Insurance and Adaptation: Farmer Driven Opportunities (Video)
The Financial Instruments Sector team at the International Research Institute for Climate and Society works with farmers, development organizations and agencies, insurance companies and other research institutes to design insurance products that are tailored to local and regional climate risks and economic systems. With the help of the Center for Research on Environmental Decisions, we’ve produced this video that explains one of the most important components of the design process — interactive exercises and interviews with farmers and livestock producers around the world that allow the index insurance to be usable, sustainable and practical to farmers.
Index insurance is a tool that can help manage climate risks and make farmers more resilient and productive, especially when used in combination with other financial tools. Learn more about the work of our Financial Instruments Sector team on their page.