Agriculture

INNOVATIVE AND INCLUSIVE SOCIAL ENTERPRISE MODELS

Index-based Agricultural Microinsurance 

HIGHLIGHTS 

Linking agricultural insurance to an index rather than to actual incurred losses is more cost-effective and, if communicated effectively, can foster trust between insurers and the insured. 

Mobile banking can make agricultural insurance more affordable and simultaneously increase its availability and quick payouts. 

This type of insurance allows farmers to invest more confidently and manage losses better, which helps smallholders to improve their productivity and grow their business. 

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