Scaling up agricultural adaptation through insurance

Building a participatory index insurance scheme in Honduras. Photo: J.L. Urrea (CCAFS)
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Event Date and time

Venue

Hilton Bonn

Register now for the one-day conference that will bring together insurance, big data and agricultural innovation!

As climate change takes hold, increasingly erratic weather and climate shifts threaten already tenuous agricultural livelihoods and food security in the developing world. Agricultural insurance is an important tool which can help address this risk, by providing indemnity payments to farmers. However, traditional insurance schemes rely on physical verification of losses, which is costly and not viable for many remote rural smallholders.

Fortunately, considerable advances have been made in the field of index-based agricultural insurance, which involves linking payouts to scientific ‘triggers’ or thresholds beyond which agricultural production begin to suffer. Index-based insurance schemes are now being piloted and scaled up in many countries including Bangladesh, Ethiopia, Guatemala, Honduras, India, and Nigeria.

Given the number of index-based agricultural insurance initiatives globally, the pace of change in science and technology, and interest in insurance as means to adapt to climate change, it is opportune to pull together the collective experience and draw lessons for further implementation and scaling up. Furthermore, there has been a growing emphasis on climate insurance in the UNFCCC processes, and the Paris Agreement explicitly identifies insurance solutions as an area of cooperation to address climate impacts.

The CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS), the Technical Centre for Agricultural and Rural Cooperation (CTA) and Syngenta Foundation for Sustainable Agriculture (SFSA) will host a one-day conference on ‘Scaling up Agricultural Adaptation through Insurance” on the sidelines of UNFCCC SBSTA week in Bonn.

Join us in this one-day conference that will bring together the climate change, agriculture and insurance communities to highlight the value of index-based insurance, draw lessons and identify key challenges for effective scaling up of index-based insurance as a climate change adaptation action.

Should you be interested to attend this conference, please send an email with your contact details to r.septivita@cgiar.org

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