What Argo Consortium does

Agro Consortium Uganda Limited (trading as AIC or Argo Consortium) is a Kampala-headquartered private consortium of 14 licensed Ugandan insurance companies that operates as the implementing partner of the Uganda Agriculture Insurance Scheme (UAIS), a Public-Private Partnership with the Government of Uganda through the Ministry of Finance, Planning and Economic Development (MoFPED). Founded circa 2014 and operating with 11-50 employees, the company delivers pooled agricultural insurance products to Ugandan farmers across four core lines: Livestock Insurance, Weather Index Insurance, Multi-Peril Crop Insurance, and Area Yield Index Insurance. Customers are segmented into small-scale farmers (<5 acres or under UGX 20M seasonal income), large-scale commercial farmers (>5 acres), and aquaculture producers, with disaster-prone area farmers eligible for up to 80% government premium subsidies.

The technical foundation combines satellite-based remote sensing (provided by Dutch firm E-LEAF for Weather Based Index Insurance) with a proprietary Uniform Agro-Ecological Zone (UAI) mapping system that segments Uganda into yield-homogeneous regions for area-yield index products. This enables automated payouts triggered when weather indices or area-average yields breach defined thresholds, eliminating traditional per-farm claims assessments. Distribution operates through a multi-channel model including the 14 partner insurers, government agricultural extension officers, farmer cooperatives, a nationwide agent network, and phone-based support (toll-free 0800 300 021).

Revenue mechanics rest on insurance premiums supplemented by government subsidies covering 30-80% of policy cost, with premium rates as low as 2.75% of insured crop value for standard Weather Index products and 4-10% for Multi-Peril Crop Insurance. The company has no disclosed funding rounds, M&A activity, or executive leadership changes, and reports scale metrics on its website (1K+ farmers insured, 1M+ acres covered, $1M+ claims paid, $1B+ loans insured) without audited revenue figures.

Name

Argo Consortium

Legal name

Agro Consortium Uganda Limited

Website

https://aic.ug

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Argo Consortium (Agro Consortium Uganda Limited) is a Kampala-based coalition of 14 licensed insurers implementing the government-backed Uganda Agriculture Insurance Scheme, offering subsidized crop, livestock, and aquaculture index insurance to Ugandan small-scale and commercial farmers.

Ownership category

akta.pro rank

Product category

Agricultural Insurance

SIC

Agricultural Services (700)

akta.pro primary industry

Farm Risk Management & Insurance Advisory (AFACAJAD)

Keywords

• Agricultural insurance
• Crop insurance
• Livestock insurance
• Weather index insurance
• Public-private partnership

Headquarters

HQ city

Kampala

HQ country

Uganda

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Agricultural Insurance Premiums: Insurance premiums collected from farmers for crop and livestock coverage. Premium rates vary by product type and risk category, with government subsidies reducing farmer costs significantly.
2. Government Premium Subsidies: Public-Private Partnership with Government of Uganda (MoFPED) provides premium subsidies of 30-80% for eligible farmers, making insurance more affordable and accessible.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Agro Consortium Uganda Limited (AIC) is a coalition of 14 licensed insurance companies that implements the Uganda Agriculture Insurance Scheme (UAIS), offering pooled agricultural insurance products for Ugandan farmers. Its four core products are Livestock Insurance, Weather Index Insurance, Multi-Peril Crop Insurance, and Area Yield Index Insurance, distributed through agents, extension officers, farmer cooperatives, and a call center, with government premium subsidies of 30–80% lowering costs for eligible farmers.

Product overview

Argo Consortium Uganda operates as a coalition of 14 licensed insurance companies implementing the Uganda Agriculture Insurance Scheme (UAIS), offering four core insurance products: Livestock Insurance for commercial livestock and high-value animals; Weather Index Insurance using satellite monitoring for drought and rainfall protection; Multi-Peril Crop Insurance for comprehensive crop protection; and Area Yield Index Insurance for yield-based coverage. The company provides government-subsidized premiums through a public-private partnership between the Government of Uganda and private insurers.

