World’s largest non-governmental climate insurance scheme launched
A new climate insurance programme designed to increase access to finance and provide disaster recovery lending to some of the world’s poorest people was launched. The insurance programme, named the African and Asian Resilience in Disaster Insurance Scheme (ARDIS), will provide cover to farmers and small businesses, targeting African and Asian smallholder farmers, alongside VisionFund International, World Vision’s microfinance arm. The scheme covers borrowers in six countries