Intervention · Intervention

Index insurance

Climate insurance that pays out when a weather, climate, or remotely sensed index (such as rainfall, temperature, NDVI, or forage condition) associated with climate-related losses crosses a predefined threshold, rather than on individual damage assessment.

Definition source: World Bank - index insurance; AGROVOC: agricultural insurance (c_28636) · reference

Synonyms

Index-based insurance, parametric insurance, Index-based drought insurance, Index-based livestock insurance

Broader

Climate insurance

Narrower

Weather-index insurance

Relations

addresses Drought
produces Income
applies-to Smallholder farming livelihood
applies-to Pastoral system

Counts as adaptation

Always (adaptation-specific).

Example of use

ILRI IBLI uses a satellite-derived forage (NDVI) index to trigger payouts for pastoralists in Kenya and Ethiopia.

Provenance

Domain expert

Identifier

INT_122 · https://mlolita26.github.io/cgiar-climate-taxonomy/terms/INT_122
(planned permanent identifier: https://w3id.org/cgiar/climate-taxonomy/INT_122)