Lessons Learned "Index-Based Agricultural Insurance" - OKO in Mali

Despite the importance of insurance in mitigating financial losses from hazards or damaging events, the penetration rate of insurance remains low in developing countries. Efforts by all stakeholders in the sector are needed to provide more accessible and responsive solutions for low-income populations.

In 2020, ADA decided to support the work of OKO, an insurtech in Mali that distributes index-based agricultural insurance products to small-scale maize producers via mobile phones, along with conducting a customer survey. This document summarizes the findings of this survey and the lessons learned from the project.