Weather index schemes

Weather risk management is becoming more important for farmers in light of climate change. In developing countries, micro-weather insurance schemes are implemented in order to support farmers with climate change adaptation. Successful pilot projects are scaled-up to offer micro weather protection at a broader scale. Broadening micro insurance penetration poses a number of challenges, from data acquisition, fulfilling legal and regulatory statues, educational efforts, product design, marketing, and risk transfer.

CelsiusPro provides services and an administration platform to efficiently set-up and scale-up micro weather insurance schemes at low transaction cost for the benefit of all stakeholders. Farmers can benefit from fair priced products they understand, and better transfer their crop and location specific risk. Local distributors such as financial service providers, farmer associations, input suppliers and NGO’s benefit from an online pricing, booking and reporting system. Donors get full transparency on schemes and risk takers get a portfolio of risks in a professional and automated fashion.

End the vicious cycle of poverty in rural areas

Small scale farmers need funds to invest in inputs to start planting. A successful harvest depends on favorable weather conditions. If weather is good, harvest is too, and not only do farmers have food but a surplus which can be sold and invested in input. If weather is bad, harvest is reduced and no investments can be made in input factors for the next planting circle. Micro insurance schemes mitigate the risk of losses due to bad weather. This allows farmers to buy food and input factors to continue the planting circle despite unfavorable weather, giving farmers a more robust and sustainable living environment. Stakeholders such as microfinance companies and governments can benefit from improved earnings stability of the farmers.

Download Brochure Micro insurance