In 2003, GlobalAgRisk advised both public and private sector insurance companies in developing new weather index insurance products in India, which has become the largest market in the world for weather index insurance.

GlobalAgRisk was an early advisor to the World Bank team that was integral in creating the first weather index insurance product in India. GlobalAgRisk has also advised the government agricultural insurer, the world’s largest provider of weather index insurance.



Further Reading:

Evaluating India’s Crop Failure Policy: Focus on the Indian Crop Insurance Program
Skees and Hess