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