INSURED Toolkit | Engaging smallholder farmer communities to develop index-based insurance: Building buy-in and a sense of ownership

Published by:

Online Location

https://www.ifad.org/documents/38714170/41406012/insured-brief-ethiopia.pdf/c3949c85-abde-f076-3ac1-7093f3cebfbd?t=1661437452513

Publication date

25/08/2022

Language:

English

Country

Ethiopia

Type of Publication:

Working Papers & Briefs

Focus Region:

Sub-Saharan Africa

Focus Topic:

Rural Finance / Insurance

Type of Risk:

Weather & Climate related

Natural disasters

Author

John Caroll

Organization

INSURED (PARM/IFAD)

Engaging communities and enabling them to contribute to designing a valuable insurance product can be an effective way to create trust, a sense of ownership and to overcome barriers that often leave rural development initiatives unsustainable after pilot stages. This knowledge brief explores the benefits of and rationale for community engagement in index insurance initiatives, with examples from a pilot project in rural Ethiopia.