Successful pilot on Index Based Flood Insurance in Indian state of Bihar, informs policy makers and development agencies for scaling
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CGIAR Research Program on Climate Change, Agriculture and Food Security. 2019. Successful pilot on Index Based Flood Insurance in Indian state of Bihar, informs policy makers and development agencies for scaling. Reported in Climate Change, Agriculture and Food Security Annual Report 2019. Outcome Impact Case Report.
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Index-based flood insurance (IBFI), relying on advanced modeling with the use of satellite data, speeded payouts to more than 11,000 flood-affected farm households, benefitting indirectly another 100,000 farmers, who learned from participating neighbors through a crowdsourcing approach.