In this study, instead of economic estimation of forecast value, we evaluated the value score(VS) of the user satisfaction using the concept of satisfaction/dissatisfaction. We compared the collective Value Scores (cVS) based on outputs of probabilistic forecasts of precipitation seasonally in Seoul and Busan during the period of 2004 to 2013 and ÿnally found the optimum threshold that can improve cVS of both cities. When using 30% threshold, the users can expect a higher cVS compared with those using other thresholds. When using the seasonal optimum threshold in Seoul, the cVS is additionally higher by 9%. These results show the level of satisfaction of the forecast that can be improved when the meteorological communities inform the users the correct threshold of the rainfall probabilistic forecast.

This study provides the empirical results of the customers' necessity and intentions of purchasing weather index insurance using survey of asking the customers' recognition about weather insurance. In this article, we discovered that not only the customers' past experience of loss but also the extent of damage and the effects that change in weather would have on their firm are positively related to an intention to purchase weather index insurance. In addition, the level of premiums was significantly higher for the highly-intended group of willing to purchase weather index insurance than the comparison group.