Tag: Insurance

New Climate Data in Zambia Unlocks Insurance Opportunities

In mid September, IRI staff helped launch an innovative new data platform in Lusaka, Zambia that combines satellite rainfall estimates with the country’s existing network of rain gauges. The platform, developed with the Zambia Meteorological Department and through funding from NASA, is the latest to come out of IRI’s Enhancing National Climate Services (ENACTS) initiative […]

25,000 Insured Ethiopian Farmers Receive Payments for El Niño Droughts

By Daniel Osgood More than 25,000 insured farming families in Ethiopia have received payments for crop loss and damages after a year of devastating drought caused in large part by the 2015 El Niño. The farmers purchased the insurance through the R4 Rural Resilience Initiative [latest report], run by the World Food Program and Oxfam America. […]

Extreme Tornado Outbreaks Have Become More Common

A new paper shows that the average number of tornadoes per outbreak has grown by more than 40% over the last half century. The likelihood of extreme outbreaks – those with many tornadoes – is also greater. Most death and destruction inflicted by tornadoes in North America occurs during outbreaks—large-scale weather events that can last one to […]

Farmers in Honduras. Photo: IRI/Elisabeth Gawthrop

VIDEO: What tools do Honduran farmers want for climate risk?

Answers from insurance research La version en español esta disponible aquí.  During the first of the two growing seasons of 2015, grain farmers in El Paraíso, Honduras faced one of the worst droughts in history, with losses ranging from 60 to 100% of the maize planted. As part of an engagement with CGIAR’s Research Programme on […]

Insuring 37,000 Rwandan Farmers Against Drought

Index insurance can lower the cost of insurance, allowing smallholder farmers to buy insurance that can help them withstand the impacts of bad years and risk making productive investments in good years. A key component of index insurance is historical data – often temperature or rainfall data – to use as a basis for creating an index that determines when insurance payouts […]

Poor Ethiopian Farmers Receive “Unprecedented” Insurance Payout

Oxfam America and The Rockefeller Foundation announced a weather index insurance payout of unprecedented scale directly to poor farmers. Thanks to a groundbreaking new program that relies on advanced satellite technology, more than 12,200 farmers in 45 villages in Northern Ethiopia will benefit from drought protection. As a result of this year’s drought conditions each […]