When the World Food Programme (WFP) and Oxfam launched the R4 Rural Resilience Initiative in 2011, it was with the aim of taking an innovative approach to improving food security and tackling the impacts of climate change. WFP was the first UN agency to look at incorporating microinsurance into the broader strategy of managing climate risk in chronically and transient food insecure areas prone to recurrent droughts and floods. In doing this, it helps...