This document addresses challenges faced by various actors by including climate insurance in their agricultural policies. It follows the five phases of the DRM cycle and offers guiding questions and a step-by-step approach. In addition, this document describes at least one tool linked with each guiding question. Hence, it informs the reader about what information is needed and what tools can be applied. In addition, the document presents an overview of internationally accepted DRM activities within each DRM phase. It also highlights insights into the existing mutual benefits between insurance and the different DRM phases.
Nevertheless, this document should not be understood as a guideline, and it is not a blueprint, but rather it depicts different components and identifies the inter-linkages of activities within each phase. The step-by-step process in each phase does not suggest a sequence on how to implement the phases. This has already been done by other international organizations specifically dealing with these issues.[sb1] Rather, it is a categorisation of different activities that are relevant to the insurance perspective of the ICRM approach. The document deals only with weather-related perils in the agricultural sector and does not consider other risks, such as market risks.