Global Parametrics, the parametric and index-based disaster risk transfer company, has partnered with broking group Howden to deliver an expansion to its parametric insurance scheme with One Acre Fund for smallholder farmers in Africa.
The expansion of the parametric insurance scheme is expected to result in close to 1 million farmers being covered under the risk transfer arrangement.
Global Parametrics has been working with the One Acre Fund in Tanzania since 2020, providing a parametric solution for farmers covering excess rain and drought risk.
