A high-tech remote sensing company in Netherlands started the pilot satellite based microinsurance for the benefits of farmers in Africa. The name of the programme was FESA Micro-insurance, and the name of the company EARS Earth Environment Monitoring. Now, the trend has evolved into a growing industry wherein satellite data is used to create index-based microinsurance product, and African farmers are realising and absorbing the benefits of the same, perhaps, for the first time. Read more here.