The Parametric Agricultural Microinsurance program by the Inter-American Development Bank Multilateral Investment Fund provides swift insurance payouts to smallholder farmers in Latin America and the Caribbean. Utilizing predefined weather triggers, the microinsurance offers protection against weather-related crop losses, aiming to secure farmers' livelihoods in the face of climate uncertainties.
https://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=39609551
Parametric Agricultural Microinsurance
Organization:
Inter-American Development Bank Multilateral Investment Fund
Category:
Insurance
Subcategory:
Agricultural Insurance
Available at:
Rural and Urban
Channel:
Physical
Climate Resilience Approach Mapping:
Risk Recovery
Climate Impact Mapping:
Drought
Country / Region Input:
Central and South America, <!--br {mso-data-placement:same-cell;}-->Paraguay
Sector Mapping:
Agriculture
Business Model Mapping:
Interest, Other Business Model
