Problem: Traditional agricultural insurance is too expensive for most farmers.
Solution: A weather index insurance uses proxies to estimate farm losses while payouts are calculated automatically and sent via mobile phone to a farmer's "mobile wallet." No claims, no farm visits.
Impact: 100,000 insured farmers in Kenya and Rwanda increased annual income by 16% and invested 20% more in their farms than uninsured neighbors.
About The Tech Museum of Innovation The Tech Museum of Innovation is a hands-on technology and science museum for people of all ages and backgrounds. The Tech—located in the Capital of Silicon Valley —is a non-profit, experiential learning resource established to engage people in exploring and experiencing applied technologies affecting their lives. Through programs such as The Tech Challenge presented by Cisco, our annual team-design competition for youth, and internationally renowned programs such as The Tech Awards presented by Applied Materials, The Tech endeavors to inspire the innovator in everyone.