Differentiator

Problem solved

Functional benefit

Products and services

• Livestock Insurance Multi-peril livestock insurance under the Uganda Agriculture Insurance Scheme (UAIS) that protects farmers from financial losses resulting from the death or loss of livestock due to natural disasters, accidental events, disease outbreaks, and theft, covering dairy cattle, beef cattle, goats, sheep, pigs, poultry (layers and broilers), and commercial fish (Nile perch, mudfish, Nile tilapia).
• Weather Index Insurance Drought Index Insurance under UAIS that protects farmers from the financial impact of drought and excessive rainfall using real-time satellite monitoring (via partner E-LEAF) and historical climate data, with automatic payouts triggered when weather conditions fall outside optimal ranges for crop growth.
• Multi-Peril Crop Insurance Comprehensive crop insurance under UAIS for large-scale farmers that shields against financial losses from weather extremes, pests, and uncontrollable plant diseases, covering drought, flooding, windstorms, fire, hail, and landslides, with standard premiums of 4–6% of insured value (up to 10% in high-risk areas) and government subsidies of 30–80%.
• Area Yield Index Insurance Agricultural insurance product that protects farmers from financial losses due to adverse events impacting crop yields using area-based average yield triggers calculated across Uniform Agro-Ecological Zones (UAIs) in Uganda, rather than individual farm assessments.

Quantifiable outcome

• Government pays 50-80% of insurance premiums for eligible farmers
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Government of Uganda (Ministry of Finance, Planning and Economic Development - MoFPED)coreStrategic or Co-development PartnerLandmark Public-Private Partnership (PPP) between the Government of Uganda and the private insurance sector. The government provides premium subsidies (30-80%) and policy backing for the national Uganda Agriculture Insurance Scheme (UAIS).
• E-LEAF CompanycoreTechnology or IntegrationIndependent company in charge of satellite monitoring for Weather Based Index Insurance. Monitors evapo-transpiration rates using satellite computers to generate index data for insurance calculations.
• 14 Licensed Insurance CompaniescoreStrategic or Co-development PartnerCoalition of 14 licensed insurance companies that form Agro Consortium to implement the Uganda Agriculture Insurance Scheme. Each company provides underwriting, claims processing, and distribution capabilities.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• OKO Finance: OKO Finance delivers mobile-delivered crop and climate insurance to smallholder farmers in West Africa (Mali, Uganda, Côte d'Ivoire, Mozambique). Emerging competitor with similar index-based approach and smallholder focus, expanding into Uganda where Agro operates.
• Etherisc: Etherisc is building decentralized insurance protocols including parametric crop insurance products for farmers in emerging markets. Emerging technology player with a similar automatic-payout ethos but different distribution architecture.

Direct peers

• Pula Advisors: Pula Advisors designs and delivers agricultural insurance and advisory products across more than 20 African countries, often embedded with input suppliers and lenders. Direct competitor serving the same smallholder farmer and government/PPP channel with index-based crop and livestock insurance.
• ACRE Africa: ACRE Africa (formerly Kilimo Salama) designs and delivers index-based agricultural insurance products to smallholder farmers across East Africa. Direct competitor offering similar weather-index and area-yield insurance products in neighboring Kenya/Tanzania with the same target smallholder farmer base.
• WorldCover: WorldCover is a New York-based insurtech providing parametric crop insurance to smallholder farmers in Africa and other emerging markets. Direct competitor using satellite data and mobile distribution to deliver weather-index coverage to smallholders, overlapping with Agro's core products.

Others

• Munich Re: Munich Re is a global reinsurer actively involved in African agricultural insurance including weather index products and capacity support to local insurers. Acts as risk-bearing infrastructure partner for schemes like UAIS rather than competing at the retail level.
• Swiss Re: Swiss Re is one of the world's largest reinsurers and a long-standing partner in African agricultural insurance schemes through parametric index products and capacity provision. Functions as enabling reinsurance infrastructure rather than a direct retail competitor.

Regional players

• Britam Holdings: Britam Holdings is a leading diversified financial services group in East Africa (Kenya, Uganda, Tanzania, Rwanda, etc.) with agricultural insurance among its product lines. Regional incumbent likely participating in the Agro Consortium with overlapping farmer base.
• Jubilee Insurance: Jubilee Insurance is one of the largest insurance groups in East Africa, offering general insurance including agricultural products across Kenya, Uganda, Tanzania, and other markets. Likely a member of the Agro Consortium and a regional incumbent with overlapping agri-insurance offerings.
• BIMA (formerly MicroEnsure): BIMA provides mobile-delivered microinsurance products (life, health, accident) to low-income consumers across emerging markets including parts of Africa. Adjacent emerging-market insurance provider using similar mobile/agent distribution models but with non-agricultural product focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/AgroConsortium
• Facebookfacebook.com/AgroConsortiumUg
• LinkedInlinkedin.com/company/agro-consortium

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Argo Consortium