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The African and Asian Resilience in Disaster Insurance Scheme (ARDIS) will provide cover to farmers and small businesses in Kenya, Malawi, Mali, Zambia, Cambodia and Myanmar this year.

Global Parametrics, the parametric and index-based risk transfer company that launched with the backing of the UK and German governments, will utilise one of the world’s fastest computers to enhance its climate and seismic risk models and help it develop products.

On January 18th, VisionFund, a microlending charity, and Global Parametrics, a venture that crunches climate and seismic data, launched what they billed as the “world’s largest non-governmental climate-insurance programme”.

VisionFund International, World Vision’s microfinance arm and Global Parametrics, has launched a new climate insurance programme, the African and Asian Resilience in Disaster Insurance Scheme (ARDIS), that will benefit more than four million people in six low-income countries

A new climate insurance programme set to benefit up to four million people in six low-income countries across Asia and Africa has been launched.

A new insurance scheme has been launched to help up to 4 million poor people in Africa and Asia deal with the challenges arising from climate disasters. The insurance programme – covering droughts in Kenya, Malawi, Mali, Zambia and Cambodia, and tropical cyclones in Myanmar – will mainly provide support to women farmers and their families, with plans to expand to cover floods later this year.

VisionFund International, World Vision’s microfinance arm and Global Parametrics, has launched a new climate insurance programme, the African and Asian Resilience in Disaster Insurance Scheme (ARDIS), that will benefit more than four million people in six low-income countries.