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CLIMBS has officially launched the enhanced Weather Protect Insurance product with its global partners: The International Cooperative and Mutual Insurance Federation (ICMIF), IBISA Network, Global Parametrics, and CIAT (International Center for Tropical Agriculture) driven by the main goal of: “Helping Cooperatives and Agripreneurs Build Resilient and Sustainable Communities and Climate Action through Digital Solutions.” In the pilot phase, CLIMBS partnered with these like-minded cooperatives: Mindanao Consolidated Cooperative Bank (MCCB), Paglaum Multi-Purpose Cooperative, Metro Ormoc Community Multi-Purpose Cooperative – OCCCI, Oro Integrated Cooperative (OIC), and The Philippine Family Farmers Agriculture-Fishery-Forestry Cooperatives Federation AgriCOOPh Federation, with the common aim of protecting 3,600 farmers in the first year. The Weather Protect Insurance is an innovative solution using blockchain technology with a unique feature on smart agriculture.
This is our collective contribution to #Coops2030 in addressing the United Nations’ Sustainable Development Goals (SDG), particularly: Goal 1 – No Poverty, Goal 2 – Zero Hunger, Goal 9 – Industry, Innovation and Infrastructure, Goal 12 – Responsible Consumption and Production, Goal 13 – Climate Action and Goal 17 – Partnership for the goals.
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