WorldCover, an insurtech battling the effects of climate change - 0 views
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WorldCover is applying insurtech solutions to climate change—a challenging global problem. Using satellite data, on-ground sensing and innovative risk modeling, the company developed a climate and weather-linked insurance product. Today, WorldCover supports and protects farmers within developing countries, who are faced with some of the worst droughts in the world due to climate change.
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tahaemsd on 13 Feb 21Worldcover's platform uses satellite data and remote sensor technology to monitor rainfall, price risk and trigger claims quickly
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“It’s about using insurance to get rid of risk for these farmers and unlock opportunities for them,” Chris says. He says that research found that for farmers who received insurance (rather than cash grants) borrowed and invested more in their farms.
