New initiatives for Asia
We are prioritizing Bangladesh, Cambodia, Indonesia, India and Myanmar as the first countries for insurance operations in Asia. Entrance into each new country requires careful preparation. We conduct feasibility studies, develop local capacity, run pilots, and then roll out in full.
Feasibility studies assess the local relevance and viability of insurance as a risk management tool. This requires us to understand the challenges facing agricultural value chains. Our team uses desk research, stakeholder meetings, field visits, farmer feedback, mobile market intelligence and financial screening to identify value chains with high insurance potential. Identifying innovative and dedicated aggregators reaching large numbers of farmers is vital. With these clients, the team tailors products. The pilot phase will be accelerated in the initial countries by adapting experience from ACRE Africa.