Tower provides parametric insurance payouts to Kadavu customers in Fiji
1 report, 1 independent
Updated Sat 00:00
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What happened
Tower provided rainfall payouts to 278 customers in Kadavu, Fiji, totaling FJ$27,050. The payouts were made following severe weather that affected Viti Levu, Yasawa, and Kadavu in August 2026. Tower showcased this parametric insurance model at Pre-COP31 in Fiji.
From scoop.co.nz
Why it matters
The payout demonstrates the use of automatic weather-triggered payments to help customers access faster support after severe weather. This supports the Fijian Government’s ambition to center practical climate finance solutions in discussions about climate impacts.
Heavy rain affected Viti Levu, Yasawa, and Kadavu on August 15, 2026.
From scoop.co.nz