USAID is supporting the development and evaluation of innovative insurance products that help farmers in developing countries manage climate and weather risks while taking advantage of opportunities to increase production. Pilot projects involving farmers, insurers, policymakers, lenders, meteorologists, and others in Ethiopia, Senegal, and the Dominican Republic are introducing, testing, and supporting the adoption of new types of agricultural insurance. These insurance products form part of a package of complementary financial and non-financial measures that together can reduce vulnerability.
USAID is partnering with the private sector, universities, and local organizations to pilot innovative index insurance that has helped hundreds of farmers and pastoralists cope with extreme weather.
Last updated: January 25, 2014