Agriculture insurance in Democratic Republic of Congo Qorus-NTT DATA Innovation in Insurance Awards 2025 - Winner

Starting in 2025, a climate insurance product will be launched to protect up to 300,000 farmers in the three pilot provinces from drought (early and mid-season) and excessive rainfall (late season).

In the event of a severe climatic shock, the climate insurance will protect farmers benefiting from the NADP through direct and rapid payments, with amounts that could, in the most extreme situations, reach up to $100 of coverage per farm annually, representing around 15% to 20% of a farmer’s average annual income. This compensation will enable farmers to purchase seeds and resume farming activities for the following season or year. Compensation will be paid directly to farmers without intermediaries or commissions First climate insurance product: an innovation based on satellite data

This solution was developed in collaboration with experts from the DRC Ministry of Agriculture, the Autorité de Régulation et de Contrôle des Assurances (ARCA), the World Bank, AXA Climate, the World Food Programme and national insurance companies. During a series of working sessions, stakeholders jointly designed the main technical and operational parameters of the insurance product. This parametric insurance product, underwritten by the DRC Ministry of Agriculture and financed by the World Bank with the support of the Global Shield Solutions Platform, relies on indices derived from satellite rainfall data (TAMSAT and ERA5). When satellite data indicates that pre-defined rainfall thresholds have been exceeded, the compensation process is automatically triggered within hours.

The product will be distributed by Mayfair Insurance Congo SA, the leading member of a national consortium comprising other insurers operating in the DRC (ACTIVA, RAWSUR, GPA, Société Financière d’Assurance, SONAS, and SUNU). Reinsurance will be provided by ZEP-Re.