“…68 In Europe, almost all countries have crops insurance for single risks, such as hail, and many countries also have insurance covering multiple risks or even all kinds of natural events ("yield insurance"). 69 Nevertheless, more tailored actions are needed to promote take-up by farmers and adequate insurance coverage. For instance, despite the low premium for farmers, many smallholders remained uncovered by the PMFBY in India, owing to a lack of understanding among the farmers about insurance products and their role in improving their capacity for risk management.…”