Agricultural tech firm Pula scoops end of year InsurTech award

Agricultural tech firm Pula scoops end of year InsurTech award

December 24
08:45 2020
Pula co-founders Rose Goslinga and Paul Njeru

Pula co-founders Rose Goslinga and Paul Njeru

Pula, a pan-africana leading agricultural technology company operating in Kenya,Nigeria and Zambia that develops and provides crops and livestock insurance last Friday scooped the continent’s InsurTech company of the year award during the 6th annual African Insurance Awards held in Lagos, Nigeria.

The Insurtech award which targets non-insurers collaborating with insurers to improve customer service delivery, product development and innovation was organised by the African Reinsurance Corporation (Africa Re).

The company was recognised for successfully managing over 4.3 million smallholder farmers through their Area Yield Index Insurance  product. It provides insurance services and digital solutions to farmers in 12 countries in Africa, with Nigeria being the leading market for Pula.

The company uses the crop cut experiment as a claim assessment procedure instead of just relying on satellite data as a means of compensation trigger. This assessment relies heavily on actual crop cuts exercise at the farmer level and feedback is fed on enumerators pula mobile apps which relay instant after harvest season feedback to clients monitoring dashboards.

Pula  also embeds Insurance in products and services that farmers use ;seeds, fertilisers, paygo solar products and credits from financial institutions.

On accepting the award, Pula’s Co-founder Ms Rose Goslinga, said the award is a testimony of the company’s vision of building resilience and profitability for smallholder farmers across Africa who help drive GDP of the continent.

She noted that with time, agricultural insurance will be a necessity product that will help transform the agriculture industry in Africa owing to the fact that Agriculture in Africa affected by several risks including pests and diseases and climate change.

“With this award we are more optimistic that agricultural insurance will be a necessity product that will help transform agriculture industry in Africa .We look forward as we close the year and begin a new year to partner with more Africa Governments and private sector to help drive the uptake of agriculture insurance and drive resilience for an additional 10Million farmers” Rose Goslinga -Co-Founder said after the award,” Ms Goslinga said.

Pula partners in Nigeria with leading Insurance companies such as Leadway Assurance and Veritas Kapital to help derisk the millions of Nigerian small holder farmers.Through such partnerships,  pula  has been able to make agriculture insurance accessible to a number of smallholder farmers who found insurance expensive and hard to acquire.

In 2020 Pula worked with the Central bank of Nigeria Anchor programme to help derisk the millions of smallholder farmers in Nigeria.This season alone after the flood catastrophe that hit Nigeria,Pula is processing over 1billion Naira to be paid to over 15,774 farmers drawn across Rice,Maize and Cotton Farmers.

Apart from CBN some of Pula clients in Nigeria have been Babban Gona,Flower Mills of Nigeria ,NIRSAL Plc and the Bill and Melinda Gates Foundation

Apart from nsurance, Pula bundles digital services for the insured farmers to help train them on better planting practices and early warning signs which is disseminated via sms

“We want to send a big shout out to the dedicated staff of Pula, Partners, Investors, Insurers and smallholder farmers that we work with,” Ms Goslinga added.

About Author

kammonke

kammonke

Related Articles

2 Comments

  1. TeeKay
    TeeKay December 24, 11:06

    Congratulations to Pula a great way to end the year!

    Reply to this comment
  2. TeeKay
    TeeKay December 24, 11:09

    Congratulations! It’s a great way to end the year!

    Reply to this comment

Write a Comment

Advert

Lives wants to partner with you

We would like to present you with the opportunity to partner with Lives. In this increasing complex world that we live in, partnership and collaboration are tools of business growth. Our wide and diverse reach to different markets and decision makers gives us an edge.  We make things easy for our partners. Watch out for special deals and discounts on products and services for subscribers.

For Marketing Enquiries:

Advertising, Advertorial. Events Coverage etc.

e-Mail: Kammonke@yahoo.com

Telephone: +234-8037265719 Call us today via +234-803-7265-719.

Who we are

Lives is a people-centric news platform which proudly shares stories of change makers who are shaping our collective history. Inspiring stories about people in faith, business, bureaucracy, politics, sports, entertainment, art and culture, and more that are making history and living impactful lives will be shared regularly.

Write for us

Lives welcomes stories from contributors about people impacting their communities. Such stories should be submitted as a Word document, with accompanying photos of the subject. Please submit your article to editor@livesnews.net

SUBSCRIBE

Calender

December 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  

Follow Us