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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.