Weather Risk Limited - Overview - July 2014
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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.
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Weather Risk Limited - Overview - July 2014
- 2. 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 management Founded 2004 Headquarters India Team 101 People Footprint Pan India & Global Asia Philippines Cambodia Bangladesh Sri Lanka Africa Tanzania Rwanda Zambia Mozambique Existing Presence Building Presence VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
- 3. 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 Founded with ICICI Lombard as the first client SIDBI Seed Fund Incubation 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 International foray in Tanzania and Bangladesh Export of Products & Services to Africa & ASEAN Ready for India and the World 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
- 4. VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY
- 5. Vijay Mahajan Mentor Founder & Chief Executive Officer Basix Social Enterprise Group Dr. AK Bohra Director Weather Scientist and Former Director National Centre for Medium Range Weather Forecasting Pankaj Khandelwal Director Chairman & Managing Director INI Farms Dr. Kanti Prasad Director Weather Scientist and Former Dy. Director General Indian Meteorological Department Dr. BV Phani Director Professor / Finance Indian Institute of Technology - Kanpur Dr. Jayant K. Singh Technology Advisor Professor / Chemical Engineering Indian 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, 39 Founder & Managing Director Weather & Climate Risk Pioneer IIT Kanpur and IIM Calcutta Alumnus Anuj Khumbat, 38 Chief Executive Officer Finance and Management Specialist Chartered Accountant EXECUTIVE TEAM Ashish Agarwal, 31 Chief Technology Officer Electronics and Technology Specialist IIT Kanpur Alumnus
- 6. VISION WHAT WE DO CLIENTS TEAM IMPACT OPPORTUNITY Served 1 million farmers across India transforming 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 Jain Reliance GIC Alok Agarwal ICICI Lombard GIC ENDORSEMENTS Dr. Nachiket Mor Reserve Bank of India Sandeep Bakshi ICICI Prudential Ritesh Kumar HDFC ERGO GIC Dr. Ajit Kanitkar Ford Foundation Ved Sheshadri Cholamandalam GIC Pranav Prashad International Labour Organization
- 7. 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
- 8. 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
- 9. 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
- 10. 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
- 11. CORPORATE OVERVIEW Sonu Agarwal Managing Director sonu.agrawal@weather-risk.com July 2014 The sky is not the limit