Agricultural insurance for smallholder farmers: Digital innovations for scale
Over the last 10 years, index insurance services have been using mobile and satellite technology to digitise service creation and delivery, enhancing their potential to scale. There are further opportunities for mobile network operators (MNOs) to use mobile technology to register and locate farmers, and use mobile money to collect premiums and pay out claims.
Smallholder farmers are increasingly using index insurance services, especially digitally enabled ones, as a safety net against crop or livestock losses. However, despite the ease of access of most index insurance services and stronger digital value propositions, most smallholder farmers have yet to fully adopt index insurance.
|Author:||Rishi Raithatha and Jan Priebe, GSMA AgriTech Programme|
|Publisher:||Global System for Mobile communications (GSMA)|