The Global Insurance Innovators Community (GIIC) brings together pioneering organizations that are applying insurance in innovative ways to advance the UN Sustainable Development Goals. Its members include the finalists and winners of UNDP’s Insurance Innovation Challenges. Through national and global-level competition, this initiative identifies and supports innovators developing products that close the insurance protection gap. Climate change is driving frequent and severe weather shocks, putting smallholder farmers at risk of crop failure, income loss and food insecurity. Traditional indemnity insurance struggles to respond effectively because of costly field-based loss assessments, lengthy claims processes and limited distribution reach. This set of case briefs explores how parametric insurance offers a more efficient and scalable alternative. By using pre-defined indices such as rainfall and temperature to design products and trigger payouts, parametric insurance enables faster and more transparent compensation. This reduces costs and supports the development of tailored insurance products that better match local climate risks and expands protection to those most vulnerable.