The Promise and Pitfalls of Index Insurance: Building Resilience Through Responsible Implementation
Agriculture is an inherently risky activity. This risk exposure can make and keep farmers poor. Agricultural index insurance can help farmers avoid costly coping mechanisms and unlock opportunities for increased investment and greater resilience, but such positive development impacts largely depend on the quality of the index insurance product and its appropriateness in a particular context.
The Feed the Future Innovation Lab for Assets and Market Access has tested dozens of agricultural index insurance interventions around the world. Based on the results of this research, the lab is developing resources to enable stakeholders to assess the potential and quality of index insurance in a given context.
In this Agrilinks webinar, participants will gain an overview of agricultural and livestock-based index insurance as a development tool and the emerging evidence base around its efficacy. Participants will also be introduced to a new hands-on tool that will help them understand and incorporate minimum quality standards (MQS) for successful index insurance interventions.
Jennifer Cisse is a Senior Risk Advisor in USAID's Bureau for Food Security (BFS) in the Office of Market and Partnership Innovation.
Tara Chiu is the Assistant Director of the Feed the Future Innovation Lab for Assets and Market Access, based at the University of California, Davis.