Index Insurance Forum

  • IFC, Africa Re Develop Index Insurance Products to Increase Access to Finance for Farmers

    Global Index Insurance Facility (GIIF) and Africa Reinsurance Corporation supported a two-day technical workshop on risk modeling and strategic decision-making for index insurance products. It was followed by a week-long training on index insurance for insurance companies’ technical staff. Both events were held in Accra, Ghana, in May 2017.

  • IFC Partners With PT Reasuransi MAIPARK to Insure Farmers Against Climate Risks

    IFC, a member of the World Bank Group, and PT Reasuransi MAIPARK have agreed to jointly develop index-based insurance products to hedge risks against adverse weather events for agribusinesses, bank agriculture-loan portfolios, and farmer groups. Read the press release.

  • Risk Modeling for Appraising Named Peril Index Insurance Products: A Guide for Practitioners

    As part of the World Bank Group's "Directions in Development: Agriculture and Rural Development Series", Finance & Markets Global Practice has published a book entitled "Risk Modeling for Appraising Named Peril Index Insurance Products: A Guide for Practitioners" to support actuaries and other professionals involved in designing and pricing index-based insurance products. Click here to read the abstract and download the book.

  • Stories from the Field

    New GIIF Result Stories capture farmers' experiences with index insurance in Burkina Faso, Mali, and Senegal. Available in English and French.

  • Index Insurance: Helping Women Farmers around the World

    As GIIF specialists collect information and assess results from active projects, stories emerging from the fields share one common thread: index insurance has made significant changes in the lives of female farmers. Read more

  • GIIF Celebrates International Women's Day

    Index insurance has made significant changes in the lives of female farmers in many parts of the world. To celebrate International Women's Day, GIIF presents a women's story told by one of the beneficiaries of GIIF's partner, ACRE Africa. Jacinta Mutuse, a 35-year old farmer and a mother of one, who lives in Makueni, Kenya, has benefitted from an insurance product provided by ACRE Africa. Read her story here.

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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