Global humanitarian organization launches drought insurance policy in Senegal
Start Network, a global network of some 40 national and international humanitarian organizations, has announced that it will put in place an insurance policy to cover the risks associated with the onset of the drought in Senegal.
Based on indicators such as rainfall data that provides information on rainfall levels, Start Network can prevent the arrival of this natural disaster and provide an early response to limit the damage.
Through this mechanism, these humanitarian organizations can mobilize more quickly funding to rescue and compensate victims during the onset of drought and not after the passage of it.
” This insurance policy will allow farmers and their families to protect livestock and other valuable goods before the most devastating effects of drought are felt. Start Network could help more than 200,000 people through cash compensation and also through the implementation of nutritional or agricultural projects, “said a head of a start Network organizations. Source: Public