Leveraging Digital Innovation to Promote Agricultural Insurance Among Small-scale Farmers

Name: Leveraging Digital Innovation to Promote Agricultural Insurance Among Small-scale Farmers
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Bol Though insurtech is booming globally, its application in agriculture within low- and middle-income nations remains scant. The study illustrates how digital innovation can redesign agri-insurance, fortifying smallholder livelihoods and boosting resilience against natural disasters through tailored, tech-driven solutions. Despite its rise in popularity, the field of insurance technology (insurtech) in most low- and middle-income countries remains significantly underdeveloped, especially regarding its applications in agriculture. This study seeks to illustrate how digital innovation can support the design and delivery of agri-insurance products in developing countries, with the aim of strengthening the livelihoods of vast populations of vulnerable smallholders, as well as their resilience against natural disasters. Digital editions of FAO publications are available on the FAO Knowledge Repository in compliance with FAO’s Open Access policy.

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Though insurtech is booming globally, its application in agriculture within low- and middle-income nations remains scant. The study illustrates how digital innovation can redesign agri-insurance, fortifying smallholder livelihoods and boosting resilience against natural disasters through tailored, tech-driven solutions. Despite its rise in popularity, the field of insurance technology (insurtech) in most low- and middle-income countries remains significantly underdeveloped, especially regarding its applications in agriculture. This study seeks to illustrate how digital innovation can support the design and delivery of agri-insurance products in developing countries, with the aim of strengthening the livelihoods of vast populations of vulnerable smallholders, as well as their resilience against natural disasters. Digital editions of FAO publications are available on the FAO Knowledge Repository in compliance with FAO’s Open Access policy.

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