This project is developing an index insurance product that insures total agricultural revenue for small-scale producers while also expanding it to agricultural labor households who don’t have physical crops but whose livelihoods depend on local agriculture.
In a new feasibility study, MRR Innovation Lab researchers are testing whether smartphone pictures of crops before and after damage can help implement fail-safe audits in Ethiopia. This picture-based insurance (PBI) audit may dramatically improve contract responsiveness while keeping costs low.
An MRR Innovation Lab research team is collaborating with partners in the digital finance and agriculture sectors in Kenya in a feasibility study to design and offer digital agricultural loans backed by weather index insurance.
MRR Innovation Lab researchers are testing a “behaviorally smart” intervention with index-based livestock insurance in Ethiopia to maximize the welfare of all households by measuring their preferences and beliefs and providing tailored advice on the decision to purchase insurance.
This project will develop improved index insurance policies for small-scale farmers to create stronger demand and impact for index insurance in Ghana, with a particular focus on improving the accuracy of how well products predict actual crop losses.
This randomized controlled trial (RCT) will investigate the impacts of the Rural Entrepreneur Access Project (REAP) Graduation Program and Index-based Livestock Insurance (IBLI)—alone and in combination—at the level of individual household outcomes as well as in terms of local poverty measures.
This collaborative project will explore how risk-reducing technology, motivated and dedicated savings and indexed pre-approved lines of credit can be combined to provide protection against risk to reduce poverty.
This project examines a range of drought-related indices based on data sources and parameters used by HSNP and IBLI. This will help determine which index is most appropriate for an index insurance product that aims to protect households from drought related shocks.
This feasibility study will determine in what contexts in Nepal the development impacts of insurance-based risk management strategies would be maximized, and will assess whether there is data available to create an effective index for an insurance product.