Index Insurance Forum

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Global Index Insurance Facility has produced a report that captures the Program’s achievements and on the progress of project implementation during phase one: 2010-2015. These achievements and lessons learned are the result of joint efforts, hard work and commitment with GIIF's implementing partners on the ground as well as generous support from the donors. Prepared collaboratively by the GIIF team across the globe, this report also offers a snapshot of past and future activities, including GIIF’s roles in capacity-building, outreach and communications efforts. Available in English and in...
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. The discussions were quite timely, as the Government of Kenya recently allocated US$6 million for crop and livestock insurance for smallholder producers for next year, as one of the ‘key government flagship projects to drive the transformative agenda’. This is a five-fold increase in budget from the previous years with strong allocations toward data systems and...
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. Both schemes are compulsory for loanee farmers and are also available for non-loanee farmers on voluntary basis. In this study, we analyze and compare various indicators...
New Trends in Agricultual Finance
Agricultural finance is crucial to support the growth of the agricultural sector. Indeed, it is essential for food security, job creation, and overall economic growth. This synthesis report presents a summary of research studies on five key areas of agricultural finance innovation prepared under the G20 Global Partnership for Financial Inclusion (GPFI), as well as the presentations and discussions of these study findings during the “G20 Roundtable on Innovations in Agricultural Finance” convened on September 9, 2015 in Antalya, Turkey by the Small and Medium Enterprise (SME) Finance Sub-Group...
Agricultural production is inherently subject to a variety of risks because management decisions or states-of-nature often generate future outcomes (either favorable or unfavorable) that cannot be predicted with certainty. The variability of these outcomes represents risk. Some risks are managed through production and fi nancial decision-making, while others are simply accepted as business expenses. In addition, some risks can be managed through a variety of contractual and insurancerelated products. On average, financial activities with low levels of risk are associated with lower potential...
Agricultural production is inherently subject to a variety of risks because management decisions or states-of-nature often generate future outcomes (either favorable or unfavorable) that cannot be predicted with certainty. The variability of these outcomes represents risk. Risk is frequently measured in terms of the probability of various outcomes. Agricultural producers face a variety of risks including production (yield), output price, and input price risk. Some of these risks are managed through production and fi nancial decision-making, while others are simply accepted as costs of doing...
Data and information management refers to the development, collection, use, and preservation of data and the methods needed to acquire, control, protect, deliver, and enhance its value to achieve the goals of agricultural insurance programs. Issues related to the collection, development, updating, and quality of data are often overlooked when developing agricultural insurance programs. However, such programs will likely fail without a concise, well-developed plan for data and information management. Data is needed by those who develop, operate, and manage agricultural insurance programs. In...
This manual presents theoretical concepts and applied methods commonly used for actuarial processes in agriculture insurance. Actuarial processes refer to the activities that establish insurance premium rates and related quantitative analyses. Key considerations for designing agriculture insurance programs are presented. In addition, the infl uence of program design on data requirements and the use of statistical methods for establishing insurance premiums are illustrated. The presentation presumes that readers have a solid understanding of basic statistics principles. The level of knowledge...
This manual introduces and discusses agricultural insurance and provides tools for the development, management, operation, and maintenance of such programs. Agricultural insurance includes a variety of product types, including property, causality, life, and health insurance. Throughout the manual, the term “agricultural insurance” refers to crop (and in some cases livestock insurance programs. Successful agricultural insurance programs must be thoughtfully constructed before their introduction and tailored to the unique circumstances of individual countries and regions; poorly designed...
Agriculture in Rwanda accounts for one-third of Rwanda’s GDP; constitutes the main economic activity for rural households (especially women) and remains the main source of income. Today, the agricultural population is estimated to be a little less than 80% of the total population. The sector meets 90% of the national food needs and generates more than 70% of the country’s export revenues. (Source: Rwanda Development Board). Much of the agricultural land is rain-fed, with little or no irrigation available. This is exacerbated by the fact that more than 68% of Rwandan land is on hillsides with...
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