Insurance payouts based on weather conditions are helping to keep premiums low and enabling millions of farmers access to coverage previously unavailable to them.
index insurance Archives - State of the Planet
Affordable insurance against droughts and other climate risks will help to improve food security and protect smallholder farmers.
Researchers at IRI have been developing index insurance, which would provide a safety net for farmers who experience devastating climate events such as droughts and floods that severely impact their crop yields.
In this video, IRI’s Lisa Goddard discusses index insurance and forecast-based financing as tools to reduce climate impacts in vulnerable communities.
A weather index insurance tool is graduating from research project to commercial product.
The International Research Institute for Climate and Society and local Honduran partners have been working to identify and implement farmer-driven, development-focused climate risk solutions. Through interactive exercises, grain farmers have worked together with the team of experts since 2014 to design and tailor index insurance in the pilot region of El Paraíso, Honduras. This video tells the story.
Thanks to a groundbreaking new program that relies on advanced satellite technology, a weather index insurance payout of unprecedented scale will benefit poor African farmers.
Two acres of cracked earth. In northern Ethiopia, it can be a trap that keeps farmers tethered to it for generations. Or it can be a springboard to a better life for this and future generations. What impedes it from showing its springier qualities? You could argue the biggest pressure on the land comes from the sky above it.
Research economist Dan Osgood discusses index insurance and how it is helping some poor rural communities reduce hardships caused by drought in East Africa.
Experts from Swiss Re, Oxfam America, and the International Research Institute for Climate and Society recently participated in a panel discussion at Columbia recently on weather index insurance for climate change adaptation. The event, organized as part of efforts to support Climate Week in New York, was sponsored by the New York Committee for Oxfam… read more