Learning Platform - "Trade Compliance & Surveillance"
Course: Pricing of weather derivatives
About the online training programme
This course explains what weather derivatives are. It provides an overview of the fundamentals of these instruments and how they can be applied by companies to manage their weather exposures. Furthermore, quite some essentials are set out that make one understand how to control temperature, wind or precipitation risk. In addition, the settlement of these tools is given attention to and the reference indices that are used for this purpose.
Course Contents
This course covers the following video lessons:
- Actuarial method
- Business pricing model
- Future data required
- Modelling
- Modelling – Calibration
- Modelling – Selecting the optimal model
- Monte Carlo simulations
- Numerical methods
- Analytical solutions
- Comparison between methods
- Wind derivatives – Underlying value
- Wind derivatives – Types of derivatives
- Wind derivatives – Basics of turbines
- Wind derivatives – Features of turbines
This course also includes examination and certification.