Project Description
The project works with PlaNet Guarantee, a subsidiary of the PlaNet
Finance Group dedicated to the promotion and development of microinsurance
systems, to address key components of the value chain for crop insurance
in Western Africa countries. Beginning with the two countries where PlaNet
Guarantee is currently conducting pilot programs (Mali and Burkina Faso),
the project will incorporate two new countries per year. Specific actions
include conducting feasibility studies, creating weather and yield
indexes, disseminating information on crop insurance across the region,
and establishing an index insurance hub that will provide underwriting and
claims management services and develop a reinsurance pool. The objective
is for 500,000 farmers in Western Africa to have index insurance by 2016.