Ventures

Blue Marble incubates and implements microinsurance ventures that that advance food security, financial inclusion and microentrepreneurship. Blue Marble’s venture process involves four stages: idea generation, acceleration, pilot and scale.

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Zimbabwe

In Zimbabwe, we are addressing the financial vulnerability of smallholder farmers through the provision of affordable insurance protection against drought and excess rainfall.

Focus area: Agriculture
Stage: Pilot (launched in November 2016)

Features: 

  • Designed a highly-customizable index product that can adapt to different soil types, crops, seed varieties and farming practices
  • Protecting farmers across a number of crops, including maize and paprika
  • Innovating on the use of remote sensors and two-way mobile communication channels to improve the quality and scalability of agriculture microinsurance
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COLOMBIA

In Colombia, we are extending crop insurance protection against adverse weather conditions to smallholder coffee farmers in partnership with Nestlé Nespresso S.A.

Focus area: Agriculture
Stage: Pilot (launched July 2018)

Features: 

  • Embedding the insurance proposition in the farmers' value chain together with a world leader in shared value creation
  • Using leading edge technology to design, communicate, and monitor the program
  • Using behavioral science for customer testing and financial literacy campaigns