The Global Action Network was launched with the hopes that drawing together key stakeholders and change agents could identify important gaps in knowledge or capabilities, and then innovate solutions to these problems and create resources to address them.

The Global Action Network (GAN), a collaboration between the AMA Innovation Lab and the ILO’s Impact Insurance Facility, has just released a “3-D” Client Value Assessment tool that provides a multi-dimensional measure of an insurance contract’s total value proposition for existing or potential clients. 

This presentation describes the need for an objective minimum quality standard for index insurance to ensure that contracts don't leave farmers worse off for having purchased them, as well as a clear definition of index insurance quality.

In this presentation for the GAN Peer Learning Platform event on July 4, 2017 in Nairobi, Kenya, AMA Innovation Lab assistant director Tara Steinmetz discussed the potential for index insurance and development but also the importance of client value.

This study uses economic approaches and the case of the index based livestock insurance (IBLI) product in Kenya to compare the quality of insurance products developed from a variety of satellite -based indices, all of which have either been proposed or are/have been used by insurance or insurance-like products in the region.

During these Geneva meetings, the draft outputs of tools and guidelines for index insurance were presented to the broader GAN membership for feedback and application.