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INSURED Uganda country update: Feasibility study on agricultural insurance for oilseed farmers

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Publication date
25/01/2021
Language:
English
Type of Publication:
Working Papers & Briefs
Focus Region:
Sub-Saharan Africa
Focus Topic:
Rural Finance / Insurance
Type of Risk:
Weather & Climate related
Type of Risk Managment Option:
Risk transfer
Author
INSURED
Organization
Insurance for Rural Resilience and Economic Development

What is the purpose and focus of an insurance feasibility study?

In a nutshell, a feasibility study identifies opportunities and constraints for insurance and verifies whether or not to proceed with the implementation of a scheme. It should follow an agricultural risk assessment. A feasibility study focuses on a specific context, such as a selected target group, within a certain agricultural value chain and geographical area. It may also focus on an existing insurance scheme where a change is being explored, or on an emerging situation where something new is needed.

The Uganda brief

In Uganda, INSURED is supporting the IFAD-financed portfolio to implement insurance for oilseed farmers. The feasibility study was the first step in investigating the existing situation and analysing the risks and challenges faced by the producers and stakeholders along the value chain. The brief sums up the findings and gives details about the area yield index insurance that has been proposed and the next steps. The full feasibility study is available on request from [email protected]

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INSURED is a US$6 million programme financed by Sida (the Swedish International Development Cooperation Agency) and implemented by IFAD through PARM. The programme works to:

  • increase the resilience of poor rural households in the face of climate risk;
  • build their capacity to manage risks;
  • strengthen their livelihoods.

READ MORE: https://www.ifad.org/en/insured

CONTACT: [email protected]