Index insurance has been introduced as a solution to tackle several challenges that prevail in the agricultural insurance sector of developing countries. One of the main implementation challenges in these countries is the lack of reliable weather data for index development and implementation....

The increasing availability of open-source and high-quality satellite data has facilitated market developments in the index insurance sector. So far, research and industry spheres have used administrative boundaries of units to estimate regional index values for insurance design. In areas with...

Open-access gridded climate products have been suggested as a potential source of data for index insurance design and operation in data-limited regions. However, index insurance requires climate data with long historical records, global geographical coverage and fine spatial resolution at the...