Enhancing agricultural resilience in Uganda with premium support from ISF
Uganda's agriculture sector, the largest source of employment and livelihood for its population, faces severe challenges due to natural and climatic shocks. These threats endanger crop yields, livestock, and food security, leaving farmers particularly vulnerable to economic instability. In response, the InsuResilience Solutions Fund (ISF) co-funded the development and implementation of an index-based insurance solution. Following the successful development and launch of the insurance mechanism, ISF is now extending its support through premium subsidies.
This initiative is being implemented in partnership with Agro Consortium (U) Limited, a coalition of insurance companies providing agriculture insurance under the Uganda Agriculture Insurance Scheme. The project aims to ensure the continued accessibility of the insurance product, especially for low-income farmers in high-risk areas who are unable to afford unsubsidised rates.
The insurance product covers a wide range of risks, including droughts, floods, and localised perils such as hailstorms, excess rain, and landslides, helping farmers recover from significant losses. Its implementation has significantly strengthened resilience within Uganda's agriculture sector, enabling farmers to sustain their livelihoods with reduced exposure to financial shocks.
Further supporting the programme's expansion will boost the sustainability of the approach and highlights its critical role in promoting sustainable agricultural practices and enhancing economic security for Uganda's most vulnerable communities.