It’s remarkable how innovation, instigated by companies like Kenyan insurtech, Pula, is reshuffling the cards for small-holder farmers in developing countries. Often faced with the wrath of indisposed climate conditions or devastating pest invasion, these farmers find solace in Pula’s insurance model. Let’s dive into the top five groundbreaking strides Pula has made since it launched in 2015.
1. A Panoramic Reach
Beginning with just a handful of farmers, Pula now safeguards the livelihood of an impressive 15.4 million farmers cut across critical continents. By permeating into Asia, Africa and Latin America, Pula has managed to augment its geographical presence and create a solid farm insurance network.
2. Staunch Protector in the Face of Risks
Weather extremities and pest attacks, among other anomalies, can come rampaging onto agricultural yields. Pula’s insurance structure diligently cushions farmers from these nightmares, creating an uninterrupted farming environment.
3. A Fruitful Beginning
Pula’s relentless quest for sustainability and profitability translated into its successful inception in 2015. Their unique insurtech model was an immediate hit with small-holder farmers starved for risk cover in emerging markets.
4. Constant Expansion and Growth
Pula’s portfolio of farmers has seen steady propulsion since its establishment, further testifying its effectiveness and acceptance among the farming community. Their continued expansion breaks free from geographical limitations, working towards consolidating a global farming network.
5. An Inclusive Framework for All
Pula’s model is congenially composed to embrace every farmer irrespective of their land’s size or location. Their focus does not waver from their primary aim – to protect the one who feeds the world.
In a nutshell, Pula has altered how agricultural insurance is perceived and executed, adding a substantial layer of security and assurance for farmers. By removing potential barriers and exposing an inclusive insurance model, it has confidently carved its own path in the sphere of insurtech. Their journey is one of empowerment, guaranteeing that no farmer bows down to the unpredictable nature of farming. The world watches as this tiny dot on the agricultural insurance map expands its beneficiary circle, promising a safer, insured tomorrow for millions.
Credit: BBC. TechCrunch, Reuters
