Rapid prototyping for inclusive insurance: Testing customer challenges and gaining early insights on feasibility

This brief was originally published by the International Fund for Agricultural Development as part of the INSURED program's Insurance Toolkit.

It is crucial that donors and partners supporting inclusive insurance projects understand the importance of prototyping and plan for it at a high level in project design and implementation processes. This brief highlights the processes and practicalities of the rapid prototyping method. This technical tool was developed as part of the International Fund for Agricultural Development (IFAD) funded grant project “Managing Risks for Rural Development: Promoting microinsurance innovations” currently being implemented by the MIC@M and published by IFAD as part of its INSURED program’s Insurance Toolkit.