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7. Access recommendations

                     ‘BUILD’ – affordable insurance & finance for growth






            ‘BUILD’           Insurance and finance packages for women & youth

                              •   Research shows 81% women regionally want access to affordable insurance, with 95% in
            Drivers               Suriname and 80% would like access to affordable loans, 98% in St Lucia.
                              •   ‘BUILD’ will package financial services in a way that is targeted, accessible and affordable
                              •   Establish best practice regional requirements for ‘fair’, ‘affordable’ and effective finance products
                                  including loans, insurance and grants.
                              •   Create a regional “good practice coalition” with key private sector finance partners to identify
            Description           innovation in this space in the region and amplify existing initiatives or establish new ones
                              •   Represent women & youth in the evolution & design of products (e.g. ‘loans, pro-poor non-trad
                                  finance (eg mobile) and cross-sector partnerships such as insurance and savings/ pensions
                              •   Package and tailor at a local level through marketing & distribution of products to women & youth

            Potential         •   Insurance and finance: Sagicor, CIBC, Credit Unions, Development Banks (IADB, CDB), Livelihood
            Partners              Protection Policy (LPP) Climate Risk and Insurance in the Caribbean (CRAIC)
                              •   Intermediaries: trusted co-operatives, NGOs, input suppliers
                              •   Governments: relevant stakeholders and Ministries in SAC country government
                              •   Other potential innovators: Telcos, Producers/ Offtakers, Supermarkets

            Motivations       Insurance and Finance: product penetration, market share, revenue and replicability. Build reputation
                              as champion of women and attractive employer for women and youth
                              Intermediaries: potential to expand income and women’s involvement in distribution
                              Governments: remove policy constraints, expand social security and poverty alleviation
                              Development Cooperation Agencies: gender equality and financial sector development

            SAC role          •   Represent women and youth, motivate industry players, fund experts and marketing


    Sustainable Agriculture in the Caribbean (SAC) Project

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