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International

Satellite data supports development of risk transfer triggers and index insurance schemes

July 25, 2016 Reprints

Satellite data supports the development of risk transfer triggers and index insurance schemes, reported Artemis.bm.

Advances in technology and the affordability of satellite data have enabled insurers and reinsurers to create new products and expand protection across the world. The World Bank recently announced an index insurance scheme for Kenyan farmers that will utilize satellite data to establish an index for when a policy is triggered.

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Satellite data supports development of risk transfer triggers and index insurance schemes

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