Index Insurance Forum

  • Investing in Pre-crisis Financial Risk Management Eases Post-Disaster Recovery Needs

    In a blog post published on the World Bank Group's Voices and on Huffington Post, Gloria Grandolini, Senior Director of Finance & Markets Global Practice at the World Bank Group, wrote that market-based instruments – such as insurance ― can act as shock absorbers in case of natural disaster, helping countries around the world avoid the worst of a crisis’ financial impact. Ms. Grandolini also lists five reasons why investing in pre-crisis financial risk management can ease post-disaster recovery needs. Click here to read more.

  • Implementing of a Pilot Insurance Program for Livestock Breeding

    Peter Wrede and Kaavya Krishna of the World Bank Group wrote in a brief detailing the current progress of an index insurance program for livestock breeding in Uruguay. The Government of Uruguay is pilot testing a Normalized Difference Vegetation Index (NDVI) index insurance to protect small scale cattle and meat producers from drought, based on findings from a feasibility study conducted by the Global Index Insurance Facility (GIIF) in 2011. Click here to learn more.

  • Zambia wants to create affordable insurance products

    The Government of Zambia has called on insurance firms to develop affordable weather index insurance products for small holder farmers in the wake of climate change as it is one of the risk management mechanisms for crop protection. Read more

  • GIIF Activity Snapshot

    In June 2016, over 60 participants gathered at the College of insurance in Nairobi to discuss best practices and share their knowledge and expertise on index insurance, particularly livestock insurance and agriculture insurance. Read more about the event

  • Sandee Working Paper: Performance Assessment of Crop Insurance Schemes in Odisha in Eastern India.

    In a Sandee Working Paper, Mamata Swain and Sasmita Patnaik study two major crop insurance schemes operating in Odisha state of India: National Agricultural Insurance Scheme (NAIS) and the pilot Weather Based Crop Insurance Scheme (WBCIS). NAIS provides compensation for yield losses due to natural causes and covers all food crops and commercial crops. WBCIS provides coverage for paddy crop yield losses due to rainfall only. The study reveals that WBCIS performs better than NAIS as indicated by the higher adoption rate, the higher percentage of farmers benefited, the lower premium, faster claim payment, and the frequent indemnity payment. Read the Working Paper here.

  • Munich Re's The Landscape of Microinsurance in Africa 2015

    Munich Re has released a study that reports on the latest activities and current state of microinsurance in Africa as part of the Microinsurance Network’s World Map of Microinsurance Programme. Go to Publication Database

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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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