Index-based insurance: How does it work and is it climate smart?
Index-based insurance (IBI) compensates farmers in the event of a loss (Greatrex et al. 2015). IBI generally uses 'proxy' indices relating to specific risks (often climate-related) that may affect a farmer’s yield
CCARDESA 2019. Knowledge Product 24: Index-based insurance: How does it work and is it climate smart? CCARDESA Secretariat, Gaborone, Botswana.pg10