Index Insurance Forum

Sub-Saharan Africa

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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...
English and French brochures detailing GIIF's involvement with the development of weather index insurance in Senegal are now available for digital viewing. The documents contain an overview of GIIF's and stakeholders' actions and track the progress of index insurance in the country since its onset in 2009.
The core objective of the project was to build the resilience of food-insecure smallholders through an integrated risk management approach which includes weather index insurance, assets creation , credit and savings interventions, and climate services.
The core objective of the project was to understand where the index-based insurance is functioning well and where it must be improved to provide outputs potentially valuable for index insurance mechanisms, applications, and reliable scalability.
The core objective the project was to contribute to enhancing the resilience of those people dwelling in drought-prone areas such as southern parts of Oromia region and Somali region through a series of surveys/studies and implementation of pilot projects.
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.
The World Bank has stated that the Kenya Livestock Insurance Program (KLIP), an index insurance that insures vulnerable pastoralists in the northern counties, has so far paid out about 5.3 million U.S dollars to over 20,000 pastoralists, according to a Xinhua report .
Rwanda is hosting the 4th Eastern and Southern Regional Conference on Microinsurance aimed at sharing insights on inclusive insurance business models and strategies, Rwanda's The New Times reports. National agricultural insurance schemes and weather index insurance pilots will be discussed as tools for making agricultural insurance accessible to smallholder farmers.
On behalf of the German Ministry for Environment, Nature Conservation and Nuclear Safety, and Building (BMUB) Integrated Climate Risk Management (ICRM) concepts are being developed in selected country contexts to insure vulnerable population groups, private businesses, and governments against financial risks from extreme weather events. The resulting lessons learned are being made available for the international debate on climate risk management for replication and scaling-up purposes.
The objective of Innovative Insurance Products for the Adaptation to Climate Change (IIPACC) is to assist the insurance sector in Ghana to develop and offer innovative, demand-oriented and economically viable insurance products to cover financial risks on account of crop losses caused by extreme weather events and impact of climate change.