Farm Microinsurance Data

Data and analytics for insurance and ag production

Critical weather and productivity data and analytics to support agricultural micro-insurance.

Use Case

Smallholder farmers often grow crops in a lot of uncertainties. They use cultural knowledge to predict which are not evidence based to grow their crops. This does not guarantee their output because of unexpected season changes. Because on a lot of occasions, farmers have gone ahead to grow crops expecting a continuous rainy season which is speculated to result into better yields. Unfortunately, seasons change and therefore the crops don’t thrive very well as expected. This in turn results into reduced farmers’ income, poor yields there for less priced on the market.

Potential

At MicroSure, our mission is to create a data support platform for micro-insurance providers working with smallholder farmers in Uganda. Currently, the insurance industry avoids insuring farming operations in general, especially smallholder farmers because the industry lacks evidence-based data and benchmarks with which to design products. The MicroSure data support platform provides accurate weather prediction, location-specific farm productivity and risk analysis data based on historical and predictive information maintained at the relevant national databases. The platform uses smartphone and desktop apps to enable insurance brokers to access accurate decision-making information helpful in determining premiums and risk profiles for insurable farming operations.

Business Case

Our platform provides updated weather prediction and location-specific farm productivity data so that farmers can when and what to grow at the right time. We charge a subscription fee of 10 dollars to the insurance brokers who have to make sure that the info they provide to their customers has to be up-to-date. It also helps them design appropriate insurance products.

Objectives:

  1. Provide accurate data support to insurance carriers to enable them design relevant, mutually beneficial products for smallholder farmers.
  2. Make agricultural insurance accessible to smallholder farmers
  3. Provide decision-making tools for farmers when deciding what, when and where to farm.

Team Micro Sure

Mukono, Uganda

Our Team

Our Mission

At MicroSure, our mission is to create a data support platform for micro-insurance providers working with smallholder farmers in Uganda.

Our Background

Our Team

Our Mission

At MicroSure, our mission is to create a data support platform for micro-insurance providers working with smallholder farmers in Uganda.Read More

Our Background

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The information contained here represents student project ideas developed as the result of brainstorming activities during Round 1 of the TFF Challenge. It does not represent any final business plans or commercial products.