CCRIF SPC, the regional parametric risk pool for the Caribbean and Central America, has announced that the United Nations World Food Programme (WFP) has become the first UN agency and multilateral organisation to join and purchase parametric insurance from it.
The United Nations World Food Programme (WFP) has been utilising parametric risk transfer as a way to secure disaster contingent financing to support its operations for nearing two decades.
Our first coverage of a WFP arrangement was a weather-index insurance research initiative back in 2008.
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