Webinar: New Satellite Applications in Agricultural Insurance
How can satellite technology reduce the cost and improve the quality of agricultural insurance? Join CGAP and agricultural insurance company Pula for a discussion, hosted by the World Bank’s Agrifinance Community of Practice, about our work to make area yield index insurance affordable for African farmers.
Presenters will discuss the early performance of a new algorithm that uses satellite imagery and farm-level yield data to drastically reduce the amount of crop sampling required to offer area yield index insurance products. By freeing providers from their reliance on labor-intensive measurements to determine average yields in remote areas, the algorithm stands to greatly reduce delivery costs and simplify the logistics required for rolling out agricultural insurance at scale — even in the hardest-to-reach communities.
We will present our methodology along with key partnership strategies we have used to source accurate data and validate the algorithm in Nigeria and Kenya. Client-centric on-boarding strategies used will also be discussed.
Date: Tuesday, May 8, 2018