Pula: Pioneering insurtech helps to improve Africa's food security

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With Kenyan insurtech Pula’s micro-insurance products, millions of farmers no longer have to bear the full risk of losses from natural disasters and crop failures

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Across the world, the food security of more than 2bn people depends on the unpredictable yields of half a billion small-scale farmers. In Africa, over 50m smallholders provide up to 80% of the continent's food supply. But smallholding farmers often face bankruptcy due to natural disasters. Although micro-credit has taken off, low-cost, tailor-made agricultural insurance is uncommon within the SME agricultural sector.In 2015, Dutch-born economist Rose Goslinga and Kenyan actuarial consultant Thomas Njeru decided to tackle this “idiosyncrasy” in the market and set up Pula Advisors to pionee...
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Edited by Suzanne Soh, S. Mani

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