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Market prices, positions, participants and transactions are simulated for demonstration purposes.

Demonstration

Theori

Climate Risk Markets

Design, discover prices for and transfer precisely defined climate and operational risks.

Explore Markets

Browse climate, energy and operational risk contracts across global markets.

Design a Contract

Turn a precisely defined exposure into a standardised peer-to-peer risk market.

Watch a Live Market

See live physical observations interact with simulated peer-to-peer market pricing.

Theori Risk Prism

Turn exposure into a market.

Measurable climate and operational risks can be transformed into simple, standardised instruments for peer-to-peer price discovery and risk transfer.

Illustrative market

1 · Select exposure

THEORI

Standardise
Price
Match

2 · Standardised instrument

Dallas, Texas

Heat Protection

Open

Trigger

Temperature ≥ 40°C

Duration

6 consecutive hours

Observation

NOAA / NWS

Notional

US$10m

Bid

27.2

Ask

27.6

Spread

0.4

Protection Buyer

Transfers exposure

Protection Seller

Accepts exposure

Contract structures and market prices shown in the Risk Prism are illustrative. Theori provides market infrastructure rather than acting as either counterparty.

Total Risk Notional

A$428.6M

+12.4% this quarter

Active Contracts

36

4 newly listed

Indicative Portfolio Yield

9.8%

+0.6% this month

Market Participants

24

3 new institutions

Live market indicator

Theori Climate Risk Index

Indicative market pricing across active climate-risk contracts.

102.35

+1.40 · +1.39%
Base 100Event-driven indicative ticksLive physical data · simulated market activity

Top Movers

Indicative change today

Texas Extreme Heat

+0.8%

Singapore Rainfall

+0.4%

Queensland Heatwave

-1.4%

WA Cyclone

+0.9%

Live physical signals

Texas forecast max90°F
Texas hours ≥100°F0
Singapore 24h rain0.0 mm

AI Risk Brief

Queensland heatwave exposure has increased as forecast temperatures and demand expectations move higher.

Current market premiums appear moderately above their historical seasonal range.

Suggested review

Queensland Heatwave Protection — Summer 2027

Featured Contracts

Indicative opportunities across active markets.

ContractMarketIndicative YieldImplied Probability
Queensland Heatwave ProtectionClimate10.4%18.2%
NSW Wind Generation FloorEnergy8.7%13.6%
Queensland Spot Price CapPower12.1%21.3%
Victorian Solar Output ProtectionRenewables9.2%15.8%