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The Parametric Agricultural Microinsurance program by the Inter-American Development Bank Multilateral Investment Fund provides swift insurance payouts to smallholder farmers in Latin America and the Caribbean. Utilizing predefined weather triggers, the microinsurance offers protection against weather-related crop losses, aiming to secure farmers' livelihoods in the face of climate uncertainties.

Parametric Agricultural Microinsurance

  • Organization:

    Inter-American Development Bank Multilateral Investment Fund

  • Category:


  • Subcategory:

    Agricultural Insurance

  • Available at:

    Rural and Urban

  • Channel:


  • Climate Resilience Approach Mapping:

    Risk Recovery

  • Climate Impact Mapping:


  • Country / Region Input:

    Central and South America, <!--br {mso-data-placement:same-cell;}-->Paraguay

  • Sector Mapping:


  • Business Model Mapping:

    Interest, Other Business Model

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