Insurance broker Willis and Global Parametrics, a CelsiusPro Group company, have delivered the first payout to coffee farmers in the Central Highlands of Vietnam under a high rainfall parametric solution placed with Bao Minh Insurance Corporation in Vietnam in late 2025.Payouts of this innovative parametric policy have been distributed to coffee farmers after high rainfall during the 2025/2026 coffee growing season.The parametric solution protects the farmers revenue against loss of yield as a result of excessive rainfall during the ‘golden’ harvesting period.The payouts were supported by risk capacity provided by the Natural Disaster Fund (NDF), a public-private partnership managed by parametric risk transfer provider, Global Parametrics, which is funded by the UK government’s Foreign, Commonwealth and Development Office, and Germany’s development bank KfW.

Willis, part of WTW, states that these payouts show that its parametric product responded when needed.The 2025/26 policy coincided with Typhoon Kalmaegi, which brought some of the most intense flooding of modern times in the Central Highlands of Vietnam.According to reports, rainfall exceeded 1.7m in some parts of the central highlands with Gia Lai being one of the areas badly affected.

Some coffee farms were completely submerged, significantly reducing yield for farmers, therefore greatly impacting livelihoods.The parametric solution leverages satellite data from NASA to measure rainfall levels in three areas of the Gia Lai province, West Ia Grai, East Ia Grai, and North Chu Prong.The insurance is triggered if rainfall exceeds predefined values, ensuring those in need receive timely payouts.

Nathan Pereira, Analyst, Alternative Risk Transfer Solutions at Willis, commented, “This programme delivers tailored and timely financial protection to vulnerable coffee farmers, while strengthening trust in insurance and improving understanding of how effective risk solutions can support their livelihoods.” Mark Rueegg, Chief Executive at CelsiusPro Group, said, “Delivering rapid, reliable payouts after extreme weather events is exactly what parametric solutions are designed to do.This programme demonstrates how innovative risk transfer, backed by strong public-private partnerships, can provide meaningful financial resilience to vulnerable farming communities.By combining advanced data with local expertise, we are helping to close protection gaps and support more sustainable agricultural livelihoods in the face of increasing climate volatility.” Vietnamese coffee growers benefited from an insurance payout under a separate parametric drought policy structured and placed by Willis in 2024.

The broker explains that this high rainfall policy aims to build on this success, increasing the scope of parametric protection available to farmers.The high rainfall programme is part of an initiative supported by the InsuResilience Solutions Fund, delivered in partnership with Willis, ECOM Agroindustrial Corp.Ltd, Bao Minh Insurance Corporation, the International Center for Tropical Agriculture in Vietnam, and the University of Southern Queensland in Australia.

Nguyen Thi Mai, Sustainability Project Assistant at ECOM Agroindustrial Corp.Ltd, said, “This payout underscores the value of innovative risk solutions in agriculture, demonstrating how such initiatives can translate into real support for farmers facing extreme weather.Through close collaboration with partners, it reflects a shared effort to help farmers manage climate risks while contributing to a more resilient and sustainable supply chain.”.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.