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    "en": "\"Parametric insurance covers the probability of a predefined extreme event happening, instead of indemnifying the actual loss incurred (A pay-out amount in the case of the policy being triggered is determined in advance). These polices provide coverage for circumstances that were previously uninsurable. These policies therefore help in closing protection gaps for farmers and others in the global agri-food chain. It also provides certainty on the payout instead of having to justify the claim. \n  \n  An independent, third-party source, providing the relevant information, is a crucial requirement for the parametric cover as the entire pay-out is based on this data. This removes any potential conflicts of interest and provides transparency to customers on the data used and the reliability of the product.\""
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    "en": [
      "\"Source: FARMING FIRST (2021)\nhttps://farmingfirst.org/2021/12/parametric-insurance-an-important-tool-for-climate-change-adaptation/\""
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