Agriculture insurance and climate-related risk assessment: Stimulating climate-smart agriculture markets | Policy, Malawi 2019
SEED Practitioner Labs Policy Prototyping Malawi brought together policy-makers, eco-inclusive enterprises, and intermediaries over a multi-step collaborative process to design policy instruments that increase access to and improve the quality of support mechanisms for socially inclusive and environmentally sustainable enterprises looking to scale their impact.
The policy instrument that combines agriculture insurance and climate-related risk assessment for decentralised capacity building networks, developed by MicroInsurance Services Ltd, will build decentralised capacity-building networks (supported by public and financial sector partners). This instrument aims to raise awareness and reduce the climate-related vulnerabilities of smallholder farmers and agribusinesses by developing and delivering risk management and adaptation solutions which are catered to these enterprises and the localised ecosystems in which they operate. This solution will inform policy by collecting data and evidence through agricultural associations and municipal extension services on the uptake and barriers to investment in climate-smart practices.