Designing digitally-enabled agriculture insurance that works for smallholder farmers in Zimbabwe
By 2030, 100 million people – who are currently economically self-sufficient – will stumble down into poverty if we don’t act now. Many of these will be the smallholder farmers who rely on agriculture for their income, and who are critical to the food security of their respective communities.
Affordable insurance solutions help farmers manage the risk of climate change, protect their livelihoods and prevent food system disruptions. That’s why SCBF is working with Blue Marble and Old Mutual Zimbabwe to refine and scale Ruzhowa/Uthango – a digitally-enabled index insurance which uses satellite data to track weather patterns and trigger automatic payouts in Zimbabwe.
Over the past few months we ran a lean field research – interviewing farmers, agents and insurers to learn how this product has been adapted to meet the needs of farmers, allowing them to continuing growing and investing despite the rapidly advancing impact of climate change. The report highlights these farmers’ stories and illustrates three key innovations that are improving impact and sustainability.
Click here to read the full report.