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.

More About Agriculture Insurance

AIC is a consortium of insurance companies providing subsidized agriculture insurance under the Uganda Agricultural Insurance Scheme (UAIS) a Public Private Partnership (PPP) arrangement with Uganda Insurers Association (UIA) and Government of Uganda. The service is commission based so the more insurance policies the agents sell, the more money they make. The commission helps agents meet their operational costs and provides an incentive for enhancing the service. We continuously work with our agents to increase the menu of services and products we offer in order to diversify income streams. The service is mobile-based and integrates both USSD for service access and mobile money for premium payments.

Achievements for Agriculture Insurance

Number of Agro- Insurance Agents 302
Number of farmers subscribed for season 2 2018: 2453
Total Acreage insured: 3670 acres
Collected Premium 23,536,000

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.

Steps to Buy Agro-Insurance As A Farmer

Steps to Sell Agro-Insurance As A Farmer