Agricultural Micro-Insurance in the Caribbean

The project aims to develop agricultural insurance as a cost effective mechanism to protect the livelihoods of low-income farmers in the Caribbean. The project starts by providing insurance cover to banana farmers in the Eastern Caribbean. As the project progresses it aims to expand its coverage from 3 000 farmers to 15 000 reaching about 50 000 beneficiaries supporting more countries in the region as well as more crops including nutmeg cocoa coffee and rice. The project also assists farmers to implement disaster risk reduction techniques. The project is implemented in collaboration with the Caribbean Development Bank and the Government of United Kingdom’s Department for International Development.

The expected intermediate outcomes for this project include: (1) Enhanced equitable delivery of insurance products to women and men farmers in the Caribbean; (2) Improved reinsurance mechanisms available in the Caribbean.