Locust swarm parametric insurance

Pays out when the FAO desert locust alert level for the region reaches the level agreed in the contract.

Index, trigger and payout

DangerPayout

Illustrative series. The payout is released when the index crosses the trigger agreed in the contract.

How the cover works

What is measured, and when it pays.

Risk covered: Crop/pasture damage from a declared locust swarm or the breeding conditions preceding one.
Parametric trigger: FAO DLIS alert level (Calm → Plague).
Payout: Predefined payout compensating the loss, sized on an 11-tier trigger scale.
Index resolution: Administrative zone, monthly
Data and model: FAO Desert Locust upsurge record — elevated activity in the documented 2003-2005 and 2019-2021 upsurge windows.
Typically for: Farms, cooperatives & agri-lenders

Agriculture family

Next step

We back-test the index at your site over its full history and come back with indicative terms, before anything is bound.