A web-app was developed for interested parties to design index-based climate insurance and analyze their climate risk reduction potential. The app is fully automatic and does not require any knowledge of statistics or programming languages. The web platform requires the user to enter a period, crop yield and index information. Data can be copy-pasted with any delineation (eg. space, comma). Consequently, the web-app designs index-based climate insurance products based on entered data and calculates descriptive statistics, and conducts performance analysis. 

To test our app, please enter the following example data and run the tool.

Step 1

Years: 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015

Crop yield (tonn/ha): 0.69, 1.62, 1.04, 1.11, 1.1, 1.03, 1.22, 0.49, 1.65, 1.01, 1.46, 1.1, 0.97, 0.82, 1.17, 1.38, 1.25, 0.75, 1.41, 0.66, 1.79, 1.1, 0.85, 1.21, 1.19

Index (rainfall, mm): 70, 137, 110, 114, 77, 90, 85, 42, 162, 127, 142, 114, 100, 76, 122, 112, 119, 74, 105, 45, 158, 107, 70, 122, 92

Price (USD): 100

Step 2

Enter new index to calculate payout: 150, 70, 124, 55, 135