🌍 Key Lessons from Lloyd's Lab: Getting comfortable with being uncomfortable 🚀 Our journey at Lloyd’s Lab has been a transformative experience, marked by reflection, collaboration, and growth. These lessons are shaping the future of myUbuntu as we continue our mission to empower smallholder farmers across Africa. 👂 Listening The feedback we received from industry mentors challenged us to think critically about our pricing model, ensuring that our solutions remain accessible while maintaining long-term sustainability. 💪 Strengthening We refined our approach to emphasise the three pillars that matter most to farmers: fast payouts, affordability, and ease of access. These adjustments are critical to making our parametric insurance solution truly impactful. 🧠 Understanding This journey was a deep dive into the insurance ecosystem. We’ve developed a stronger understanding of the market, allowing us to refine our product offering and align it with real-world needs. The insights and connections gained through Lloyd’s Lab are paving the way for a brighter future. With renewed focus and strengthened partnerships, we’re ready to take the next steps in transforming agriculture through innovative insurance solutions. We’re incredibly grateful to Lloyd’s Lab, our mentors, and our supporters for helping us along this journey. Together, we’re building a future where no farmer is left behind. 🌱 👉 Swipe through the carousel to see how this journey has shaped us and follow us for more updates! JP Fabri Nicky Gouder Nigel Daura Jack Bassett Timon Halbach Mikir Shah Mark Huxley FRSA Chloe Kaye Kieran Linger RapidWorks Dan Kay Rupert Weterings Rupesh Appannah Leticia Boakye Danquah, ACII
myUbuntu
Holding Companies
Transforming lives across Africa by pioneering innovative and inclusive solutions in parametric insurance and agritech.
About us
At myUbuntu, we believe that Africa’s future lies in the hands of its smallholder farmers. These farmers are the backbone of the continent, feeding nations and sustaining communities. However, they are also among the most vulnerable to the growing threats of climate change, financial instability, and market inefficiencies. At myUbuntu, our mission is simple yet profound: to empower these farmers by delivering innovative, scalable solutions that provide security, stability, and growth. Our work is centered around two transformative pillars: Parametric Insurance Solutions and the myUbuntu Agri Platform. These initiatives are designed to address the most pressing challenges that farmers face today, ensuring that they have the tools, knowledge, and financial security to not just survive—but thrive—in an increasingly uncertain world. Smallholder farmers across Africa face a formidable enemy—climate change. Unpredictable weather patterns, including droughts, floods, and temperature extremes, threaten their livelihoods every season. Traditional insurance models have proven insufficient in addressing the unique challenges of these farmers, who often cannot afford high premiums or wait for lengthy claims processing in times of crisis. That’s where myUbuntu steps in. Our parametric insurance solution is a game-changer. It’s fast, affordable, and designed with the specific needs of African farmers in mind. Unlike traditional indemnity insurance, parametric insurance provides payouts based on pre-agreed triggers such as rainfall levels, temperature thresholds, or other weather indicators. This means that when adverse weather strikes, farmers receive automatic payouts without the need for time-consuming claims assessments. For a smallholder farmer, a single season of crop loss can mean the difference between recovery and ruin. Parametric insurance is not just a product; it’s a promise—a promise that no farmer should be left without support in their time of need.
- Website
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www.myubuntu.com
External link for myUbuntu
- Industry
- Holding Companies
- Company size
- 2-10 employees
- Type
- Privately Held
- Founded
- 2024
- Specialties
- Parametric insurance, Africa, Agriculture, Digital transformation, Insurance, and Climate change
Employees at myUbuntu
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Gabriele Villa
Official BBC News Representative | Innovator in Humanitarian Shelter Solutions | Driving Agritech Transformation in Africa
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Nicky Gouder
Partner at Seed & CBDO at Binderr | Citizenship & Residence | Malta
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JP Fabri
Economics | Parametric Insurance | Payments | Advisory
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Jack Bassett
CCIS | Professional & Executive Risk | Technology & Emerging Risks | Strategic Risk Management & Insurance Advisory | Lockton Innovation Lead |…
Updates
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🌍 #Africa has a potential to drive a green and digital renaissance 💻 In his weekly piece on The New Times (Rwanda), our co-founder JP Fabri argues that #Africa has the potential to drive a green and digital renaissance that could reshape its economic landscape. Sharing insights from a European Investment Bank (EIB) report, the article provides a roadmap for unlocking this potential by aligning investment strategies with the continent’s unique needs and opportunities. By focusing on #digitaltransformation, #climateresilience, and #sustainablefinance, Africa can build a more inclusive and prosperous future. However, this will require bold leadership, innovative thinking, and sustained commitment from both African nations and their global partners.
