Among financial services and according to CGAP's latest research, insurance seems to be one of the products whose positive impact in the lives of the underserved is most consistent. In the case of smallholder farmers, agricultural insurance offers protection against climate shocks, helping them to avoid financial losses and to build greater resilience.
In the summer of 2019, the Learning Lab and IDH engaged with ACRE Africa – a risk management solutions designer enabling agricultural insurance to smallholder farmers across sub-Saharan Africa – to conduct a Service Delivery Model Assessment to better understand the extent and the conditions under which the insurance agent could generate positive returns at scale. While ACRE Africa operates in several countries with physical presence in Kenya, Rwanda and Tanzania and provides a range of services (from product development and risk monitoring to training and feasibility studies) across a wide range of both stand-alone and bundled products (e.g., loans, input provision) and partners (e.g., financial institutions, agribusinesses, telcos), this Service Delivery Model Assessment focused on ACRE Africa’s credit-bundled insurance portfolio in Kenya.
This case...
