Index-based agricultural insurance products: challenges, opportunities and prospects for uptake in sub-Sahara Africa

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dc.creatorNtukamazina, Nepomuscene
dc.creatorOnwonga, Richard N.
dc.creatorSommer, Rolf
dc.creatorRubyogo, Jean-Claude
dc.creatorMukankusi, Clare Mugisha
dc.creatorMburu, John
dc.creatorKariuki, Rahab
dc.date2017
dc.date2017-07-28T13:19:09Z
dc.date2017-07-28T13:19:09Z
dc.date.accessioned2026-06-27T14:43:08Z
dc.descriptionAgricultural insurance products have been piloted in Sub-Saharan Africa (SSA) to address climate related risks faced by farmers. However, these products in general face low rates of adoption in SSA. Factors and challenges that may explain the low uptake of index-based insurance products in SSA are reviewed in this paper with the objective of assessing and documenting (i) the insurance products available to farmers, (ii) factors influencing farmers to purchase insurance products, (iii) challenges limiting farmers accessing to insurance products and (iv) opportunities that can positively enhance uptake in SSA. This review reveals that area yield index insurance, index-based crop insurance and index-based livestock insurance have been piloted or implemented in the region. The uptake of these products was found to be positively correlated with on-farm income/savings, literacy, and family size with estimated coefficients of 0.211, 0.292 and 0.018, respectively; and negatively correlated with premium rate (−0.183), age of farmer (−0.058), land tenure (−0.800) and farm size (−0.167). Challenges that impede uptake of index-based products include weakness of regulatory environment and financial facilities, basis risk, quality and availability of weather data, capacity building of stakeholders (farmer, insurer, and regulator), and lack of innovation for local adaptation and scalability. The current gap between high promise and low uptake calls for farmer-driven product design, strong public-private partnerships and improved quality and availability of weather data.
dc.identifierhttps://hdl.handle.net/10568/82897
dc.identifier.urihttp://hdl.handle.net/123456789/86359
dc.languageen
dc.publisherKassel University Press
dc.rightsOpen Access
dc.sourceNtukamazina, Nepomuscene; Onwonga, Richard N.; Sommer, Rolf; Rubyogo, Jean Claude; Mukankusi, Clare M.; Mburu, John; Kariuki, Rahab. 2017. Index-based agricultural insurance products: challenges, opportunities and prospects for uptake in sub-Sahara Africa . Journal of Agriculture and Rural Development in the Tropics and Subtropics 118(2): 171-185.
dc.subjectcrop insurance
dc.subjectlivestock insurance
dc.subjectdeveloping countries
dc.subjectweather
dc.subjectseguro de cosechas
dc.subjectseguro del ganado
dc.subjectpaíses en desarrollo
dc.subjecttiempo meteorológico
dc.titleIndex-based agricultural insurance products: challenges, opportunities and prospects for uptake in sub-Sahara Africa
dc.typeJournal Article

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Centro Internacional de Agricultura Tropical (CIAT)