Weather Index-based Insurance in Agricultural Development: A Technical Guide
IFAD and WFP have been working together on weather index-based insurance (WII) since 2008 through the joint Weather Risk Management Facility (WRMF). This upcoming 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 WII project design and management process, including:
- Assessing if WII is feasible
- Developing a roadmap for pilot and implementation
- Scaling up and sustaining WII
The guide includes background information, explanations and resource recommendations to help inform decision-making.
It shows how WII 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.