Index Insurance Forum

Haiti

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Apr
This map was created using data on rural loans. The GIS analysis shows where the density of loan amounts is higher (as opposed to where there are more individual loans). It is meant to highlight where the larger loans are concentrated. Notice that there are areas with many individual loans and low amount density. The methodology used to draw the map is as follows: The banks provided portfolio data with x/y coordinates in WGS84 format, which where projected and added to a basemap. Using the “point density” geographic analysis under the spatial analyst in ArcGIS 10.3, we derived a density of...
Haiti is one of the most disaster-prone countries in the world with earthquakes, hurricanes and flash floods.
MiCRO is a reinsurance provider based in Barbados. MiCRO currently provides natural catastrophe and weather index insurance to microfinance institutions (MFIs), which in turn insure low-income micro-enterprises.
* World Bank announces $1.7 million funding for program * Designed to insure against hurricanes like Sandy in 2012 By Susana Ferreira PORT-AU-PRINCE, Haiti, Jan 29 (Reuters) - When Hurricane Sandy struck Haiti late last year, the home Guerda Pierre shares with her three children and mother in Cabaret, north of Port-au-Prince, was flooded - and so was the merchandise she sold to make a living. "The books, the food, everything was wet after Sandy," said Pierre. The plantain plants and beans in her garden were also destroyed. But unlike the majority of Haitians, Pierre had an insurance policy.
GIIF worked with MiCRO through capacity building as well as subsidizing microinsurance premiums paid by participating MFI clients in order to support the expansion of an index-based catastrophe micro-insurance product that was the first index insurance project funded by GIIF in the Caribbean. MiCRO is a reinsurance provider based in Barbados. MiCRO currently provides natural catastrophe and weather index insurance to microfinance institutions (MFIs), which in turn insure low-income micro-enterprises.
52% of the population in Haiti lives in rural areas. However, Haitian agriculture historically remained unprofitable and financial credit to agriculture represents less than 1% of the total loan portfolio of banks. As a consequence, 60% of the food consumed in Haiti is imported. Agricultural production is severely affected by natural catastrophes such as excessive rain, hurricane strength winds, and droughts.