Webinar Playback : Crop Insurance: Data Analytics, GIS and Product Design
12 November 2020 - The Making Finance Work for Africa (MFW4A) Secretariat, GIZ and Agritask hosted a webinar entitled "Crop Insurance: Data Analytics, GIS and Product Design".
Since its introduction two decades ago, parametric insurance in agriculture still has not yet reached its optimal potential and features as evident in the insufficient adoption around the world. There is a fundamental problem of crudely designed products due to the lack of means to capture data and utilize it efficiently. This results in a significant gap between the calculated payout and the actual loss suffered by farmers (basis risk), leading to low product acceptance. With climate change, this has significant implications on rural livelihoods and resilience.
In this webinar the panelists:
• Introduced precision agriculture technologies that are relevant to smallholder crop insurance;
• Discussed how risk mitigation measures and other value-adding services to farmers can be achieved and contributed within the crop insurance context;
• Used examples from relevant projects globally to illustrate the use of technologies in designing crop insurance products and launching insurance schemes.
For more details on this session’s content, the event recording is available below. The webinar presentation can also be downloaded via this link.
Moderator: Dr. Nihar Jangle, Advisor, GIZ
Rom Aviv, Managing Director, Agritask
Einav Gold, Insurance Product Director, Agritask