CNAAS: Upscaling agricultural insurance to reach sustainability

Compagnie Nationale d'Assurance Agricole du Sénégal (CNAAS), the only agricultural insurance company in Senegal, is a public-private partnership, with the government owning 45 per cent and the balance owned by private actors like (re)insurers and fi-nancial institutions. Following its experience in implementing successful agriculture insurance pilots and protecting more than 500,000 farmers, CNAAS wants to develop a business strategy to reach scale and sustainability.

Pilot objectives

• Consolidate business models with different distribution channels (for example, value chain ac-tors, banks, microfinance institutions and mobile network operators)
• Improve processes and operations through a digital transformation process
• Explore business-oriented solutions to offer agriculture insurance without subsidies

Pilot activities

• Assess past and current pilots implemented by CNAAS
• Capture lessons learned and develop knowledge-sharing products from CNAAS experience
• Provide technical inputs to IT service providers and oversee the development of a digital plat-form and digital payment solution
• Develop and deliver training modules to build the capacities of field agents in using the new digital solutions
• Assess agricultural insurance models and identify successful factors to reach sustainability (with and without subsidies)
• Conduct market research and assess the added value (for example., access to finance) provided to smallholder farmers by CNAAS offering

Learning agenda

• What are the most effective business models to reach scale?
• How to reach sustainability without subsidies?
• How to increase the use of digital solutions among field agents and smallholder farm-ers?
• How will the digital platform improve client experience?