index based insurance

The U.N World Food Programme (WFP) and Oxfam have announced a new scheme which aims to help poor rural people protect their crops and livelihood from the impact of climate change. The announcement was made in Cancun at the ongoing climate change meetings.

ICICI Lombard has got the go ahead to expand the reach of its index-based crop weather insurance program for farmers in India. The insurer has been given the mandate to provide weather based crop insurance for the 2010-2011 Rabi season (one of the two crop cultivation seasons in India) to eight new states; Madhya Pradesh, […]

The International Finance Corporation (IFC), part of the World Bank Group, has signed new agreements with three partner index-insurance schemes in Africa to help expand access to microinsurance products for farmers and livestock herders. The schemes aim to help farmers and herders protect their crops and livestock from weather risks and natural disasters.

Swiss Re has announced the introduction of a new index-based insurance program which aims to protect rice farmers in Vietnam from losses they incur due to low rice yields caused by weather and natural catastrophes. The program is being implemented with Swiss Re capacity and their knowledge and expertise has helped to define the scope […]

Sompo Japan have released a press release to announce the launch of a new insurance product in Thailand to protect against drought. It’s good to see further advances in the weather index based insurance world as they expand to new regions. Although this is again a micro-insurance pilot scheme it’s hoped this could continue as […]