Weather Index Insurance for drought risk in Thailand

  Available online: http://unfccc.int/files/adaptation/application/pdf/sompo.pdf

Since 2007 Sompo Japan has been carrying out research on risk finance methods to respond to climate change together with organizations including Japan Bank for International Cooperation. As a result, Sompo Japan began offering Weather Index Insurance in Khon Kaen Province in northeast Thailand in January 2010. This product, which is one method of adaptation to climate change, aims to reduce damage caused by droughts for rice farmers who rely heavily on rainfall, by linking compensation to precipitation.

Language(s): English

Tags: Natural hazards ; Social protection and welfare ; Drought ; Thailand Add tag