Index-Based Agricultural Insurance Development Programme in Côte d’Ivoire
OBJECTIVES:
To strengthen the financial protection and resilience of smallholder rice producers in Côte d’Ivoire against climate-related risks by implementing an innovative index-based agricultural insurance scheme that facilitates quick and transparent indemnification, promotes climate-smart agricultural practices, and improves farmers’ access to financial services.
Target country:
Côte d’Ivoire
Duration:
2021 to date
Budget:
Euros 5.6 million
INNOVATIVE FEATURES:
First large-scale use of index-based agricultural insurance as an agricultural input, similar to seeds or fertilisers.
Personalized “service card” for each rice producer enabling easy identification and streamlined access to insurance and credit products.
Transparent and objective indemnification triggered by climatic indices rather than individual loss assessments.
Integration of financial literacy and climate-smart agriculture training to strengthen farmers’ resilience beyond insurance payouts.
Multi-stakeholder collaboration involving insurers, government, international agencies, cooperatives, technical partners and re-insurers to ensure sustainability and scale.
KEY OUTCOMES:
2024 Achievements
44,158 rice producers insured
20,714 rice producers indemnified
Total payouts distributed: 299,656,085 FCFA
Coverage across 93 agricultural cooperatives in 9 key agricultural zones
2025 Targets
Expand coverage to 80,000 rice producers, targeting 125,000 by the end of project in 2026
MEDIA: