Increasing Financial Resilience and Tackling Climate Change!!
All of them face the repercussions of any climate event impacting agriculture activities!
Cost-effective | Tailor-made Products | Faster Payouts | No claim filing
Agri and allied businesses, Food companies, Input companies, Insurance and Reinsurance companies, Government and Development in the direction of providing financial resilience to fight climate change, we develop weather-index based solutions for :
The SCALABILITY of IBISA’s solution design has allowed us to operate in 4 different continents with different projects in Philippines, India, New Zealand, Guatemala, Niger, and Senegal.
We can enter new market rapidly and establish partnerships with local stakeholders to scale our solution in a faster, efficient and cost-effective way!
The process for designing any insurance cover or develop an index that can be used to trigger payouts is based on the following components:
It manages all the downloading, controlling, processing, and analyzing of weather and climatic data.
This is used to design coverages in a fast and scalable way. It also includes a module of risk modeling and actuarial pricing of the coverage, that can include Monte Carlo simulations.
This acts as a loss assessment and claim settlement platform that helps stakeholders to monitor the performance of the policies in a simple and scalable manner.
IBISA is a very inspiring project. It’s a prime use case that shows how an industry can use innovative technologies to create new generation of services to target customers that can’t afford classical offers. We are proud to work with this incredible team.
Risk management is one of the key interventions for ensuring sustainable livelihoods and IBISA is very helpful to our farmers because it is truly mutual protection. It mitigates their losses and helps them to improve their farm practices. There is no need to file claims, no waiting period and automatic payment. This solution plays a vital role in the poverty reduction and economic empowerment of our farmers.
IBISA helps us to create an affordable mutual insurance solution for drought related risks. This will be a stable mechanism to cope with drought risks and stimulate financial empowerment. Therefore we aim to scale up through all 9 countries in West Africa (Burkina Faso, Mali, Mauritania, Senegal, Chad, Benin, Togo, Nigeria, Niger and Cote d’Ivoire) we work and realize sustainable and lasting mutual protection and economic growth.