Through the partnership with AXA Corporate Solutions on parametric weather insurance, the World bank helps in fight against severe weather and climate change’s impact on developing regions, writes the BorneoPost in Malaysia. AXA works with the World Bank Group’s GIIF to provide innovative and affordable parametric and weather-index linked insurance protection for the world’s most vulnerable, developing regions. To this end, AXA aims to leverage increasing volumes of satellite and weather data, in order to get the best possible views of drought, flood, and other weather risks that affect crop yields. The learnings from this microinsurance work with the World Bank will likely fuel the development of its weather offerings for developed markets as well, with this data-first approach.