Mexico announces tripartite project to offer climate insurance

The Mexican government has launched a project in association with Insurance Development Forum, the United Nations Development Programme and the German government to develop a parametric insurance solution for climate-vulnerable smallholder farmers, Verdict reported. Insurance Development Forum members Axa SA, Guy Carpenter & Co. LLC, Munich Reinsurance Co. and Swiss Reinsurance Co. Ltd. will lead the public-private partnership, which includes insurer Agroasemex SA as a local partner.