Geodata for Agriculture and Water ’s Post

More than 22% of Cambodia’s GDP comes from agriculture. Yet, despite agriculture being a cornerstone of the Cambodian economy, most of the country's 3 million farmers lack insurance protection for extreme weather events. Through its partnership with Arbol, AGRIBUDDY has provided small farmers with no collateral with $1.5 million in credits, significantly improving their ability to manage weather-related risks. Learn more about how Arbol and Agribuddy partnered to bring parametric coverage to thousands of smallholder farmers across Cambodia. https://lnkd.in/em3Zj3KW

🚜🌾 Reflecting on my journey at Agro Consortium over the past two and a half years, I am proud of the growth and impact we've achieved in implementing climate-resilience projects. Witnessing firsthand the critical role of agricultural insurance has been eye-opening. This insurance serves as a lifeline for smallholder farmers facing unforeseen climatic risks, enabling them to recover and sustain their livelihoods. These initiatives are most successful when we work in partnership with governments, funders, and impact-driven private organizations. It's important to acknowledge the many challenges that grassroots farmers face, with climate change being the greatest threat. Often, insurance is the crucial support that keeps them going. Agricultural insurance is essential to building resilience for farmers and ensuring the future of food security in Africa. Let's embrace and support these vital initiatives. 🌍🤝 #Agriculture #Insurance #ClimateResilience #FoodSecurity #Impact #Collaboration #AgroConsortium #insuresilience #isf #InsuresilienceSolutionsFund #FrankfurtSchoolofFinance #ClimateFinance

✨𝑭𝒂𝒓𝒎 𝑰𝒏𝒔𝒖𝒓𝒂𝒏𝒄𝒆: 𝑶𝒏𝒆 𝒐𝒇 𝒕𝒉𝒆 𝑾𝒂𝒚𝒔 𝒐𝒇 𝑬𝒏𝒔𝒖𝒓𝒊𝒏𝒈 𝑺𝒖𝒔𝒕𝒂𝒊𝒏𝒂𝒃𝒊𝒍𝒊𝒕𝒚 𝒊𝒏 𝑨𝒈𝒓𝒊𝒄𝒖𝒍𝒕𝒖𝒓𝒆 𝒂𝒏𝒅 𝑨𝒈𝒓𝒊𝒃𝒖𝒊𝒔𝒏𝒆𝒔𝒔. In recent times, farmers have been experiencing different challenges, ranging from the unpredictable climate to the high cost of production, among others, which has led to the closure of some agribusinesses. 🤔But did you know that these risks can be mitigated and that you can gain financial stability as a farmer? 🤔Most importantly, do you know that now is the best time to get your farm insured? 📍Below are some of the benefits attached to farm insurance: ✨ Risk management ✨ Food security ✨ Financial and business stability ✨ Business recovery ✨ Access to credit for expansion 📍Farm insurance is one of the least talked-about forms of ensuring sustainability in agriculture. The best time to insure your farm was yesterday, but the second best time is now! 🫶🏾This is a trying time, yeah, but quitting shouldn't be an option; rather, let's look for alternative ways to secure the future of food. Let's go the extra mile✨💚 Edobong Akpabio Femi Adekoya Corporate Farmers International #agrictechsis #foodsecurity #zerohunger #farminsurance #agriculture

🌾🌍Farmers in low- and middle-income countries are especially susceptible to the impacts of climate-induced weather events. But agricultural insurance and climate-smart technologies can help. Despite the low uptake of insurance due to issues like trust and financial constraints, evidence shows that tailored insurance products, paired with risk-mitigating technologies, can significantly improve farmers' resilience. With the security that insurance provides, farmers are more inclined to invest in higher-risk, higher-reward agricultural practices, compared to their willingness without such insurance. The CEGA and J-PAL co-managed Digital Agricultural Innovations and Services Initiative (DAISI) explores how digital and bundled agricultural services can aid small-scale farmers and contribute to global food security in the face of escalating climate challenges. Learn more in this new blog:

🌡️ 🇺🇿 Drought significantly impacts Uzbekistan’s agriculture, water resources, and food security. Vulnerability to extended periods of water scarcity risk reduced crop yields, soil degradation and decreased water availability for irrigation, affecting the livelihoods of rural communities and the national economy 📉 Wheat rust and pests such as locusts are placing additional stress on the country's agriculture sector 🦗 Through the Tripartite Agreement* UNDP, together with industry partners Swiss Re and Europa Re Ltd., are working with the Government of Uzbekistan to design and structure an agricultural insurance scheme anchored within broader governance and development in Uzbekistan  🛟 This includes the development of a disaster risk finance strategy and supporting the government with the integration of insurance and risk finance within national climate policy and development planning frameworks 🧮 The project focus is on product design and creating the enabling regulatory framework with the aim of launching a first pilot in one region for select crops in 2024.  The pilot will be accompanied by training and capacity building for local insurers, loss adjusters and government stakeholders that are working to strengthen the insurance sector in the country Find out more about the Tripartite Agreement’s progress to date, with other country examples showcasing the scale of joint implementation between development institutions, government and industry at the country-level ➡️ https://lnkd.in/eXUx4Cmr   Find out more about the public-private partnership that safeguard climate-vulnerable farmers in Uzbekistan through a multi-peril indemnity insurance product ➡️ https://lnkd.in/ewxS6iUZ *The Tripartite Agreement (TPA) is a public-private partnership between UNDP, Federal Ministry for Economic Cooperation and Development (BMZ) and 20 of the world’s largest insurers under the framework of the Insurance Development Forum, and is working to provide substantial financial protection across #Insurance4SDGs #financialresilience Europa Re Ltd. Jan Kellett Lauren Carter Miguel Solana Edgar Aguilar Enock Sing'oei Nurmukhammad Akmalov 

Agriculture contributes to over 30% of GDP in most African countries but probably less than 2% of farmers have access to insurance yet agriculture is one of the riskiest ventures one can get into – exposed to weather related risks and natural calamities and sometimes price volatility which can get worse with the impact of climate change so de-risking investment in agriculture becomes critical for sustainable development. PULA tweaks to model to fill the gap of agriculture insurance Thomas Njeru Rose Goslinga Africa's Business Heroes #insurtech #climatechange #agribusiness

It's a new week and a new episode on Insurance Matters! In this episode, we explore the importance of #agriculture in #Africa and the challenges it faces, such as climate shocks. We're joined by  Ashok Shah, Group CEO of APA Insurance Limited, and Liz Booth, Managing Editor at Africa ahead, who discuss the impact of #El #Niño and climate change on African farmers. Africa's agriculture sector is vital, contributing to a significant portion of GDP. #Climate change, including El Niño, poses challenges with excessive rainfall and drought affecting crops and infrastructure. #Insurance can provide essential protection for farmers in unpredictable weather conditions. Listen in on https://lnkd.in/erEmDdcT and share your thoughts.

🚜 In our latest case study we spoke to Richard Greenacre, Jonathan Betts, and Mike Parker, to get some insight into the diverse operations behind the Royal Norfolk Agricultural Association, their ambitions for the future, and relationship with us. 👇 https://abg.bz/45te6jU #Norfolk #Insurance #Agricultural #CyberInsurance #EmployeeBenefits #RiskManagement

Paying claims quickly in general is always good. It's a good user experience. It's desirable and we should do it. But paying claims quickly is *great* when the fast payment actually helps change the outcome. Agriculture parametric insurance and predictive parametric insurance can help farmers react better. It is one way to move from restitution to resilience.