Weather Index-based Insurance in Agricultural Development: A Technical Guide
William Dick, Andrea Stoppa, Jamie Anderson, Emily Coleman, Francesco Rispoli, IFAD & WFP, November 2011
The International Fund for Agricultural Development (IFAD) and the World Food Programme (WFP) have been working together on weather index-based insurance since 2008 through the joint Weather Risk Management Facility (WRMF). This newly published technical guide translates the findings and experience to date into practical decision-making steps for donors and practitioners.
It goes through each phase of the weather index-based insurance project design and management process, including:
- Assessing if index-based insurance is feasible;
- Developing a roadmap for pilot and implementation;
- Scaling up and sustaining weather index-based insurance;
- The guide includes background information, explanations and resource recommendations to help inform decision-making.
It illustrates how weather index-based insurance operates best as part of an integrated approach to risk management, when constraints such as lack of access to finance, improved seed, inputs and markets can be simultaneously addressed.
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