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🚨 A Call to Action: Protecting Africa’s Farmers 🌱 Did you know that climate change could reduce crop yields in Sub-Saharan Africa by up to 30% by 2050? For the 200 million smallholder farmers who produce 80% of the region’s food, this is not just a statistic—it’s a looming crisis. 🌍 At myUbuntu, we are tackling this challenge head-on. Through parametric insurance, we’re providing a safety net for farmers, offering fast, automatic payouts triggered by weather events like droughts and floods. This means farmers can recover quickly, reinvest in their crops, and avoid falling into poverty. 🚀 Our journey at Lloyd's Lab has been pivotal in refining this solution. Collaborating with industry experts has helped us sharpen our approach, integrate innovative technologies, and build partnerships that will enable us to scale across Africa. Together, we’re creating an insurance model that not only protects farmers but empowers them to thrive. This is more than just insurance—it’s about securing livelihoods, strengthening food security, and building a resilient future for Africa. Join us in making this vision a reality. 🌾 #LloydsLab #myUbuntuInsurance #ParametricInsurance #ClimateResilience #Agritech #AfricanFarmers #ImpactInvesting JP Fabri Nicky Gouder Jack Bassett Nigel Daura Timon Halbach Mikir Shah Ilyas Ismail ACMA Mark Huxley FRSA Rupert Weterings Rupesh Appannah Allan Wishart Kieran Linger Leticia Boakye Danquah, ACII
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🚜 Empowering #Farmers Through Innovative #Insurance Solutions 🌾 Did you know that half of smallholder farmers in Sub-Saharan #Africa risk losing their entire crops every year due to #droughts, #floods, and other climate shocks? 🌧️ Yet, fewer than 3% have access to agricultural #insurance. This is a reality that keeps millions of families in a cycle of poverty and food insecurity. At myUbuntu , we are driven to change this. Through our journey with Lloyd's Lab, we have been working tirelessly to refine our parametric insurance solution that offers immediate payouts triggered by real-time weather data. 🌦️ This means farmers get the financial support they need exactly when they need it—without lengthy claims processes or red tape. 🚀 The support and insights from industry leaders at Lloyd’s Lab have been transformative, helping us sharpen our approach and form partnerships to scale our impact. Together, we’re building a future where every farmer can confidently invest in their crops, knowing they have a safety net in place. Join us in transforming agriculture and creating a resilient future for Africa’s farmers. 🌱💪🏾 #LloydsLab #myUbuntuInsurance #ParametricInsurance #Agritech #ClimateResilience #ImpactInvesting #AfricanFarmers Nicky Gouder JP Fabri Nigel Daura Jack Bassett Gabriele Villa Mikir Shah Ilyas Ismail ACMA Ciaran O'Donnell FCA Mark Huxley FRSA Timon Halbach Rupesh Appannah Rupert Weterings Jessie Callender Dan Kay Rebecca Kendrick Kieran Linger Chloe Kaye Hattie Armstrong Susanne Austin
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In this week's opinion piece, our co-founder JP Fabri talks about #COP29, currently underway in Baku which once again brought the world’s attention to the urgent need for decisive action on #climatechange. As nations gather to discuss the future of our planet, African leaders, particularly Rwanda’s representatives, brought a powerful message to the table: #Africa is not just a victim of climate change but a proactive agent of change. With a focus on #resilience, #economictransformation, and innovative #financing, African nations have highlighted the path forward to ensure sustainable and inclusive growth in the face of escalating climate challenges. In this context, the role of #parametricinsurance was highlighted as a critical tool for disaster preparedness and economic stability. Unlike traditional insurance, which is based on loss assessments, parametric insurance provides immediate payouts when specific environmental conditions, such as rainfall levels or temperatures, are met. Nicky Gouder Nigel Daura Jack Bassett Rupesh Appannah Rupert Weterings Chloe Kaye Timon Halbach Mikir Shah Ilyas Ismail ACMA Ciaran O'Donnell FCA Abdullah Hussein Allan Wishart Jessie Callender Mark Huxley FRSA
Africa’s climate renaissance: Building resilience through COP29
newtimes.co.rw
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Growth & Transformation at Lloyd's Lab 🌍🚀 These past weeks at Lloyd's Lab have been nothing short of transformative for myUbuntu. One of the most incredible aspects of this journey has been the invaluable connections we’ve made. Lloyd’s Lab has opened doors to partnerships we could have only dreamed of—connecting us with industry leaders, experts, and mentors who have challenged us to elevate our offering. The lab’s focus on practical, hands-on guidance has been key to shaping the way we approach market expansion and scalability. A special mention goes to the team at RapidWorks, whose thought-provoking sessions have pushed us to think differently, inspiring us to explore new possibilities and sharpen our focus. The conversations we’ve had, the insights gained, and the collaborative spirit of this program have been beyond inspiring. We are filled with gratitude to be part of this journey, surrounded by a community dedicated to driving change in the insurance landscape. 🌱 Thank you to Lloyd’s Lab for believing in our vision and for providing the platform to help us grow, transform, and build a better future for Africa’s farmers. This is just the beginning. Onward and upward! 🚀💪🏾 #LloydsLab #myUbuntuInsurance #GrowthAndTransformation #ClimateResilience #Agritech #ImpactInvesting #Gratitude Nicky Gouder Nigel Daura Jack Bassett Gabriele Villa Mikir Shah Ilyas Ismail ACMA Ciaran O'Donnell FCA Rupert Weterings Rupesh Appannah Timon Halbach Kieran Linger Susanne Austin Abdullah Hussein Mark Huxley FRSA Chloe Kaye Jessie Callender Allan Wishart Dan Kay Rebecca Kendrick
