Climate insurance programme for smallholder farmers is launched

VisionFund International, World Vision's microfinance arm, and Global Parametrics have launched a new climate insurance programme, the African and Asian Resilience in Disaster Insurance Scheme.

The programme is funded by the UK's Department for International Development and the InsuResilience Investment Fund, set up by German development bank KfW and managed by Swiss-based impact investment manager BlueOrchard Finance.

Financing for the initial preparation and assessment required to implement the programme came from the Rockefeller Foundation and FMO, the Dutch development bank.