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Index-Based Insurance for Risk Management in Agriculture

Index insurance is an innovative approach to insurance provision that pays out benefits based on a pre-determined index or loss of assets and investments resulting from weather and catastrophic events, without requiring the traditional services of insurance claims assessors. It also allows for the claims settlement process to be quicker and more objective.
Agricultural index insurance is a tool for risk management that has shown significant promise for promoting sustainable development and resilience. Index insurance can help small-scale farmers and pastoralists to increase their resilience to weather shocks like drought or flood while encouraging investments in productivity that in good years create a pathway to prosperity.
This webinar provides an overview of agriculture and index insurance as well as related issues such as data, pricing, and types of index insurance. The webinar also focuses on the impact and implications of index insurance for practitioners and policymakers.
Speakers: Agrotosh Mookerjee and Denis Garand
Moderator: Elias Omondi
April 30, 2024
Hosted by the Inclusive Insurance Virtual Forum (IIVF)
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