Willis and Global Parametrics deliver first payout to coffee farmers in Vietnam hit by heavy rainfall

Willis and Global Parametrics deliver first payout to coffee farmers in Vietnam hit by heavy rainfall

In late 2025, Willis placed the high rainfall parametric solution with Bao Minh Insurance Corporation in Vietnam, protecting coffee farmers’ revenue against a loss of yield due to excessive rainfall during the ‘golden’ harvesting period. The solution uses satellite...

Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines

Christopher Au, Head of APAC Climate Risk Centre, at Willis, said: “With over 1.9 million registered small-scale fishers relying on the nearshore for their livelihoods, the impacts of climate change, such as high winds, rough seas and heavy rainfall, pose increasing...