Agricultural Insurance Innovation – Thailand

Agricultural Insurance Innovation – Thailand
Rows of green crops grow on a farm field surrounded by hills and trees under a partly cloudy sky.
What it was:
An extension of BCI’s climate insurance feasibility work, this project explored blockchain-backed crop insurance for Thailand’s agricultural sector.
What we did:
BCI investigated data gaps, stakeholder requirements, and the potential for tokenized climate coverage products to serve Thai farmers.
How we did it:
In collaboration with the UN Climate Technology Centre & Network (CTCN), the Government of Thailand (NXPO), and Thammasat University, we conducted a structured policy and tech assessment, tailored to regional needs.
The Results:
BCI’s recommendations informed early-stage discussions on digital insurance policy and set a precedent for blockchain-based risk tools in Southeast Asia’s agricultural economy.

This work laid the groundwork for digital climate finance tailored to farmers, not just financiers.

— Thai Research Collaborator

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BCI is actively expanding its project portfolio with like-minded partners around the world.

If you are interested in deploying climate technologies at scale or piloting a new approach, we’d be glad to hear from you.

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