Dr. Christopher Au, head of APAC Climate Risk Centre at Willis, explained that there are more than 1.9 million small-scale fishers whose livelihoods depend on nearshore waters, and they face growing threats from climate-related events like strong winds, turbulent seas, and heavy rain. “The new insurance solution, the first of its kind in the Philippines, uses a weather index based on wind speed, sea state, and rainfall to determine payout eligibility, ensuring timely and direct compensation to fishers when fishing days are lost,” Au said.
