The 3-D tool provides a multi-dimensional understanding of the value proposition of an index Insurance product for potential or existing clients, and includes guidelines and supporting documents that can be used to perform the client value analyses.

Poorly designed index insurance can create more risks than it mitigates for vulnerable farmers. Assessing the benefits that index insurance brings to clients is essential, challenging. The 3-D Client Value Assessment tool developed by the ILO's Impact Insurance Facility and this Lab allows insurance providers to measure the value of agricultural index insurance products. This tool provides a mu...
SEE ALL
Poorly designed index insurance can create more risks than it mitigates for vulnerable farmers. Assessing the benefits that index insurance brings to clients is essential, challenging. The 3-D Client Value Assessment tool developed by the ILO's Impact Insurance Facility and this Lab allows insurance providers to measure the value of agricultural index insurance products. This tool provides a multi-dimensional understanding of the value proposition for potential or existing clients, and includes the tool itself and supporting documents that can be used to perform the client value analyses.
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Stage 4: Transition to Scale

Focus Areas:

Agriculture

AgricultureSEE LESS

Implemented In:

Tanzania, Mali, Mozambique and 2 MoreSEE ALL

Tanzania, Mali, Mozambique, Bangladesh and Burkina FasoSEE LESS

5
Countries Implemented In
Verified Funding
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Problem

As broad investments in insurance for small-scale farmers continues to grow, index insurance products that offer real value will be far ahead of competitors that do not. The stakes for quality are especially high for the farmers covered by these contracts. Poor quality contracts are likely to provide none of the benefits of insurance, including increased investments in productivity and greater resilience to shocks. They also risk leaving farmers worse off than an equivalent cash transfer or having no insurance at all. This is true whether or not the contracts were individually purchased or subsidized.

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Solution

The "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. The results of the 3-D analysis will highlight gaps and strengths in product design, distribution and delivery, each of which can be used to improve the overall value of an index insurance product.

Target Beneficiaries

The 3-D tool was tailored for use by insurers, consultants, technical assistance partners, donors and researchers, and can be used to evaluate an existing product or one yet to reach the market.

Competitive Advantage

There is no other such tool available.

Milestone

Date Unknown
New Country Implemented In
Burkina Faso
Date Unknown
New Country Implemented In
Bangladesh
Date Unknown
New Country Implemented In
Mozambique
Date Unknown
New Country Implemented In
Mali
Date Unknown
New Country Implemented In
Tanzania