Published on July 9, 2025 Updated on July 9, 2025

New article in Let's Talk Development, a section of the World Bank Blogs

by Pauline Castaing (World Bank Group) and Jules Gazeaud (CERDI, CNRS)

Traditional insurance for smallholder farmers in low- and middle-income countries (LMICs) is prohibitively expensive. Serving rural and remote areas requires costly on-site visits to assess risks and verify losses. In addition, the information available to insurers about farmers' practices, and what they are exposed to, is limited, which drives the insurance cost up due to the higher premiums charged to cover the uncertainty. 

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