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Mexico launches IDF-backed parametric climate solution for farmers

The Government of Mexico has announced the launch of a tripartite project to develop a sovereign parametric insurance solution for climate-vulnerable smallholder farmers, supported by investments in long-term risk finance and insurance market development.

The solution represents a partnership between the Ministry of Finance & Public Credit, the Insurance Development Forum (IDF), the United Nations Development Programme (UNDP) and the German Government.

Led by IDF members AXA, Guy Carpenter, Munich Re and Swiss Re, the public private partnership includes Mexican state-owned re/insurer Agroasemex as a key local partner for the national insurance programme to be developed.


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