Mobile Based Agriculture Insurance
m-Omulimisa Agriculture Insurance
Through a partnership with the Agriculture Insurance Consortium (AIC) – we provide highly subsidized agriculture
insurance through our network of agents.
Achievements for Agriculture Insurance
We launched the agricultural insurance product in partnership with the Agriculture Insurance Consortium (AIC) last season – March – June 2018. We conducted training for a few select village agents that we could trust with farmers’ money as premiums were being collected physically from farmers and paid to us through mobile money. Through a network on 10 agents, we insured 450 farmers with total acreage of 934 acres and collected premiums worth 10,500,000/=.
More of the Achievements
The service was widely accepted by farmers and may were willing to pay but we launched it late and most farmers were not able to pay their premiums in time before the start of the farming season which marks the end of the period in which insurance companies accept premiums. Additionally, agriculture insurance is a new concept to farmers in Uganda, for it to be adopted by a critical mass of farmers the following gaps must to be filled.