While significant progress in microcredit and microfinance has been made in low‐income countries, lending for small farming enterprises has been limited. This article reviews how innovative index‐based risk‐transfer products (IBRTPs) can be used to transfer the correlated natural disaster...

This article considers the potential for securitizing index‐based insurance products that transfer weather and natural disaster risks from lower income countries. It begins with a brief overview explaining why markets for natural disaster risks are important, yet often missing, in lower income...