1:00 pm

Crop Insurance: Data Analytics, GIS and Product Design

Rom Aviv, Einav Gold, Nihar Jangle
Published By:
Hosted by:
Making Finance Work for Africa
Deutsche Gesellschaft für Internationale Zusammenarbeit
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Since its introduction two decades ago, parametric insurance in agriculture still has not yet reached its optimal potential and features as evident in the insufficient adoption around the world. There is a fundamental problem of crudely designed products due to the lack of means to capture data and utilize it efficiently. This results in a significant gap between the calculated payout and the actual loss suffered by farmers (basis risk), leading to low product acceptance. With climate change, this has significant implications on rural livelihoods and resilience.

This webinar will:
• Introduce precision agriculture technologies that are relevant to smallholder crop insurance;
• Discuss how risk mitigation measures and other value-adding services to farmers can be achieved and contributed within the crop insurance context;
• Use examples from relevant projects globally to illustrate the use of technologies in designing crop insurance products and launching insurance schemes.

Focus Region:
Sub-Saharan Africa
Middle East & North Africa
Focus Topic:
Rural Finance / Insurance
Information Technologies
Knowledge Management
Land / Water / Resource Management
Agricultural Value Chains / Agri-Businesses
About the speakers

Rom Aviv

Managing Director / Head of Insurance, Agritask

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Einav Gold

Ag Insurance Product Lead, Agritask

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Nihar Jangle

Climate Risk Insurance Advisor, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)

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