What is Wiingou Impact?
Wiingou Impact is a branch of Wiingou, specialising in the development of precision agriculture solutions for emerging countries.
Through Wiingou Impact, we are able to tailor our solutions to meet the challenges faced by farmers in developing countries.
The parametric insurance process
Step 1
Choice of crop to be produced by the farmer, for a given period.
Step 2
The farmer approaches their bank to finance the purchase of inputs, equipment or increase their cashflow.
Step 3
The bank transfers the file to Wiingou to calculate the risk and the corresponding guarantee.
Step 4
We calculate the risk on the basis of the location, the agronomic profile of the plant, satellite data and climate data.
Step 5
Setting parameters:
- Type of insurance
- Type of crop to be covered
- Coverage period
- Area to be covered
- Index threshold
Step 6
Electronic signature of the contract by all parties.
Step 7
Monitoring of the evolution of climate indices determined beforehand with certified data from NASA and NOAA.
Step 8
When a threshold is exceeded, compensation is automatically triggered.