Climate Resiliency and Index Insurance Program for Small Farmers in the Dominical Republic

Develop a tailored climate index insurance product and complementary risk reduction measures to help vulnerable farmers protect their assets and investments and thereby improve resilience to climate change.

Drought Insurance for Ganaderos in the Dominican Republic

USAID-CRII project aims at offering small farmers in the Dominican Republic the tools they need to cope with climate risk and improve their livelihoods. The program includes four complementary interventions:

  • Develop access to climate and weather information: Several new weather stations are installed in order to give dairy producers better weather predictions so that they can better plan their production choices.
  • Implement “climate smart” agricultural practices: Demonstration plots that promote the use of risk mitigating technologies (water tanks, dwells, etc.) have been implemented in key areas to help farmers learn about safe production practices.
  • Increase access to risk transfer mechanisms: The development of an index insurance product that indemnifies farmers in case of droughts will help them recover after a loss, and also incentivize them to invest in better technologies that they used to shy away from because they perceived them as too risky.
  • Increase access to credit for small producers: In order to invest in improved production technologies, farmers need credit. Using index insurance as a guaranty for lenders, we hope to make loans more affordable to farmer and more secure to lenders.


  • United States Agency for International Development (USAID)

    Funding Agencies
    United States | Staff size: Unknown

    USAID is the lead U.S. Government agency that works to end extreme global poverty and enable resilient, democratic societies to realize their potential.

    U.S. foreign assistance has...

  • Swiss Re

    Investment & Finance
    Switzerland | Staff size: 10,000+

    Schweizerische Rückversicherungs-Gesellschaft AG (Swiss Re AG) is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and...

  • CaribRM

    Development Consulting
    Saint Lucia | Staff size: Unknown

    Caribbean Risk Managers Ltd (CaribRM) was formed in 2006 through the merger of GeoSY Ltd with the Risk Management Division of CGM Group (now CGM Gallagher Group). The company provides a broad...

  • Center for Research on Environmental Decisions (CRED)

    Staff size: 26-50

    CRED is an interdisciplinary center that studies individual and group decision making under climate uncertainty and decision making in the face of environmental risk. CRED’s objectives...

  • Guy Carpenter

    Staff size: Unknown

More Resources

Key Information

LocationDominican Republic, Latin America and Caribbean
  • Start Date 2013
  • End Date 2015
  • ValueUSD 3.43 Million