Weather index insurance under CCAP

 

Summary

This document discusses feasibility of implementing Weather Index Based Insurance (WIBI) pilot under Climate Change Adaptation Project (CCAP) in a select few sites in Agusan del Norte, a province of Caraga region on Mindanao islands of Philippines. CCAP is a part of a larger initiative named “Joint Programme on Strengthening the Philippines’ Institutional Capacity to Adapt to Climate Change.”

The objectives of this report were to 1)  understand weather risks at various levels in the priority area of CCAP, 2) understand the availability of the data essential to create WIBI contracts at various levels, 3) propose best possible products in the current context and current season for areas of CCAP, and 4) comment on the way forward for the next seasons.



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