#1ACRE Africa Ltd Disruptive Agricultural Technology Challenge April 5-6, 2019 | Nairobi, Kenya acre AFRICA#2acre AFRICA About ACRE Africa ACRE Africa, the brand name of Agriculture and Climate Risk Enterprise Ltd. (ACRE), links farmers to insurance products so that they can confidently invest in their farms. These products varied from crop, livestock and index insurance products to shield farmers against unpredictable weather conditions. Through localized solutions that reduce climate-associated risks. acre AFRICA#3acre Problem statement AFRICA • Kenya has about 15.9 million small holder farmers all of whom face weather related risks in their enterprise. • It takes a farmer 2 to 3 seasons to recover after a w9leather related devastation. Weather related risks affect the capacity of farmers to produce which impacts on their livelihoods and food security. Major drought has immediate and long term impacts on household livelihoods. HOUSEHOLD ASSETS DROUGHT SURPLUS DEFICIT acre AFRICA#4acre AFRICA The Product Overview of solution ; Bima Pima We provide commoditized insurance products inform of an off the shelf scratch card that can be distributed through Bundling with seeds bags. This is an all season cover that protects a farmer's investment on inputs. Features • The product will enable farmers to use their mobile phones to pay premiums in small affordable bits. • Mobile money payment system for premium collection and savings component. • Use of USSD and satellite for data collection and contract monitoring. acre AFRICA#5acre AFRICA The Product; Bima Pima BIMA PIMA KINGA YA UKAME Lipa Ksh.50 scatch here >> Get protection of upto Ksh.500 BIMA PIMA IN DETAIL The Bima Pima, Kinga ya Mkulima protects you from losses by refunding you up to Ksh 500 in case of insufficient, excess or poorly timed rainfall throughout the season. The refund will be made through the M-Pesa number you used to register/activate the Bima Pima card. For more information call us on the number provided below. Call 0790 499 599 for assistance acre AFRICA UAP Safaricom Twaweza To activate the product, farmers will dial a USSD code integrated with Mpesa to enable remittance of the initial ksh50. Farmers will then be triggered to top up via SMS to top up whatever amount they can afford. From our pilot over 50% of farmers who paid the initial ksh50 topped and the average amount of insurance bought was ksh200 securing ksh2000. We have managed to insure 4000 farmers during the pilot phase. acre AFRICA#6acre Our scale-up plan AFRICA Target: 300,000 farmers to be reached by 2021 ACRE Africa Scale Up Plan 50,000 150,000 300,000 2019 2020 2021 acre AFRICA#7acre AFRICA How We Shall Do It • • • Value Chain Expansion - add on sorghum, palses and others. Onboarding more input manufacturers- more seed companies. Geographical Expansion - to Uganda, Tanzania and West Africa. Franchising - Allowing insurance companies to brand the product. acre AFRICA#8acre AFRICA Revenue Model ● Primary Revenue Stream - Premium Collection. Our Value To The Platform • We shall de risk farmers in the platform using affordable insurance products as well as partners using agri-risk advisory products. Partnerships - We shall bring the partnerships we have forged so far with mobile networks, insurance companies and seed companies (over 7 million units of seedbags distributed each year) • ACRE Products - credit scoring capability that analyzes the probability of production based on weather data, village champions, scale down weather advisory for different crops. acre AFRICA#9acre AFRICA Leveraging the platform To Scale Data Resources - Pest and Disease data analytics to be used for product development and improvement. From weather index only to multi peril crop insurance. - Financial ressources – Agri -insurance is relatively new to most small holder farmers we need to produce farmer on boarding, training and product activation materials. Policy - Overcome barriers to micro insurance uptake such as the requirements for a pin number of each insured individual. Admission of other proofs in insurance such as photos for picture based insurance. We have already identified platform partners such as Capture Solution as collaborators in insuring 75,000 farmers they have, Precision Agriculture for Development for data provision to improve product development and Water Watch Cooperative for pest and disease monitoring which will be used for insurance product improvement and monitoring. acre AFRICA#10acre AFRICA Annex: Meet the team Name: George Kuria Role: CEO Expertise/skills: Insurance and Finance Years of relevant experience: 18 Name: Rahab Kariuki Role: Chief Innovation Officer Expertise/skills: Years of relevant experience: 10 Name: Patrick Sampao Role: Digital Product Manager Expertise/skills: 9 Years of relevant experience: acre AFRICA