Updated Aug 24, 2020
"3-D" Client Value Assessment Tool
https://basis.ucdavis.edu/publication/spotlight-conducting-3-d-assessment-index-insurance-contracts-client-value
Tara Chiu
The 3-D tool provides a multi-dimensional understanding of the value proposition of an index Insurance product for potential or existing clients, and includes guidelines and supporting documents that can be used to perform the client value analyses.
Stage 4: Transition to Scale
Focus Areas:
Agriculture
Implemented In:
Tanzania, Mali, Mozambique and 2 MoreSEE ALL
Problem
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.
Solution
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.
Target Beneficiaries
Competitive Advantage
Milestone
