This USAID-focused event was an opportunity to bring researchers and policy-makers into the same room to discuss index insurance and its function as a promising tool for building resilience among impoverished farmers around the world.
A study in Mozambique found that the main reason farmers did not use vouchers for inputs was a lack of cash for co-payments to purchase the seed-fertilizer package. This suggests a more generous initial subsidy could bring spur greater learning across a broader range of farmers.
The Feed the Future Innovation Lab for Assets and Market Access has just launched a $1.4 million project in Kenya to evaluate the impacts of combining programs that offer training, support and aid with affordable insurance to reduce chronic poverty.
In 2011, a massive drought in Sub-Saharan Africa claimed the lives of Huka Bidu’s entire herd of cows. Determined not to begin again from nothing, the pastoralist and father of two in the southern Ethiopian village of Malble Yabello purchased a livestock insurance policy.
The World Bank Group and Africa Re have entered into an agreement to carry out a risk-sharing facility to decrease premium levels for insured farmers and encourage local companies to create affordable insurance products.