High-level conclusions on the development of smallholder insurance schemes around the world
This report highlights the current status and future development of agricultural insurance for smallholder farmers. Based on interviews with more than forty-five key agricultural insurance stakeholders, it paints a picture of an industry that shows great potential but struggles to achieve the necessary scale and product-level refinements.
The research is focused on micro- and meso-level crop and livestock insurance schemes that address "occasional events with large economic impact" on smallholder farmers in Latin America, sub-Saharan Africa, and South and Southeast Asia. The experiences and insights of the market pioneers outlined in this research aim to inform future action by donors, practitioners, governments, and consumers.