crop

France is currently in the middle of the worst drought the country has faced in the last 50 years according to the French weather agency Météo France. The dry period has surpassed the 1976 heat and drought period and experts say as bad as 2003 when thousands died in a heatwave in high summer.

Sompo Japan has been trialing a weather risk microinsurance product in a region of Thailand since January this year (our article on the launch here). The trial project saw weather index insurance for drought sold in Khon Kaen province in Northeast Thailand. It was the first such microinsurance product made available in Thailand.

Parts of Russia are currently suffering from their worst drought conditions for years with some areas not having had any rain since April. This extreme dry season has occurred after the most severe winter suffered by Russia in many years which destroyed winter crops. So Russian farmers are having a particularly bad time of it […]

One of the most important aspects of any weather insurance or weather risk management initiative is the ability to accurately measure the effects of the weather at a suitably granular level to be able to base claims payments on the measurements. That’s essentially the whole premise of an index based weather insurance product. In North […]