Index Insurance Forum

  • Index Insurance Feasibility Study Workshop in Cameroon

    The World Bank and the IFC have conducted a feasibility study that seeks to improve the knowledge and understanding of the market opportunity for index insurance. The findings were unveiled in Douala on December 15, 2016, at a workshop jointly organized by the World Bank Group and the Association of Insurance Companies of Cameroon (ASAC). Click here to learn more.

  • Promoting Innovation in Agricultural Insurance in South Asia

    In November 2016, the World Bank Group’s Global Index Insurance Facility (GIIF), in collaboration with the International Labor Organization and Munich Re Foundation, organized a conference workshop entitled “Building Sustainable Agriculture Programs” in Colombo, Sri Lanka. Delivered as part of the 12th Annual Micro Insurance Conference, the daylong technical workshop brought together more than 50 participants from the public and private sector, donors, and development partners. Click here to learn more.

  • Helping farmers understand index insurance: Guidelines for consumer education interventions,

    In its new publication "Helping farmers understand index insurance: Guidelines for consumer education interventions", International Labour Organisation’s Impact Insurance Facility gathered lessons and insights from index insurance and financial education projects. Click here for the Paper

  • Videographic: Earthquake Index Insurance (EQII)

    The GIIF team in Indonesia has produced a videographic on earthquake index insurance. Supported by GIIF, the IFC has been working with PT Reasuransi MAIPARK to design and retail an index insurance product that protects the lending portfolios of banks from liquidity crises in the aftermath of an earthquake. Click here to watch the EQII video

  • New Climate Data in Zambia Unlocks Insurance Opportunities

    IRI staff helped launch an innovative new data platform in Lusaka, Zambia that combines satellite rainfall estimates with the country’s existing network of rain gauges. The World Bank Group’s Global Index Insurance Facility (GIIF) funded the event, which brought together participants from the Zambia Meteorology Department, R4, World Food Program and the country’s insurance sector. Read more

  • World Bank Group's Feature Story: For Pioneering Livestock Index Insurance, World Food Prize Award Honors World Bank Grantee

    Dr. Andrew Mude of the International Livestock Research Institute in Nairobi, Kenya, has been named the recipient of this year’s Norman Borlaug Award for his work in providing insurance to livestock herders in East Africa’s drylands through innovative, state-of-the art technologies. The award was given in recognition of his work on the "Index-Based Livestock Insurance", which was supported by the World Bank's Global Index Insurance Program at its nascent stage, then later scaled up by the Disaster Risk Finance and Insurance Program. Both programs are managed by the Finance & Markets Global Practice. (Photo credit: ILRI/Riccardo Gangale) Read more

  • GIIF in Asia Pacific: A Conversation with Vijayasekar

    Vijayasekar Kalavakonda, IFC Senior Financial Sector Specialist, talks about GIIF's current and future projects in Asia Pacific. Click here for the interview

Upcoming events

About Us

Created in 2009, the Global Index Insurance Facility (GIIF) works to support the development and growth of local markets for indexed/catastrophic insurance in developing countries, primarily in sub-Saharan Africa, Latin America and the Caribbean, and Asia Pacific. GIIF’s objectives are to provide acceess to finance to smallholder farmers and to expand the use of index insurance as a risk management tool in agriculture production, food security, and disaster risk reduction, because it helps farmers and households reduce their risks and protect their assets and livelihoods.

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Grants Committed: $35 million (2009-15)

Countries with GIIF projects including policy/regulatory work: 31 in total (Sub Saharan Africa, Latin America and the Caribbean, and Asia Pacific)

Clients: 1.3 million farmers, pastoralists and microentrepreneurs (cumulative)

Total Insurance Portfolio$148 million (cumulative)

 
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For archived copies of the Global Index Insurance quarterly newsletter, please click here.

Global Team
  • Fatou Assah | GIIF Program Manager | fassah@worldbank.org
  • Selin Konrat | Operations Officer | skonrat@ifc.org 
 
Regional Specialists
  • Shadreck Mapfumo | Senior Financial Sector Specialist | Africa |  smapfumo@ifc.org
  • Vijayasekar Kalavakonda | Senior Financial Sector Specialist | Asia | vkalavak@ifc.org
 
Media Contacts
  • Rebecca Post | Communications Officer | rpost@worldbank.org 
 

 

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GIIF is funded by the European Union, Japan, and the Netherlands.

 

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GIIF collaborates with the ILO’s Impact Insurance Facility to strengthen its knowledge and dissemination related activities. The collaboration aims at improving the delivery of index insurance to farmers and their families as well as businesses, through the extraction, dissemination and promotion of lessons mainly from GIIF implementing partners and to strengthen microinsurance markets in countries that have a strong index insurance potential. 

 

Image result for ILO Impact Insurance Facility

 

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Weathering the Risks: Scalable Weather Index Insurance in East Africa

 

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