Bundling to make agricultural insurance work

P. Mukherjee, M.Pandey and P. Prashad | International Labour Organization (ILO)

Bundling agriculture insurance with other services like credit and better farm inputs is fast emerging as a possible solution to help agriculture insurance to achieve better social outcomes, make insurance more tangible and enable schemes to scale faster. There is evidence that states that access to agricultural insurance leads to significantly larger agricultural investment and riskier, yet more rewarding, production choices in agriculture. However, insurance as a standalone product may not be sufficient to overcome the binding constraints of farmers. Hence, bundling provides more value for all the players in the value chain.

Categories:
Zambia, Kenya, Agricultural & Rural Finance, Access to Finance, Microinsurance
Pages:
28
Year of publication:
30.06.2017
External Document: