Pula, a Kenyan leading agricultural technology firm that develops and presents vegetation and cattle insurance final Friday scooped the continent’s InsurTech firm of the year award loyal thru the Sixth annual African Insurance coverage Awards held in Lagos, Nigeria.
The award which targets non-insurers participating with insurers to pork up buyer carrier birth, product model and innovation turned into as soon as organized by the Agrican Reinsurance Company (Africa Re).
The firm turned into as soon as known for efficiently managing over 4.3 million smallholder farmers thru their Residence Be troubled Index and yield insurance product. It presents insurance providers and products and digital solutions to farmers in Africa.
The firm uses the cleave lower experiment as a claim review course of. This review relies carefully on ground cleave cuts and it’s ate up cell apps which relay rapid feedback to possibilities.
After harvest, Pula visits farms to impact Carve Slit again Exercise in portray to make a decision compensation for farmers.
Pula Insurance coverage is furthermore embedded in providers and products and products that farmers exercise reminiscent of seeds, fertilizers, paygo photo voltaic products and credits from monetary institutions.
She renowned that with time, agricultural insurance will seemingly be a necessity product that will motivate change into the agriculture replace in Africa owing to the reality that Agriculture in Africa plagued by several risks along with pests and ailments and climate replace.
“With this award we are extra optimistic that agricultural insurance will seemingly be a necessity product that will motivate change into agriculture replace in Africa .We detect forward as we shut the year and originate up a novel year to accomplice with extra Africa Governments and deepest sector to motivate pressure the uptake of agriculture insurance and pressure resilience for an extra 10Million farmers” Rose Goslinga -Co-Founder mentioned after the award,” Ms Goslinga mentioned.
In addition to predicament yield insurance, Pula presents digital providers and products for the insured famers to motivate them join with regional and world insurance corporations.
Pula has beforehand labored with lots of principal insurance corporations across 12 African international locations and organizations reminiscent of World Meals Program, IFAD, Imaginative and prescient Fund, One Acre Fund, Authorities institutions in Uganda, Kenya, and Nigeria.
It has been ready to compose agriculture insurance accessible to a great deal of smallholder farmers who came across insurance expensive and great to fabricate.
In Uganda, Pula works with the World Fund for Agricultural Pattern (IFAD) to strengthen the oil seed farmers in Uganda in insuring their products. It furthermore partners with Mukwano Neighborhood of corporations.
On high of the predicament yield insurance, Pula bundles digital providers and products for the insured farmers eg sms agronomical pointers loyal thru the planting season.
Pula works with National insurance corporations across the 12 Africa international locations they operate in.
“We desire to send a immense cry out to the devoted personnel of Pula, Partners, Traders, Insurers and smallholder farmers that we work with,” Ms Goslinga added.