Updated Aug 24, 2020
As broad investments in insurance for small-scale farmers continues to grow, index insurance products that offer real value will be far ahead of competitors that do not. The stakes for quality are especially high for the farmers covered by these contracts. Poor quality contracts are likely to provide none of the benefits of insurance, including increased investments in productivity and greater resilience to shocks. They also risk leaving farmers worse off than an equivalent cash transfer or having no insurance at all. This is true whether or not the contracts were individually purchased or subsidized.
The "3-D" Client Value Assessment tool that provides a multi-dimensional measure of an insurance contract's total value proposition for existing or potential clients. The results of the 3-D analysis will highlight gaps and strengths in product design, distribution and delivery, each of which can be used to improve the overall value of an index insurance product.