Event Date
Agricultural index insurance is a promising risk-transfer tool for smallholder farmers, allowing them to invest more in productive inputs and recover better in the event of shocks. However, households currently have no way to tell whether and when a contract will fail them in a time of need just by looking at its terms and cost.
UC Davis has partnered with the Nairobi-based Regional Center for Mapping of Resources for Development (RCMRD) to establish a technical lab to refine and measure index insurance quality for Quality Index Insurance Certification (QUIIC). For individual farmers, QUIIC certification ensures a basic level of transparency for complicated insurance products made available to rural households. It also allows donors and governments to invest in products certified to have the potential to accelerate and protect economic growth.
This discussion between key QUIIC stakeholders, hosted by the Center for the Economic Analysis of Risk (CEAR) at Georgia State University, will cover the state of agricultural index insurance quality and the near future potential it has for transforming livelihoods for the most vulnerable rural families.
The International Conference on Inclusive Insurance 2020 - Digital edition, an online event hosted by the Munich Re Foundation and the Microinsurance Network, includes around 70 speakers sharing their knowledge and experience in 18 sessions with over 1500 participants from 100+ countries attending this global gathering of inclusive insurance and development experts.