In order to offer protective insurance to greater numbers of smallholder farmers, in 2021, the ACToday project began testing mobile crowdsourcing apps that tap into the experiences and memories of farmers themselves.
index insurance Archives - State of the Planet
Tesfamariam Tekeste helps farmers reduce their vulnerability to climate change. She tells us about her work, as well as some hard truths about why those vulnerabilities exist in the first place.
Until now, most index insurance did not have the capacity to tap the wisdom of crowds of farmers themselves.
Diro is an expert on index-based insurance, a proven way to help farmers cover some of the financial losses caused by drought and other weather extremes that damage their crops.
Insurance payouts based on weather conditions are helping to keep premiums low and enabling millions of farmers access to coverage previously unavailable to them.
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.