Weather protect insurance: Empowering 138,734 cooperative members to recover from climate-related shocks

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dc.creatorLeyte, James Dizon
dc.creatorAguila, Lea May
dc.creatorSwaans, Cornelis
dc.date2024-03-17
dc.date2025-03-17T10:33:05Z
dc.date2025-03-17T10:33:05Z
dc.date.accessioned2026-06-27T13:22:31Z
dc.descriptionAn Alliance partnership-developed Weather Protect Insurance (WPI) mechanism generates an eight-fold return on insurance investment, empowering farmers and strengthening agricultural sustainability. WPI enhanced financial resilience for 138,734 cooperative members (80% farmers), across 222 cooperatives in 74 provinces, in the Philippines, ensuring payouts within 10 days of climate events. Among the 600 farmers surveyed in 2024, 81.75% received payouts for insurance, accelerating recovery. While 20.5% adopted climate-smart agricultural (CSA) practices, full adoption could further increase yields and profits by 2%.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/173643
dc.identifier.urihttp://hdl.handle.net/123456789/57402
dc.languageen
dc.rightsOpen Access
dc.sourceLeyte, J.D.; Aguila, L.M.; Swaans, C. (2025) Weather protect insurance: Empowering 138,734 cooperative members to recover from climate-related shocks. Study #ASI - 2408. Rome (Italy): Bioversity International; Cali (Colombia): CIAT. 4 p.
dc.subjectsmallholders-smallholder farmers
dc.subjectclimate change
dc.subjectclimate resilience
dc.subjectclimate-smart agriculture-climate smart agriculture
dc.subjectsustainability
dc.subjectsurveys
dc.subjectrisk management
dc.subjectyields
dc.subjectagricultural insurance
dc.subjectinsurance
dc.subjectdrought
dc.subjectweather-weather conditions
dc.titleWeather protect insurance: Empowering 138,734 cooperative members to recover from climate-related shocks
dc.typeCase Study

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