MicroEnsure, in collaboration with SORAS Assurances Generales, has introduced a groundbreaking insurance solution that combines satellite and weather station data. This partnership involves international, national, and local entities to extend weather index insurance to rural Rwandan farmers. This innovative product provides coverage against both insufficient and excessive rainfall, safeguarding farmers' livelihoods from climatic uncertainties. Powered by technology, the insurance utilizes precise data sources for accurate triggers. Additionally, through a strategic partnership with KCB Bank, farmers with MicroEnsure index insurance coverage gain access to loans for enhanced financial support and resilience.
https://www.indexinsuranceforum.org/project/microensure-rwanda
MicroEnsure: Satellite and weather station-based weather index insurance
Organization:
MicroEnsure, SORAS Assurances Generales
Category:
Insurance
Subcategory:
Agricultural Insurance
Available at:
Rural
Channel:
Physical
Climate Resilience Approach Mapping:
Risk Recovery
Climate Impact Mapping:
Drought, Flooding, Precipitation Patterns
Country / Region Input:
Sub-Saharan Africa, Rwanda
Sector Mapping:
Agriculture
Business Model Mapping:
Interest, API connection fees