Access to financial services in rural areas is seen as a key factor to keep people from falling into chronic poverty, and over the longer term, to help people rise out of chronic poverty. Catastrophic weather risks create serious constraints to the development of credit, savings, and insurance services for rural households. Because catastrophic events can create widespread losses, local banks and insurers are simply unable to pool and manage these extreme risks on their own.

Since the year 2001, GlobalAgRisk has been working throughout the world with governments, donors, the private sector, NGOs and local communities to develop and implement innovative and sustainable solutions for catastrophic weather risk.