Mi Siembra Segura: Parametric Insurance to Protect Vulnerable Rural Communities in Colombia, With UNDP

As part of the community stores project of the Rapid Response Facility (RRF2) program, UNDP and SBS SEGUROS COLOMBIA, with the support of MiCRO, launched the product "Mi Siembra Segura” (My safe sowing), which will protect the project’s community beneficiaries against covered climatic risks, in addition to offering coverage for personal accidents.

The UNDP's RRF2 program aims to support rural organizations made up of a vulnerable population (mostly consisting of Afro-Colombian women, indigenous peoples, and producers) by installing community stores that serve as dynamic hubs for the economic empowerment of women. In this context, access to an insurance policy will help strengthen the resilience of these communities against risks they are exposed to by climatic effects.