With climate change-linked acceleration of ecological and economic disasters for marine fisheries, there is an urgent need for timely economic relief and increased fisheries resilience. Building upon previous theoretical groundwork for assessing the viability of parametric insurance to support both fisher welfare and conservation outcomes, this project will assess the real-world viability of parametric insurance for fisheries resilience.

Our longer-term goal is to provide practitioners with the tools and guidance needed to determine if/when insurance is a viable solution to achieve their objectives. Coupled with increased confidence for insurers in underwriting parametric fisheries insurance products, we hope to see the uptake of insurance as a tool to smooth fisher risk while providing greater fisheries conservation outcomes.