The U.N. World Food Programme has donated 20 automated weather stations to the National Meteorological Agency of Ethiopia. The stations have been installed this week and aim to provide real-time data for both climate early warning and weather risk management.
Having access to granular, real-time weather data is essential for countries such as Ethiopia to launch microinsurance weather risk products such as index-linked crop weather products to protect their populations livelihoods. The installation of stations in developing countries signals a move away from disaster management to risk management and risk preparedness.
The meterorological agency will monitor real-time data from agricultural areas sent via the Ethiopian mobile phone network to their server in Addis Ababa every 15 minutes.
Now the monitoring system is in place we expect to see pilot weather insurance schemes launching in the near future.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
