Why FinWx?
The AMS Financial Weather and Climate Risk Management Committee strives to form a crossroads where those from the AMS Community connect with professionals from the broader economy.
We seek to create opportunities that develop professionals to leverage their domain expertise to increase enterprise value in all sectors capable of improving financial performance by managing weather and climate risk.
Our Mission
We engage end-users in all sectors so they (1) better understand and analyze weather and climate risk, (2) network with other weather and climate market participants, and (3) ultimately improve financial performance by managing weather and climate risk.
We encourage transparency and an improved understanding of this market, thereby enabling decision makers to optimize the impact of weather and climate events on their operations and financial earnings.
We develop relationships across various industries, discuss standardized approaches for risk assessment, and support further growth of the weather and climate risk marketplace.
We Serve the AMS Community by…
Offering educational initiatives on weather & climate risk management;
Facilitating discussions on best practices for weather/climate risk assessment; and
Acting as a resource for end users and established weather/climate risk market participants.
Chair’s Philosophy
Our Committee volunteers (that’s you!) drive our agenda, our areas for focus, and all of our activities.
Our Committee’s structure is adaptable with “sub-teams” to pursue our Committee Goals.
The Committee Chair supports and facilitates Committee activities and keeps cohesion with the broader AMS Community.
While we have a core group of official AMS members defined by our Terms of Reference, we welcome observing members from inside and outside of the AMS. Anyone who is interested in the mission is welcome to participate in meetings and volunteer for committee initiatives.
Looking Upstream
The FinWxRiskComm (or FinWx for short) is part of the AMS Board on Enterprise and Economic Development (BEED) which sits within the Commission on the Weather, Water, and Climate Enterprise (CWWCE or “Quickie”).
The Commission’s mission is to address the needs and concerns of all sectors of the Enterprise and create a sense of community by:
Providing appropriate opportunities for frank, balanced discussions on points of contention or concern
Educating policymakers on the value and operations of the Enterprise
Developing and implementing programs to enhance information exchange
A core value of the Commission is to encourage early career, diversity, and student participation.