Niruthi is an Agritech company that offers solutions for monitoring, modeling and forecasting crop conditions through location-specific weather, crop health and crop yields. An array of tools and technologies derived from the Terrestrial Observation and Prediction is employed to capture and synchronize data from satellites, mobile phones, drones and automated weather stations to enable machine learning on cloud computing platform. Niruthi provides field-level insights needed by farmers, financial institutions, insurance companies and government agencies. In this opportunity, GIIF talked to
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02
Aug
The livestock sector supports livelihoods of some 60% of rural households made up of 1.7 billion people worldwide. Currently, the World Bank has US$1.9 billion in active investments in improving livestock sector and enhancing pastoral livelihoods mostly in Africa, South Asia and Central Asia. The Sahel region of Sub-Saharan Africa, particularly, has a strong tradition of animal rearing. Livestock sector contributes to one-third to half of agriculture GDP in many Sahelian countries such as Mali, Burkina Faso and Niger as well as Mauritania and Chad. Despite pastoralism being a major economic
02
Aug
In the previous part, we brought to your attention rural women’s needs to access to insurance, and related research to better understand the importance of gender-responsive insurance products to mitigate women’s financial and health risks. In this Part II, we’ll provide detailed information on emerging trends on this topic. Digital financial services A 2019 study by CTA and Dalberg Advisors found nearly 400 different digital agriculture solutions working across the continent reaching 33 million registered farmers, demonstrating the market potential. There is no doubt that COVID-19 has
02
Aug
In recent decade, an increasingly number of insurtech solution firms, mobile network operators and other innovators are brought into the insurance industry to harness power of new data and technology to catalyze innovation to reduce costs and increase client value. As one of the key pillars of the GIIF Program, innovation is central to realize the full potential of GIIF in closing the last mile protection gap with the aim to increase livelihoods of farmers and low-income families through improved access to knowledge, institutions (financial services and inputs, etc.) and markets. In July 2019
GIIF July Newsletter in 2021 features team news, events, blogs, highlights, and interviews.
2
Jul
As part of the Food Systems Summit Dialogue, the Future Food Institute and Mooofarm organized a virtual event on July 2nd about the role of women in farming and agriculture around the globe. GIIF attended to this event as Mooofarm is one of the winners of the July 2019 GIIF agriculture insuretech challenge, organized in India. Main speakers include participants from Future Food Institute, UN Scaling-Up Nutrition Movement, Devices Reliance Jio Infocomm, UNIDO ITPO Italy, Food Tank, and representation of the Government of Maharashtra. In this blog, you will read a summary of main points
This S4YE Knowledge Brief “Digital Solutions for Youth Agripreneurs” delves into how digital solutions can address four key constraints for youth agripreneurs: 1) access to finance, 2) access to inputs, 3) access to markets, and 4) capacity development. We discuss some digital tools and services which can help address these four constraints, e.g., mobile banking, alternate credit scoring, crowdfunding, real-time pricing, e-Agri extension, precision agriculture. Customization of services (e.g., addressing gender intersectionality, localization) can lead to increased adoption by youth
GIIF April Newsletter in 2021 features team news, events, blogs, highlights, and interviews.
The China Weather Index-Based Insurance Project (China WII), supported by the British Embassy Beijing, aims to create markets of digital insurance in rural areas by engaging public-private stakeholders. The project partners with policymakers, insurance companies, financial institutions, and insurance-tech players to introduce digital technology-empowered insurances, such as Weather Index-Based Insurance (WII) across the country over the next three years. The project also elevates its strategy from "product piloting" at inception to "creating markets" as of now. The four strategic pillars of
China Weather Index Insurance Project The China Weather Index Insurance Project (China WII) , supported by the British Embassy Beijing, aims to create markets of digital insurance in rural areas by engaging public-private stakeholders. The project partners with policymakers, insurance companies, financial institutions, and insurance-tech players to introduce digital technology-empowered insurances, such as Weather Index Insurance (WII) across the country over the next three years. Despite the COVID disruption, efforts are being made in market landscape studies and insurance product development