Currently, not many are keen to acquire WIBI products due to the high premiums, the difficulty and cost of preparing documents, and the lack of equipment to monitor the environment surrounding the farms. In order to boost the number of farmers willing to acquire WIBI products, the following strategies can be implemented: (1) reimburse insurance costs of qualified farmers; (2) reduce taxes on WIBI products and give incentives to local insurance providers; (3) allow at risk farmers to obtain WIBI products with reduced premiums if they are a part of a cooperative; and (4) encourage farmers to avail of group insurance to reduce premiums. The lowering of cost for the WIBI premiums can be implemented because providing subsidies to the farmers is much cheaper than rehabilitating the farm land [4]. Aside from reducing the costs for WIBI products, there is a need to increase the awareness of such climate risk management strategies to encourage farmers to learn more about it and how it would aid them during unfortunate events. This also requires the addition of instruments for monitoring the changes in the weather to provide more accurate bases in calculating crop cultivation costs [1][3][4].

There are only a few provinces where the area-specific WIBI products are tested and it is only available for farmers with farms found within a 20-km radius of a weather station. As mentioned previously, the availability of the WIBI products is limited due to the lack of weather stations and it also prevents developing a much more accurate weather-based index [2]. The Philippine Crop Insurance Corporation and local insurance providers only recognize PAGASA weather stations with enough historical data. Hence, adding to the limited availability of the WIBI product. Aside from the call to add more weather stations, automatic weather stations could also be installed in lieu of the traditional weather stations to be accredited by PAGASA. Local government units could likewise propose the acquisition of such items not only for the WIBI products but to aid them in weather and climate monitoring as well. Moreover, privately owned weather stations could be tapped as long as it is accredited by PAGASA [4].

Currently, there is low subscription count for these insurance products due to its high cost that could be remedied by subsidizing enrollment and insurance fees for small-scale farmers, and lowering premium costs by exempting WIBI products from taxes [2]. ASEAN Governments and local insurance providers suggested conducting grassroots campaigns to properly disseminate information and hold lectures or seminars to raise awareness on these climate risk management strategies especially to climate risk-prone areas [4]. Indonesia’s disaster small-scale insurance industry should be studied as reference to gain the same success as they have in their promotion of the products and their implementation [1].

There is no direct environmental impact for this solution.