Company Description
Created in 2007, PlaNet Guarantee is the subsidiary of PlaNet Finance Group dedicated to the promotion and the development of microinsurance.
PlaNet Guarantee is a social business, which aims at being a link between low income populations and insurers and reinsurers.
The final goal is to develop a range of microinsurance products, as diversified as possible, and tailored to needs, as well as to implement microinsurance programs within MFIs and other distribution channels by operating know-how transfers.
To achieve its objective, PlaNet Guarantee builds strong partnerships between the different stakeholders of microinsurance: operator, insurers, reinsurers, microfinance institutions and other microinsurance delivery channels, technical solutions providers, etc.
These partnerships are essential as they bring in together the core expertise necessary to achieve PlaNet Guarantee’s primary goal: to provide sustainable and affordable microinsurance protection to low-income populations worldwide.
PlaNet Guarantee organises its operations along two axes: Research & Development and Brokerage Activities. Research and Development: each context is specific, with an absolute need for a tailor-made solution.
We work on elaborating innovative risk management tools, which respond to the specificities of each market. Once these tools are put in place, PlaNet Guarantee ensures the sustainability of the scheme through its brokerage activities. Brokerage Activities: as a broker, PlaNet Guarantee acts as an intermediary between insurance companies and final clients by managing the microinsurance scheme.
Project Description
In the framework of its activities, PlaNet Guarantee is implementing a feasibility study on index-based crop insurance in Kenya. Index-based crop insurance is gaining attention as an important tool to help cope with climate risks that small-scale farmers face. Insurance is paid when the threshold defined by the index is reached.
Thus, the index functions in a systematic way and avoids problems of fraud and high costs linked to claim settlements and these costs savings can be transferred to the farmers in the form of lower premiums.
The index can either be based on the climate (weather stations or satellite data) or on the average yield. The index’s advantage lies in the fact that it is objective, easy to check and transparent.
PlaNet Guarantee proposes to conduct the following activities:
Determine the feasibility of index-based crop insurance in the Kenyan context
Build the index and the product
Test the commercial viability of the product
The Project will aim at reaching the following specific objectives:
Possibility to build a crop insurance index
Determine the typology of the demand
Determine appropriate distribution channels
Estimate the price, policy and guarantees of the product
Analyze the regulatory framework
Conduct a pilote to adjust the product
Job Description
In order to carry out the project’s activities a local coordinator is needed to:
Analyse local market and contact local authorities involved in the agricultural sector
Identify and contact local financing agencies involved in agricultural financing
Manage the administrative and financial aspects of the project in accordance with the funding agency’s requirements
Accompany experts on field missions
Lead focus group discussions
Collect secondary agronomist data
Analyse the regulatory framework
Draft a feasibility study report
Identify possible distribution channels
Negotiate partnership agreements
Conduct training sessions
The local coordinator will report to the microinsurance expert and will be under the authority of the Project director.
Required Skills and qualifications
Suitable candidates will have previous project management experience
Strong knowledge of microinsurance/insurance/microfinance is a must
Fluency in Swahili and English is necessary
Master’s degree or higher
Strong interpersonal, verbal and communication skills
Strong organizational and time management skills
Knowledge of local economy and local agricultural sector is desirable
Conditions
1 year consultancy contract
Salary to be negotiated
How to apply:
Please send resume and cover letter to: sregent@planetguarantee.org or sweber@planetguarantee.org
Only candidates selected for an interview will be contacted
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