GIIF supports the national agri insurer in Sri Lanka – the Agricultural and Agrarian Insurance Board (AAIB), to improve the effectiveness of the national agri insurance scheme. The project aims to bring in improvements via innovative products (such as index insurance) as well as efficiencies to the current indemnity based system. This is expected to help address the risks faced by approximately 1 Mn smallholder farmers during climate catastrophe events via an efficient, affordable crop insurance product, thus reducing the impact of catastrophic production losses. Index insurance products are