Virtual regional dialogue on options to promote more inclusive weather index insurance
Over the past decade, countries in South Asia have experienced more frequent and intense extreme
weather events – floods and droughts – driven by climate change. In 2021 alone, Bangladesh, India, and
Nepal experienced intense monsoon rainfall and floods spurred by an erratic monsoon, even as parts of
India and Pakistan experienced intense heatwaves and drought The Intergovernmental Panel on Climate
Change’s (IPCC) latest report released in August 2021, suggests that such events are only likely to increase,