Quality Index Insurance Certification (QUIIC), is now available in eastern and southern Africa to certify that existing or planned index insurance products and interventions will work as promised. For national governments and donors, QUIIC can ensure that investments in index insurance are worthwhile.
High-quality agricultural index insurance has shown promise in promoting resilience among small-scale farmers who face a constant risk of drought and other weather-related shocks. However, despite decades of investments this tool has yet to achieve its broadest impact in part because of low-quality contracts that don’t reliably pay farmers for losses and that sometimes pay when there are none.
