Swiss Re has been a valuable partner in our journey from the beginning, initially as a member and eventually in 2021 Swiss Re Foundation became our strategic partner providing co-funding support for various projects that help in building resilience amongst the low-income communities against environmental, economic, and health-related shocks. To date, this partnership has led to the co-funding of 10 projects across Africa and Asia covering various thematic areas.
Such partnerships demonstrate the power of collaboration, resource sharing, and knowledge sharing in making meaningful impact on the ground for at-risk populations.
In one of these projects, IBISA – an insurtech collaborated with Avanti Finance – an MFI and Collectives for Integrated Livelihoods (CInI), a nodal agency of the Tata Trusts are working on providing weather index-based insurance solution to smallholder farmers in India to protect them against weather adversities leading to crop loss. The project aims to enable better participation of and collaboration with mission-aligned institutions in the agri-value chain for making financial services especially agriculture insurance accessible to the smallholder farmers.
Swiss Re Foundation in its latest impact story has showcased this project and how together with SCBF it is reaching the last mile through farmer producer organisation by helping smallholder farmers get protected against adverse weather conditions.
Picture courtesy – Andrey Khrobostov, Canva