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Innovating Rural Protection: Parametric Insurance for Agricultural Resilience
This presentation explores parametric insurance models and their role in climate risk management, particularly for underserved farming communities. By leveraging objective weather data, such as rainfall thresholds, to trigger automated payouts, parametric insurance can provide a transparent and timely mechanism for financial support and inclusive adaptation. Drawing on outcomes from the Sharia Parametric Weather Index Insurance, the session will highlight how such innovations can reshape the future of rural risk protection.
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