Technology is shaping the business of Insurance globally and Africa is not left behind. The new way of tracking and verifying when harvests fail, using an app on a smartphone, is intended to result in a cheaper and more effective type of Insurance than commonly used Schemes based on satellite imagery or agents visiting fields in person.
Index based Crop Insurance which has been promoted widely among small scale farmers has not worked well for many Farmers. In Kenya, Farmers are learning to take Photos of their land starting from before a Crop is sown to after it is harvested or damaged by extreme weather. This new technology project is trying to combine the information collected by farmers on their smartphones with satellite data. The combined data makes it easy to determine whether a farmer gets a payout. This pilot scheme aims to boost farmers trust in Crop Insurance, which has been dented by bluntness of satellite technology as a basis for approving claims payouts.