Protecting Farmers with Satellite-based Weather Index Insurance
Seed Innovations developed a satellite-based weather index insurance solution called PlantSat. This platform helps smallholder farmers growing rice and sugarcane in the Terai region located in Nepal.
Solution factsheet
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Download the solution factsheet to learn more about this climate innovation in Nepal. ↓ Download factsheet |
Overview
Nepal is facing many climate related challenges such as floods and heat waves. Due to these events, Nepalese farmers experience millions in crop losses every year. On top of this, most of them remain uninsured since traditional crop insurance is costly and inaccessible to administer across small and scattered farms, leaving farmers highly vulnerable to climate shocks. PlantSat provides most insecure smallholder farmers with weather insurance using satellite data, which automatically triggers payouts during extreme weather events such as drought. The need for field-level loss assessment is removed from the equation which in turn reduces administrative costs and enables affordable, fast and transparent climate risk protection for farmers.
At a glance
| Organisation |
Seed Innovations |
| Primary sector |
Innovative Adaptation Financing |
| Innovation stage | 💡 Transition to Scale |
| AFCIA Programme |  |
Funding Received
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$
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AFCIA funding
USD 70,000
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Climate impacts addressed
Drought and water security
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Erratic rainfall
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 Increasing temperatures / heatwaves
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Project team
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Marcus Nield
Communication Expert
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