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Global Parametrics & One Acre Fund Provide Weather Protection for Tanzanian Farmers
One Acre Fund, a nonprofit that supports smallholder farmers, partnered with Global Parametrics to pioneer a new Water Balance Index protecting 70,000 farmers in Tanzania from drought and excessive rainfall. This index-based weather insurance enables fast, affordable payouts, strengthening farmers' resilience to a volatile climate.
Date Issued
2021
Topics
Products
Region

Innovative Index-Based Agriculture Insurance: Where hope meets possibility
A pilot index-based insurance product for rice farmers to mitigate flood-related risks and promote financial resilience.

Microinsurance and Social Protection: Fiji Country Case Study
WFP and UNCDF piloted cyclone parametric insurance in Fiji for ~325 vulnerable households. This macro–micro model enabled payouts via mobile wallets within 3–5 days after disasters, offering financial protection to the poorest social welfare recipients.