Knowledge

Index insurance has a role to play in agricultural development and risk management, yet it faces operational and technical challenges to reach scale and sustainability. Data are a key challenge and were the focus of the project “Improving Agricultural Risk Management in Sub-Saharan Africa: Remote Sensing for Index Insurance”. Limited availability, accessibility, quantity and poor quality of data on the ground are some of the primary technical constraints preventing scale-up and sustainability of index insurance. Without sufficient quality data, either it is impossible to design products for some areas and countries, or products that are designed can become unreliable, not compensating when they should. These inconsistencies intensify vulnerability, lead to distrust of insurance, and ultimately have an impact on demand. This publication details the project, which investigated overcoming issues with ground data by using remote sensing data for index insurance. It describes the different remote sensing options and opportunities available for index insurance, but it also recommends further investment in research and development, supplementary ground data and capacity-building going forward. 

The International Fund for Agricultural Development (IFAD) and the International Food Policy Research Institute (IFPRI) were both created in response to the food crises of the 1970s. We have worked together for more than 20 years to catalyze agricultural and rural development and improve food security in Africa, Asia, and Latin America.

IFAD and IFPRI have strengthened the productivity and resilience of smallholder farmers and other rural people, with a particular focus on helping expand their access to innovative local farming methods, climate change mitigation and adaptation technologies and financing, and more profitable markets.

To further promote rural development and transformation, IFAD and IFPRI have built cutting-edge information systems and tools that deliver sound data and analyses to governments, donors, farmer organizations, and other stakeholders. As a result, the two organizations have fostered evidence-based policy making and investments that promote agricultural growth and rural development.

This report provides data and analysis of remittances and migration trends for developing countries over the past decade, as well as the potential contributions of remittance families to reaching the SDGs by 2030.