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Press Release

METEO PROTECT PARTNERS WITH BNP PARIBAS TO PROVIDE
A COMPLETE RANGE OF WEATHER RISK FINANCIAL MANAGEMENT SOLUTIONS


Paris, France – November 24, 2016 : Meteo Protect, the European leader in weather risk management, has entered into a strategic partnership with BNP Paribas to offer BNP Paribas’s corporate and institutional clients a complete range of weather risk financial management solutions.

Meteo Protect and BNP Paribas today launched a unique and comprehensive range of financial risk management solutions for BNP Paribas corporate and institutional clients. As a result of this alliance, BNP Paribas is the first bank in France to allow its clients to put in place effective financial solutions to manage their exposure to the increasing risk of adverse weather conditions.

Meteo Protect and BNP Paribas today launched a unique and comprehensive range of financial risk management solutions for BNP Paribas corporate and institutional clients. As a result of this alliance, BNP Paribas is the first bank in France to allow its clients to put in place effective financial solutions to manage their exposure to the increasing risk of adverse weather conditions.

“Thanks to this alliance, clients of BNP Paribas whose activity is affected by the weather at any point along the supply chain may now cover against increased costs, offset declines in turnover, or limit the volatility of their financial results from one year to the next,” says Dr. Jean-Louis Bertrand, Director of Research and Development of Meteo Protect.

“This exclusive partnership allows our customers to analyze and better understand their exposure to changing weather. This approach is fully in line with our purpose to serve our clients better by offering innovative services to support the growth of their business in a sustainable manner, “says Mr. Frédéric Rochoux, Head of Business Development Business in Retail Banking in France of BNP Paribas.



For Meteo Protect:
Laura Hershey:
: laura.hershey@meteoprotect.com
: +33 (0)1 84 16 66 11



About Meteo Protect
Meteo Protect creates fully-managed parametric weather insurance products to protect businesses when the weather impacts their financial performance. A broker and underwriter based in Paris, and already active in eight countries, Meteo Protect covers risks anywhere in the world, and its solutions are supported by the largest insurers and reinsurers in the market. Meteo Protect is registered with ORIAS, and is member of CNCIF.

Visit : www.meteoprotect.com
and www.weatherandeconomics.com