• Farmers are waiting for a clear roadmap from companies providing Weather Index Insurance.
• There is a delay in service delivery when it comes to compensations of inputs and other products that fall under this service.
• Farmers under FISP contribute K100 towards this insurance product.
Centre for Environment Justice (CEJ) has called on insurance companies in the country to timely compensate farmers registered on the Weather Index Insurance.
Centre Head of Research Freeman Mubanga told Money FM News that farmers especially in Southern Province, which recorded erratic rainfall, are waiting for a clear roadmap from companies providing Weather Index Insurance on how they will compensate them.
Mr. Mubanga said some farmers will find it challenging to adopt the Weather Index Insurance innovation if insurance companies are not proactive in compensating them timely because those under the Farmer Input Support Program (FISP) contribute K100 towards this insurance product.
“CEJ has noticed that there is a delay in service delivery when it comes to compensations of inputs and other products that fall under this service. Therefore we are urging all insurance companies that are offering such insurance products to farmers that they should harness their service delivery to ensure that more farmers can understand that learn from farmers that are registered on this brilliant initiative,” Mr. Mubanga advised.
He however stated that companies providing Weather Index Insurance must be commended as the move is a mitigation measure against the effects of climate change.
Weather Index Insurance is an innovative approach to managing climate related risks using a pre-defined index, such as rainfall, to determine pay-outs which help smallholder farmers to recover their investment losses resulting from weather related events.
