2023 has been confirmed as the warmest year since 1850 , bringing unprecedented challenges for communities worldwide due to climate change. From devastating floods to terrible heatwaves, extreme weather events are causing significant damage, leaving vulnerable individuals and businesses without the financial support needed for relief. In response to this urgent crisis, IBISA and VisionFund, the financial empowerment and livelihood arm of World Vision, are proud to introduce “ClimaCash+,” a groundbreaking suite of parametric climate insurance products designed to empower communities of climate adversity to respond quickly even before a disaster happens.