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.
![close-up photography of white petaled flowers](https://www.thefuturescentre.org/wp-content/uploads/2023/06/thz-vhz2oo0-1280x500.jpg)
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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