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Challenges of Rural Insurance in the Context of Climate Change: the Case of Soybeans
Product for low-income urban dwellers in flood-prone areas of São Paulo, offering quick post-disaster payouts.
Date Issued
2023
Topics
Making Access to Insurance Happen for People with Disabilities and Small Businesses and Micro-entrepreneurs
WFP piloted an inclusive weather-index insurance scheme for ~4,800 people in El Salvador, targeting women entrepreneurs and people with disabilities. The product enabled fast payouts during climate shocks and removed traditional credit-based enrollment barriers.
Promoting access to insurance for people with disabilities and small and micro entrepreneurs – The case of El Salvador
In El Salvador, most small farmers and micro-entrepreneurs face frequent economic and climate shocks without adequate insurance. To bridge this gap, the World Food Programme and local partners are piloting an innovative insurance solution covering over 950 farmers and micro-entrepreneurs (46% women) against business interruption caused by excess rainfall, drought, or earthquakes.