Climate change poses significant challenges to agricultural sectors globally, prompting banks and financial institutions around the world to innovate climate-adaptive finance solutions. From the United States to India, countries are rolling out specialised lending programs to support farmers in managing climate-related risks and building resilience in their operations. In the United States, where extreme weather

Parametric insurance for crops

Parametric insurance for crops is a specific application of insurance designed to protect farmers against specific risks and uncertainties related to agricultural production. It is commonly used to mitigate the financial impacts of adverse weather conditions, for instance droughts, excessive rainfall, or temperature extremes, which have the potential to significantly affect crop yields. In parametric