Project Description
The project provides assistance to UAP Insurance Kenya and Syngenta AG, a
global Swiss agribusiness company. UAP and Syngenta have formed a
consortium to oversee an agricultural index insurance initiative, and the
project assists them in developing index insurance as a commercially
viable product. The objectives are: 1) to develop solutions that enable
the scaling up of index insurance, such as a lean and dense distribution
network, an efficient administration platform based on mobile
technologies, indexes that can be developed without extensive historic
weather data, and arrangements that make insurance affordable to
smallholder farmers; and 2) to build capacity within UAP to empower the
company to run index insurance on a commercial basis after project
completion. Expected outcomes include implementing one new insurance
product, insuring at least 30,000 farmers, and establishing an SME
Management Solutions-based mobile platform.