Applying Seasonal Climate Forecasting and Innovative Insurance Solutions to Climate Risk Management in the Agriculture Sector in Southeast Asia

DeRisking coffee in Vietnam: Piloting a Coffee Climate Protection Insurance scheme to enhance the capacity of smallholders and agribusinesses in coping with climate variability and change

Co-designing products to ensure ownership is a precondition for successful implementation of an insurance pilot. This guarantees that index insurance products are tailored to the needs of beneficiaries. Working closely with ECOM and smallholder coffee producers, the project investigated the climate risks and their impact on coffee production and the supply chain. Based on an analysis of the most impactful risks, the project co-developed and tested the index insurance products to generate wider awareness complemented with willingness-to-pay (WTP) evaluation workshops and farmer surveys