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A 24-page illustrated comic book on Earthquake Index Insurance in Bahasa Indonesia.
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.
In the latest volume of the African Reinsurer magazine published in June 2017, GIIF Program Manager Fatou Assah discusses how the World Bank is helping African farmers to become more resilient against climate risks through the use of index insurance. The article entitled "Technology and Insurance: Building Resilient Agriculture in Africa", which also interviews AXA's Tanguy Touffut, FINACTU's Denis Chemiller-Gendreau, and African Risk Capacity's Assia Sidibe, examines innovative risk management and insurance, challenges and opportunities in agriculture insurance in the face of climate change...
"Significant crop shortfalls observed in various parts of the globe in recent years have had an adverse impact not only on the agricultural sector of countries but also on many other economic sectors related to agriculture, such as logistics, storage, and processing industries," a Swiss Re Corporate Solutions' publication concludes. In "Insuring Crops of Countries and States with Weather Index Solutions" , Swiss Re suggests index insurance be a good tool for states and countries to protect their agricultural sector from weather risks due to the product's high efficiency and light...
PowerPoint slides from a consumer exercise undertaken in Zambia in December last year are now available. The session, held jointly by GlIF, ILO's Impact Insurance Facility, Risk Shield Consultants, and fsdZambia focused on lead farmers and channel partners who enlist smallholder farmers.
ILO's Impact Insurance Facility , in partnership with WBG's Global Index Insurance Facility, USAID, and Basis/I4-supported Global Action Network , hosted a webinar on index insurance that touches upon the variety of interventions such as provision, administration and management of subsidies, support for developing infrastructure for effective implementation of insurance programmes, investment in collection, and sharing of data and consumer education. In addition, the government's role in developing enabling regulations and using insurance as a part of their social protection and agriculture...
On October 11, 2016, Joseph A. Owuor of The Insurance Regulatory Authority of Kenya presented a presentation entitled "Kenyan Experience with Parametric Insurance" at a workshop in Guatemala. Aimed at raising awareness on parametric insurance among supervisory authorities in Latin America and the Caribbean , t he First Regional Workshop on Parametric Insurance was put together by Microinsurance Catastrophe Risk Organisation (Micro) and participated by many stakeholders such as Access to Insurance Initiative, the International Research Institute for Climate and Society (Columbia University),...
In Proparco's Private Sector & Development magazine, Chloe Dugger, Operations Officer in WBG's Finance and Markets Global Practice, and Rachel Sberro, Research Analyst on agriculture finance, write about WBG's Global Index Insurance Facility's experiences with index-based insurance in Senegal and Bangladesh. Their article focuses on micro- and meso-level approaches to distributing agricultural index insurance, which speeds up claims settlement by dispensing with loss assessments and payouts are determined on an objective basis, eliminating the risk of fraud. Please visit Proparco's...
Satellite Technology and its continued advancement is critical to the relevance and accuracy of index insurance products as a counter against weather-related risks. The World Bank Group’s Global Index Insurance Facility (GIIF) in partnership with its regional partners has been working with researchers and scientists to refine satellite technology for index insurance product design.
The development of sustainable index-insurance markets requires enabling legal and regulatory environments The adoption of the “CIMA Book VII” on April 5th 2012 was a major milestone allowing and regulating the development ofmicroinsurance and index-insurance for 15 countries in the Inter-African Conference on the Insurance Market or CIMA region In addition to this regional regulatory change, the Global Index-insurance Facility (GIIF) has supported national insurance supervision agencies with this transition. In particular, GIIF has assisted the Senegalese Insurance Supervision Agency with...
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