Intervention · Intervention

Climate insurance

Insurance that transfers the financial risk of climate-related losses from farmers, pastoralists, fisherfolk, or institutions to an insurer in exchange for a premium, providing payouts that support recovery after a hazard.

Definition source: AGROVOC: agricultural insurance; World Bank climate risk insurance

Synonyms

climate risk insurance

Broader

Insurance

Narrower

Index insurance

Counts as adaptation

Always (adaptation-specific).

Provenance

Domain expert

Identifier

INT_120 · https://mlolita26.github.io/cgiar-climate-taxonomy/terms/INT_120
(planned permanent identifier: https://w3id.org/cgiar/climate-taxonomy/INT_120)