Catch 'em before they fall: India's new climate safety net

Indian cities face a dual threat of extreme heat and torrential monsoons, severely impacting informal workers. Traditional insurance and government aid are insufficient, leaving millions unprotected. Parametric insurance, triggered by verifiable weather data, offers a swift solution. Pioneered by SEWA and now adopted by initiatives covering construction and other workers, it provides immediate financial relief, bolstering operational resilience for businesses and safeguarding livelihoods.