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.More Info
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)
For archived copies of the Global Index Insurance quarterly newsletter, please click here.
GIIF is funded by the European Union, Japan, and the Netherlands.
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.
Weathering the Risks: Scalable Weather Index Insurance in East Africa