The World Bank Group’s Global IndexInsurance Facility (GIIF) in partnership with its regionalpartners has been working with researchers and scientists torefine satellite technology for index insurance productdesign. The International Research Institute on Climate andSociety (IRI)’s Financial Instruments Sector Team—a GIIFpartner—for instance, has worked in over a dozen countrieson index contracts with tens of thousands of policiespurchased by farmers vulnerable to climate change. The teampartners with farmers and international institutions such asthe World Bank Group (WBG) to explore the potential forusing index insurance in developing countries to assistemerging markets, increase productivity of small farmers,and reduce threats to crops and livelihoods from climate risk.