Climate variability through the lens of applied weather index insurance in Senegal-a novel perspective on the implications of decadal variation

Weather-based index insurance is a financial instrument that allows smallholder farmers to protect themselves against climate shocks such as droughts and floods. In many cases, insurance indices are based on one or more earth observation datasets (e.g., rainfall, soil moisture, vegetative health) which are partly covering periods of more than 40 years. While remote sensing products …