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🚜 Bridging the Gap for Africa’s Farmers 🌾 In a continent where over 200 million smallholder farmers are the backbone of the economy, it's shocking to realise that less than 3% have access to agricultural insurance. 🌍 This means millions of farmers are left to face unpredictable climate shocks alone, with no safety net to protect their livelihoods and food security. At myUbuntu, we are on a mission to change that. Through our work at Lloyd's Lab, we’ve been refining our #parametricinsurance solution to be more accessible, affordable, and tailored to the needs of African farmers. 🚀 By leveraging cutting-edge technology and the support of industry experts, we are creating insurance products that provide fast, automated payouts triggered by weather data—no bureaucracy, no delays. The journey so far has been transformative, and the insights gained at Lloyd’s Lab are helping us scale our impact. Our goal is simple: to empower smallholder farmers to thrive, not just survive, even in the face of climate change. 🌱 We are excited to keep moving forward, partnering with stakeholders who share our vision of a resilient, prosperous future for Africa. Join us on this journey and help us build a stronger, more secure agricultural sector. 💪🏾 JP Fabri Nicky Gouder Jack Bassett Nigel Daura Gabriele Villa Mark Huxley FRSA Timon Halbach Rupesh Appannah Callum Noone Hattie Armstrong #ImpactInvesting #LloydsLab #myUbuntuInsurance #ClimateResilience #Agritech #AfricanFarmers
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In this week's article on The New Times (Rwanda), our co-founder JP Fabri argues that #Africa stands at a pivotal moment where it has the opportunity to redefine its growth trajectory. The #greeneconomy provides a transformative path that addresses social and environmental challenges while laying the foundation for a prosperous future. With strategic investments and strong leadership, Africa can build an economy that not only grows but thrives, securing a resilient and sustainable future for generations to come. At myUbuntu we remain steadfast in our contribution towards enhancing #agriculture in #Africa through #paramtericinsurance. Nicky Gouder Nigel Daura Jack Bassett Gabriele Villa Mikir Shah Ilyas Ismail ACMA Ciaran O'Donnell FCA Allan Wishart Timon Halbach Rupesh Appannah Kieran Linger
Africa’s growth potential and the promise of a green economy
newtimes.co.rw
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🌍 The Journey Till Now: Empowering Farmers, Transforming Futures Already 6 weeks have passed since myUbuntu was chosen to participate in Lloyd's Lab Cohort 13, and what an incredible journey it has been so far! From the excitement of Pitch Day to being selected as one of the few startups to join this prestigious accelerator, we’ve been on a mission to redefine what #insurance can mean for smallholder farmers in #Africa. The past few weeks have been a whirlwind of learning, collaboration, and growth. Lloyd's Lab has provided us with invaluable access to industry experts, enabling us to refine our parametric insurance solution and align it with market needs. We’ve gained insights, received feedback, and connected with mentors who are helping us transform our vision into a tangible reality. Join us as we continue to grow, innovate, and make a lasting impact. Swipe through our post to learn more about our mission and the journey so far. Together, we can build a more resilient future for Africa’s farmers. 💪🏾 #LloydsLab #myUbuntuInsurance #ImpactInvesting #Agritech #InsuranceInnovation #ClimateResilience JP Fabri Nicky Gouder Jack Bassett Gabriele Villa Nigel Daura Mark Huxley FRSA Rupert Weterings Rupesh Appannah Timon Halbach Mikir Shah
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In his weekly article on The New Times (Rwanda), our co-founder JP Fabri shares his thoughts on #CHOGM2024. The 2024 CHOGM in Samoa has reinforced the #Commonwealth’s commitment to a resilient and inclusive future, with a particular focus on the needs of vulnerable regions like #Africa. The discussions emphasised the importance of collective responsibility, unity, and shared resources in confronting the climate crisis and fostering sustainable growth. The call to transform the Commonwealth into a “Common Wealth” is not just a slogan but a commitment to using the organisation’s collective strengths to create equitable opportunities for all member states. The election of Shirley Ayorkor Botchwey from #Ghana as Secretary General is also telling being the first African to occupy the role.
Africa's role in shaping a sustainable Commonwealth
newtimes.co.rw