In 2024, VisionFund International and IBISA launched ClimaCash+, an innovative suite of parametric insurance products designed to deliver fast, simple, and transparent payouts to communities affected by climate shocks. Piloted in Kenya, ClimaCash+ aims to embed climate protection into everyday financial services – starting with microfinance loans – and scale globally to enhance resilience among vulnerable populations. This article explores how ClimaCash+ draws...
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