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Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in Nigeria
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
- Categories
- Finance, Investing, Technology
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Can Pay-As-You-Go Help Clean Up Clean Cooking?
Since 2015, the global focus on clean cooking has grown substantially, bringing more funding, research and attention from policymakers to the sector. But according to Tash Perros at the University of Liverpool, Iwona Bisaga at Loughborough University and Julia Tomei at the UCL Institute for Sustainable Resources, progress remains slow, especially in sub-Saharan Africa. They examine some of the reasons behind the inertia that is plaguing clean cooking access, and explore whether pay-as-you-go business models could catalyze progress.
- Categories
- Energy, Environment, Technology
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How U.S. Businesses Can Compete with China in Emerging Markets: Transitioning from a ‘Death Economy’ to a ‘Life Economy’
For decades, American businesses working in emerging markets have prioritized profit maximization regardless of the social and environmental costs — an approach that economist and author John Perkins describes as the "death economy." But as China has supplanted America as the top investor and trading partner in many of these markets, Perkins attributes its success to its embrace of the ideals — if not always the practices — of sustainable development. He explores how China's promotion of a regenerative "life economy" has resonated in developing countries, and how U.S. businesses can respond.
- Categories
- Environment, Investing, Transportation
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Outgrowing the Flower Pot: Why Just Selling Productive Equipment to Smallholder Farmers is Not Enough
A new wave of companies are bringing equipment powered by renewable, decentralized energy to smallholders, and these devices can significantly boost farmers' yields and product quality. But as Daniel Waldron, Christopher Emmott, Priyanka Dudeja, Paraag Sabhlok and Chris Wayne at Acumen explain, just like a tree growing in a flower pot, this new growth can become a burden if it has nowhere to go. They argue that productive equipment must be combined with market access interventions to truly benefit smallholders, and highlight two innovative companies that are demonstrating the impact of this approach.
- Categories
- Agriculture, Energy, Investing, Social Enterprise, Technology
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How Inclusive Finance Can Address the World’s Most Fundamental Challenge: Food Security, Nutrition and the European Microfinance Award 2023
According to the World Food Programme, the world is facing “a food crisis of unprecedented proportions.” Joana Afonso, Sam Mendelson, Fernando Naranjo Galindo and Daniel Rozas at the European Microfinance Platform (e-MFP) explore the multiple drivers and dimensions of food insecurity, and explain why the financial inclusion sector is uniquely placed to address it. They share how the e-MFP's European Microfinance Award 2023 is promoting innovative solutions to the crisis through its focus on “Inclusive Finance for Food Security & Nutrition.”
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- Agriculture, Finance, Transportation
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Bringing Agricultural Insurance to Climate-Vulnerable Farmers: A Unique Pilot Program in Nepal Shows How to Unlock the Benefits of Index-Based Insurance for Smallholders
Nepal's topography and climatic conditions make it uniquely prone to natural disasters. As Maria Perdomo at UNCDF explains, these disasters threaten the country's economic development, and smallholder farmers and rural women are disproportionately affected. She discusses a UNCDF pilot program that brought agricultural insurance coverage to Nepali smallholders, and shares learnings from the program that could inform efforts to deliver insurance to farmers in other climate-vulnerable countries in Asia and beyond.
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- Agriculture, Environment, Finance
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Understanding Deglobalization: What the Backlash to Trade Liberalization Means for Business Growth and Global Inequality
Extensive trade liberalization, often referred to as globalization, was one of the most transformative economic events of the last century — and also one of the most controversial. As political support for protectionist policies grows, Aishwarya Lakshmi Ratan at Yale Economic Growth Center and Bomi Okuyiga at Yale's Jackson School of Global Affairs share research insights that help illuminate the impact globalization has had on businesses and workers in low- and middle-income countries, with the goal of understanding how they may be affected by the current backlash.
- Categories
- Technology
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Do Formal Savings Accounts Lead to Better Results for Low-Income Users?: Lessons from Two Customer-Centric Research Studies in Africa
The Savings Learning Lab was a six-year initiative that supported learning among Mastercard Foundation’s savings-focused financial inclusion programs across Africa. Program partners Savings at the Frontier and Scale2Save employed two different research approaches to better understand the impact of formal savings accounts on the lives of low-income people. Jenny Morgan at FinEquity discusses these approaches and the insights they generated, which went beyond access and usage to reveal the nuances of clients' savings preferences and behaviors.
- Categories
- Finance, Impact Assessment
