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Technology helps farmers weather the storm (or drought) via crop insurance

by Futures Centre, Sep 18
1 minute read

Nearly 400 million farms are dependent on rainfall to succeed, but only 3 percent are protected by insurance. Simon Schwall founded Oko to provide low-cost crop insurance for small farmers in rural Africa, with a mission to help overcome income distribution insufficiencies for those who feed the world.

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So what?

Using index insurance, the company utilizes data analysis and risk calculation rather than onsite inspections to build a cheaper, more accessible policy for rural customers.



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