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What is Index-based insurance in Blockchain

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Index-based insurance is insurance linked to an

underlying index such as rainfall, temperature,

humidity or crop yield. This approach addresses the

limits of traditional crop insurance in rural regions

of developing countries, for example, by reducing

management and settlement costs. In a region such

as Africa, where insurance penetration is just 2%

there is genuine scope for this type of insurance to

gain in popularity

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