Parametric Insurance for Smallholder Farmers of Maize in Mexico

According to the terms of reference (ToR) and the contract signed by the project partners Guy Carpenter, Munich Re, Swiss Re, and AXA Climate with the Insuresilience Solutions Fund (ISF) the objective of the present feasibility study is: to find the elements that will allow the development of a suitable insurance cover to protect smallholder farmers (owning and/or cultivating less than 5 hectares) in Mexico against extreme weather events (drought and excess rain).

The Ministry of Finance (MoF) and Agroasemex strongly support the study as well as the foreseen following project, which main driver will be the implementation of an insurance scheme that ensure that payment of claims will reach farmers directly and rapidly to mitigate the impact of natural events.