Swiss Re and USAID support Dominican Republic farmers in climate resilience project

Swiss Re and USAID are working together to offer farmers in the Dominican Republic weather-based insurance for the first time as part of a new climate resilience pilot project.

The pilot will teach farmers to address minor weather and water disruptions by doing things like storing water in lagoons. It will also offer farmers insurance so they can recover more quickly if severe weather events—like hurricanes or major droughts—destroy their crops and livestock.

More and more development experts and communities are seeing the potential of insurance to help people recover quickly after major shocks, said Swiss Re’s Vice-President of Global Partnerships, Alex Kaplan. “We’re seeing a real sea change,” he said. “USAID has been a great partner in parts of the world where insurance is not widely accessible.”

For more background read the USAID article.

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