIncubation at IIT Kanpur
Ford Foundation grant
Convinced GoI to subsidize weather insurance with Rs. 1000 Cr.
Stabilizing pan-India business
AWS Grid~ 100 Stations
SIDBI invests for working capital
First Internationalforay in Tanzania and Bangladesh
Export of Products & Services to Africa & ASEAN
Ready for India and the World
2005 2007 2009 2011 2013 2005 2007 2009 2011 2013
Data Services & Analytics
Smart Devices & Technology
Weather Insurance1 2 3 India Global
Agri Information Systems Weather Forecasting Remote Sensing
Automated Weather Stations Vehicle Tracking Systems
VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
Vijay MahajanMentor Founder & Chief Executive OfficerBasix Social Enterprise Group
Dr. AK BohraDirectorWeather Scientist and Former DirectorNational Centre for Medium Range Weather Forecasting
Pankaj KhandelwalDirectorChairman & Managing DirectorINI Farms
Dr. Kanti PrasadDirectorWeather Scientist and Former Dy. Director GeneralIndian Meteorological Department
Dr. BV PhaniDirectorProfessor / FinanceIndian Institute of Technology - Kanpur
Dr. Jayant K. SinghTechnology AdvisorProfessor / Chemical EngineeringIndian Institute of Technology - Kanpur
Advisory board
VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
Passionate and Diverse Team 101 people with expertise in:
TEAM WRL
Financial RISK MANAGEMENT
Computer Science
METEOROLOGY
Atmospheric Physics
Climatology
ELECTRONICS & Industrial Design
Sonu Agrawal, 39Founder & Managing DirectorWeather & Climate Risk PioneerIIT Kanpur and IIM Calcutta Alumnus
Anuj Khumbat, 38Chief Executive OfficerFinance and Management SpecialistChartered Accountant
EXECUTIVE TEAM
Ashish Agarwal, 31Chief Technology OfficerElectronics and Technology SpecialistIIT Kanpur Alumnus
VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
Served 1 million farmers across Indiatransforming lives and agriculture
Catalyst for the growth of Crop Insurance in India from 300 Cr to 5000 Cr in 10 years creating employment for ~10000 people
Rajiv Kumarswami SCOR Reinsurance
Rakesh JainReliance GIC
Alok AgarwalICICI Lombard GIC
ENDORSEMENTS
Dr. Nachiket MorReserve Bank of India
Sandeep Bakshi ICICI Prudential
Ritesh Kumar HDFC ERGO GIC
Dr. Ajit KanitkarFord Foundation
Ved SheshadriCholamandalam GIC
Pranav PrashadInternational Labour Organization
Case Study
Late Blight is a lethal potato disease. In 2006 PepsiCo contract farmers lost 60 % of their crops due to this bane. We helped PepsiCo provide risk management to over 10000 farmers in Punjab.
VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
Cholamandalam is a leading Indian general insurance company. In 2011 Weather Risk was hired to help structure Weather and Yield Index based Crop Insurance Products.
VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
Case Study
Since 2007 we have helped ICICI Lombard implement a joint nationwide weather and agriculture Insurance market making and strategic development exercise.
VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
Case Study
We have helped ~ 5000 farmers covered by SAFAL access better insurance and information for risk as well as equipped their logistics system to track over 2000 Trucks and Vans.
VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
Case Study
CORPORATEOVERVIEW
Sonu AgarwalManaging Director
[email protected] July 2014
The sky is not the limit