Index Insurance Forum

Sub-Saharan Africa

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(C) Katharina Nett / GIZ
22
Jun
From April 17 to 20, the Strategic Alliance on Climate Risk Transfer Solutions facilitated two high-level executive training on index-based livestock insurance in Mombasa, Kenya. The goal was to reflect on the Kenya Livestock Insurance Program (KLIP) – a flagship program in agricultural insurance – and define next steps for further improvement and implementation on national and county level. The World Bank and the International Livestock Research Institute (ILRI) are also involved in the Program and the gained knowledge is openly shared for other programs and countries to use. The...
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...
ACRE Africa participated in 2018 Understanding Risk Forum in Mexico City in May 2018. Organized by the World Bank’s Global Facility for Disaster Reduction and Recovery (GFDRR) and partners every two years, the event provides organizations and individuals with the opportunity to exchange knowledge, highlight new activities and initiatives, establish new partnerships, and foster innovation in the field. As part of this year’s program, the Disaster Risk Financing and Insurance Program (DRFIP) and the Global Index Insurance Facility (GIIF) – both in the WBG’s Finance, Competitiveness &...
Poor rainfall in parts of Africa has triggered the largest insurance payout to date for smallholder farmers under the R4 Rural Resilience Initiative (R4), a program launched by the World Food Programme (WFP) and Oxfam America in 2011. African farmers will receive insurance payments totaling US$1.5 million to compensate for weather-related crop losses in Ethiopia, Kenya, Malawi, Senegal, and Zambia, Reliefweb reports , according to a WFP press release.

Assurance agricole basée sur un indice climatique au Sénégal

The video discusses the development of weather index insurance in Senegal, including GIIF's and stakeholders' actions and involvement with index insurance in the country since its onset in 2009. The video is in French.
ACRE Africa, a partner of the Global Index Insurance Facility and one of the pioneers of agriculture insurance in the African region, received the HEC-OCP Award for Best Technological Startup in the agriculture sector at the AfricaDays 2018 event. HEC Paris - Seed Project and OCP Africa recognized ACRE Africa as one of the startups that is shaping the future of agriculture while addressing the challenges due to climate change. Wairimu Muthike, ACRE Africa's Head of Business Development (image) , was in France to accept the award. ACRE Africa offers technical support to the insurance and...
< 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...

GIIF Capacity Building in West Africa (French)

In December 2017, 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. GIIF staff and participants discuss the importance of capacity training on index insurance in this video.
There has been an increase in projects in sub-Saharan Africa to develop index insurance that helps farmers build resilience against climate change, EURACTIV.fr reports . Currently, dozens of projects are led by the World Bank to develop this type of insurance. In West Africa, initiatives are coordinated by GIIF's partner, PlaNet guarantee, in Benin, Burkina Faso, Mali, and Senegal. Anne Durez, head of marketing at PlaNet guarantee, index insurance follows a double objective: “stabilizing farmers’ incomes and allowing them to finance their activities.”
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