insurance
3 Secrets First Insurance Financing Boosts Lao Drought Resilience
First insurance financing in Laos delivers rapid, weather-indexed payouts to 150,000 smallholders, strengthening drought resilience by front-loading premium costs through a public-private capital pool. The pilot uses satellite-derived soil moisture indices, a $15 million budget and a revolving fund to eliminate cash-flow gaps for farmers. Financial Disclaimer: This article