Index Insurance in Uganda

A real business with the potential to serve millions. This project started in October 2021 and is set for two years.

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With this project, we aim to expand agricultural insurance services to the rural populations across Uganda, reducing vulnerability to climate shocks, whilst increasing access to finance inputs, and information necessary to improve agricultural outputs, revenue, and livelihoods in rural Uganda. 

For this, eLEAF is using satellite data. Not only to assess the climate risk of the different locations in Uganda, but through near real-time index monitoring of the entire country, we also provide near-real-time information on the ongoing crop season and how the conditions compare to the expected ones.

Develop new risk models and improve the current excess rainfall coverage model by developing more sophisticated, crop and, location-tailored solutions. A new risk model / index product to expand on the types of coverage will be developed. 

Whilst drought is of the main risks in terms of relevance to the sector as a whole, in specific regions and for specific crops excessive precipitation, shifting weather patterns, changing temperatures, or other climate-related factors may determine yields/productivity. We will offer a more comprehensive set of products that can provide meaningful coverage against risks to serve the market more fully and stimulate more rapid upscaling of insurance uptake.

Another step at the end of the project will be to expand the insurance portfolio up to 300.00 by the year 2025.

Until now, we developed 5 indexes. eLEAF is currently working on three new ones, regarding the necessities of our partners.

These are:

  • Generic drought and excess rainfall index
  • Arabica (coffee) drought and excess rainfall index
  • Robusta (coffee) drought and excess rainfall index
  • Maize/beans drought and excess rainfall index
  • Potato drought and excess rainfall index

Our partners

For this project there are four partners:

  • Agro Insurance Consortium, legally represented by Sanlam
  • Agricultural Reinsurance Consultants
  • OKO Finance
  • eLEAF (Project coordinator)
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Don’t hesitate to contact us for more information.

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