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WORKSHOP ON INDEX INSURANCE – AN INNOVATIVE AGRICULTURAL MANAGEMENT TOOL

Programme Highlight

Index-based insurance is a different kind of insurance that has the potential to create opportunities for farmers to access finance and better farm inputs that can help protect their livelihoods after sub-optimal growing seasons. This type of insurance operates in a system that includes government and the private sector, local insurance companies and international reinsurers, banks and agricultural value chains. Understanding the interrelations between the system elements is essential to ensure development, farmer acceptance, and sustainable growth over time.

Key learning Objectives

At the end of the course, participants will be able to:
1. Understand the concept of index-based insurance and its role as an agricultural risk management tool, as well as its limitations
2. Know the requirements to develop and sell index-based agricultural insurance products
3. Understand the requirements for data, and the connection between data, the insurance product, and the insurance premium
4. Discuss successful distribution models for index-based insurance products
5. Understand pricing, the need for reinsurance and how reinsurers can help designing better products
6. Understand the importance of claims management for providing better value to clients
7. Understand the role of technology in optimizing index insurance processes and overcoming challenges linked to index insurance provision
8. Understand the typical roles of government, the private sector, and the farming communities and the importance of partnerships
 
 

 

Contact Info

The Malaysian Insurance Institute 197701004772 (35445-H), 

No. 5, Jalan Sri Semantan 1,

50490 Kuala Lumpur,

Malaysia

 

Tel : +603 2087 8883

Email : customercare@mii.org.my

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