Developing countries are already enduring the worst of climate change. Floods and droughts are impacting natural resources and water availability, and vulnerable smallholder farmers with limited access to government support and lower capacity to adapt to these climatic events face extreme risk.
Weather Index Insurance (WII) may increase the ability of these vulnerable farmers to face climate shocks. Using mainly satellite images to help predict damage and assess losses, WII facilitates faster compensation payouts for farmers.
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