Nice overview of the main challenges that these innovative microinsurance providers are facing in reaching scale and profitability. With female clients especially, the risks they face are not necessarily ag-specific but they directly impact their yields...pregnancy has a direct impact on a female farmer's productivity. Same when a child or household member falls ill, as care-taking responsibilities overwhelmingly fall on the shoulders of rural women. This really highlights the importance of being client centric in the design of insurance products; in places where these types of costs aren't insured and resources are limited, a rainfall insurance product may carry less value for a woman.
Nice overview of the main challenges that these innovative microinsurance providers are facing in reaching scale and profitability. With female clients especially, the risks they face are not necessarily ag-specific but they directly impact their yields...pregnancy has a direct impact on a female farmer's productivity. Same when a child or household member falls ill, as care-taking responsibilities overwhelmingly fall on the shoulders of rural women. This really highlights the importance of being client centric in the design of insurance products; in places where these types of costs aren't insured and resources are limited, a rainfall insurance product may carry less value for a woman.