Weather protect insurance expands to 36,080 farmers in the Philippines

Swaans, C.; Leyte, J.D.; Aguila, L.M. (2024) Weather protect insurance expands to 36,080 farmers in the Philippines. Rome (Italy): Bioversity International; Cali (Colombia): CIAT p.

By December 2023, Weather Protect Insurance (WPI) — a product providing insurance coverage for climate-induced events based on trigger parameters — covered 36,080 cooperative members (7,883 women) from 103 cooperatives in 71 provinces, through Alliance-supported WPI scaling out and refinement, as well as added value through bundled training on climate-smart farming techniques and recommendations for agricultural resilience and sustainability. WPI makes meso-level payouts within ten days of the weather trigger, allowing agricultural cooperatives to manage and quickly recover from weather-related shocks.