AGRICULTURE PARAMETRIC INSURANCE WEBINAR

TRAINING OVERVIEW
Parametric insurance provides a payout based on the occurrence of a predefined event, measured by a specific parameter or index, rather than the actual loss incurred. It offers a modern, efficient alternative to conventional insurance, especially suited for situations where quick financial support is critical. Its growth reflects a broader trend towards innovative risk management solutions that leverage data and technology to address complex challenges.

The aim of this training is to highlight key parametric agriculture insurance solutions in the market, their respective features, critical underwriting requirements, and claims administration processes. The desired goal is to equip participants with an understanding of the core principles of agricultural insurance and its pivotal role in risk mitigation.

LEARNING OBJECTIVES
By the end of this course, participants will be able to:
• Explain the fundamental concept of parametric insurance and how it differs from traditional indemnity insurance
• Discuss the basic principles underlying parametric insurance, including triggers, parameters, and payout structures
• Identify different types of parametric insurance products available in the market

COURSE CONTENT

Wednesday, 25th March
• Global state of agriculture insurance
• What makes agriculture insurance risk insurable
• Advantages and common challenges of parametric insurance
• Classification of agriculture insurance and key features
• Underwriting principles and considerations

Thursday, 26th March
• Crop insurance products overview:
– Index-Based Crop Insurance
– Weather-Based Index (WBI)
– Soil Moisture Index (SMI)
– Index-Based Livestock Insurance (IBLI)
– Picture-Based Insurance (PBI)
• Product development stage-gate process

TARGET AUDIENCE
• Insurance professionals specializing in or transitioning to agriculture insurance
• Agriculture stakeholders (graduate-level students, lenders, agribusinesses, policymakers) interested in risk management
• Professionals from relevant fields (climate science, data science, finance, actuarial science) seeking expertise in this niche

LOGISTICS
The training will be conducted via the ZEP-RE Academy LMS. Participants are required to have a reliable internet connection and a digital device—preferably a laptop or tablet.

TIME
11:00 AM EAT / 10:00 AM CAT / 9:00 AM WAT

DELIVERY
Each session will consist of a 90-minute presentation by facilitators followed by a 30-minute Question & Answer session to address participant questions, comments, and observations.