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Farmers and fishers in Jamaica now have increased access to insurance options.
The announcement was made by Agriculture and Fisheries Minister Pearnel Charles Jr. while making his contribution to the 2023-24 Sectoral Debate in the House of Representatives.
Mr. Charles said GK General Insurance Weather Protect is offering a new type of micro-insurance designed to help non-salary income earners cope with the effects of extreme weather.
This trigger-based policy takes into account weather indexes measured in each parish, and payout is automatically triggered when a value is reached.
Other insurance products are available for life, health, and home insurance, including insurance for fishing vessels.
Minister Charles emphasized that these insurance facilities aim to build resilience in the agricultural sector against climate change-related stresses, safeguarding the livelihoods of farmers and fishers.
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