New parametric insurance products launched

Parametric Insurance
(L-R) UN Resident Representative to Fiji Sanaka Samarasinha hands a Certificate of Insurance to Salaseini Koroi.

In early August, Salaseini Koroi, a schoolteacher turned cane farmer, sent two tonnes of harvested cane to Lautoka mill. It was the culmination of a year’s hard work in the fields of Lautoka, in Fiji’s western division.

Two weeks later, she was in the airconditioned surrounds of Suva’s largest hotel, extolling the virtues of parametric insurance for farmers and other vulnerable members of Fiji society.

“In the Western Division, where I come from, we are badly affected by extreme weather almost every year,” said Koroi. 

“Farmers like me have few . . .

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