Updated Jul 14, 2020

Helping farmers understand index insurance: Guidelines for consumer education interventions

https://basis.ucdavis.edu/publication/helping-farmers-understand-index-insurance-guidelines-consumer-education-interventions

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The consumer education guidelines lay out tested methods on how to design effective index insurance education interventions that can lead to positive impacts on farmers and other stakeholders.

The complexity of index insurance means that consumer education is of utmost importance. The consumer education guidelines created by the ILO's Impact Insurance Facility and the this Innovation Lab lay out tested methods on how to design effective index insurance education interventions that can lead to positive impacts on farmers and other stakeholders by helping to raise farmer awareness, bui...
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The complexity of index insurance means that consumer education is of utmost importance. The consumer education guidelines created by the ILO's Impact Insurance Facility and the this Innovation Lab lay out tested methods on how to design effective index insurance education interventions that can lead to positive impacts on farmers and other stakeholders by helping to raise farmer awareness, build farmer knowledge, promote responsible selling, and ultimately guide the piloting of an insurance intervention in a given context.
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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

Index-based insurance is an innovative financial service that can help smallholder farmers manage some of the risks related to weather conditions. On one hand, the increasing availability of this financial service offers a big opportunity to both farmers and providers. On the other hand, the complexity of this risk management tool can lead to poorly-understood index insurance products that may do more harm than good.

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Solution

Clear guidelines for index insurance education are essential to support the industry to deal with the task of making sure that index insurance products are implemented and explained in the best possible way to ensure client value.

Target Beneficiaries

Farmers in developing countries struggling with risk management

Competitive Advantage

No other such guidelines are 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