Training Toolkit for Weather Index Insurance



This document discusses the methodology of designing training modules for Weather Index Based Insurance (WIBI) product under the Climate Change Adaptation Project (CCAP) in a select few sites in Agusan del Norte, a province of Caraga region on Mindanao islands of Philippines.

Weather index insurance is a ‘bet’ on the index formed from weather parameters. This toolkit provides an overview of index insurance and provides a training module based on a number of pilot projects that are trying to modify the traditional ‘top-down’ approach to teaching farmers about weather index insurance schemes.The goal is for the farmers to understand various risks posed by climate change to their agriculture portfolio, to understand the concept of crop insurance, and to understand some of the most fundamental concepts of index insurance like basis risk and index structure.

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