July 30, 2024 - The PULA deal is crucial for IFC as it addresses the significant challenge of low
agricultural insurance penetration across Africa, essential for food security. Limited field presence
of insurers impede accurate risk assessment. PULA's operations and expansion plans offer a broad coverage,
particularly benefiting small-holder farmers who are underserved by existing insurance arrangements.
By training local agents and automating processes, PULA enhances operational scalability, vital for reaching
more farmers effectively and building their trust.
This aligns with the Finance Investement Group (FIG) strategic goal of supporting food security
and diversifying investments in the region. The deal exemplifies Advisory Services leading to
impactful investments, with GIIF's early support proving instrumental in PULA's growth and credibility,
ultimately strengthening IFC's position as a valuable partner.
Source: https://www.indexinsuranceforum.org/