The Role of Insurance as a Key Climate Adaptation Mechanism to Protect Smallholder Farmers
Crop insurance in various forms is critical in adapting to climate change by protecting the food system and farmers livelihoods. New innovations by insurance companies and technology providers offers an opportunity to broaden coverage to address increasing risk, but as only 20% of smallholder farmers are covered by some level of insurance, larger structural reforms are required.
In this session we will explore:
- How insuring the food system in a changing climate actually work
- The innovations/solutions already deployed
- Structural reforms to support better coverage and improved products
- The case for greater increase in financing