Index Insurance Forum

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Index insurance is a type of agricultural insurance that can serve smallholder agricultural development and risk management by protecting assets and encouraging productive investments. Limited availability, accessibility, quantity and poor quality of data on the ground are some of the primary technical constraints preventing scale-up and sustainability of index insurance. Data were the focus of the project “Improving Agricultural Risk Management in Sub-Saharan Africa: Remote Sensing for Index Insurance”. This publication outlines the project, which investigated overcoming issues with ground...
(C) FIDA
Limited availability, accessibility, quantity and poor quality of data on the ground are some of the primary technical constraints preventing scale-up and sustainability of index insurance. Data were the focus of the project “Improving Agricultural Risk Management in Sub-Saharan Africa: Remote Sensing for Index Insurance”. This publication details the project, which investigated overcoming issues with ground data by testing innovative remote sensing methodologies. It describes the different remote sensing options and opportunities available for index insurance, but it also recommends further...
< Click here for French> On January 19, 2018, the International Finance Corporation (IFC) and the World Bank organized a workshop in Abidjan to present the results of a feasibility study on index-based agricultural insurance conducted in Côte d’Ivoire between the months of May and September 2017 by the Global Index Insurance Facility (GIIF). As part of the World Bank Group’s Climate Finance and Risk Management unit, GIIF facilitates access to finance for smallholder farmers, micro-entrepreneurs, and microfinance institutions through the provisions of catastrophic risk transfer solutions...
In December 2017, 27 participants from various African Francophone nations attended a regional workshop held in Saly, Senegal, to learn about index insurance fundamentals and risk transfer process as well as to discuss and apply the use of agro-climactic data to the design of index insurance products. The five-day workshop entitled, “Fundamentals of Named Peril Index Insurance Risk Transfer Process,” was sponsored by the Global Index Insurance Facility (GIIF), as part of its capacity-building activities intended to stimulate the development and enhancement of index insurance products in...
A new brochure detailing GIIF's involvement with the development of weather index insurance in Senegal is now available for digital viewing. The document contains an overview of GIIF's and stakeholders' actions and tracks the progress of index insurance in the country since its onset in 2009.
GIIF and ILO's Impact Insurance Facility jointly published a paper entitled "Unlocking Smallholder Credit: Does Credit-Linked Agricultural Insurance Work?" Authored by Independent Researchers Richard Meyer and Peter Hazell and World Bank Group's Panos Varangis, this paper reviews possibilities for, and experience with, credit-linked crop insurance, including different types of insurance and credit arrangements, ranging from insurance sold to individual farmers to meso insurance sold to financial service providers (FSPs) to cover losses suffered by farmer borrowers.
A newly designed Global Index Insurance Facility's Country Profile for Kenya is available for digital viewing. The document contains an overview of GIIF's project in Kenya with the partner, ACRE Africa.
A 24-page illustrated comic book on Earthquake Index Insurance in Bahasa Indonesia.
Agri-insurance is a financial product that protects farmers from potential losses resulting from weather events or disease. By enabling farmers to protect their businesses, agricultural insurance also reduces lending risks, which increases the amount of credit available in this vital sector. In Ukraine, IFC and Syngenta worked together to pilot-test index insurance — which bases claims on independently verifiable weather data — for wheat and corn. This SmartLesson explores the possibility of developing index insurance as a new and important financial instrument that helps farmers and...
GIIF and ILO's Impact Insurance Facility jointly published a paper entitled "When and How Should Agricultural Insurance be Subsidized? Issue and Good Practices". Authored by Independent Researcher Peter Hazell and World Bank Group's Panos Varangis and Rachel Sberro-Kessler, this paper discusses agricultural insurance subsidy in detail and draws upon available literature and case study experiences to propose some good practice guidelines for the design and implementation. The French version " Quand et comment l'assurance agricole devrait-elle être subventionnée? Enjeux et bonnes pratiques " is...
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