Project Budget – 5.2 million THB
Project Location – Tajikistan
Donor – UNDP
Project Duration – 2 Aug 2021 – 30 Apr 2022
Description – AIT’s Geoinformatics Center (GIC-AIT) and Sanasa Insurance Company Ltd (SICL) a leading WII provider in Sri Lanka jointly implemented a project launched by UNDP Tajikistan to assess the feasibility of Weather Index Insurance (WII) for farmers in Tajikistan to address climate change-related pressures on the agriculture sector. The objective of the project is to assess the feasibility of weather index insurance in Tajikistan and provide recommendations on pilot sites for launching relevant interventions. Costs involving field visits to assess and verify damage often make insurance premiums prohibitively costly to farmers, especially in the developing world. To address this issue, the concept of Weather Index Insurance (WII) was introduced, with payouts based primarily on rainfall thresholds. This eliminates field visits to assess the extent of crop damage, especially in the most remote locations.