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Rwanda to Host a Regional Conference on Micro-insurance

Wed, 08/30/2017
Topics: 
Public/Legal frameworks
Country: 
Rwanda
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.
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8
Jun

GIIF at European Development Days 2017

Topics: 
Public/Legal frameworks
Product design
Year: 
2017
As part of this year's European Development Days (EDD 2017), GIIF hosts a session entitled "Index Insurance: An Innovative Tool for Risk Management and Resilience Building" on June 8, 2017, at Tour & Taxis in Brussels. The 75-minute session, under the event's theme of "Partnering with the Private Sector, explores how building stronger and sustainable public-private partnerships can create market solutions that champion climate change adaptation. Moderated by GIIF Program Manager Fatou Assah, the panel will be joined by: Ken Aghoghovbia , Deputy Managing Director/Chief Operating Officer -...
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Index Insurance Requires Greater Supervision

Mon, 03/27/2017
Topics: 
General
Public/Legal frameworks
At the 9th Consultative Forum on Insurance for Smallholder Farmers in March 2017 in Singapore, Craig Thorburn, World Bank Group's Lead Financial Sector Specialist, said while beneficial and expanding across the globe, it is essential that there be great supervision for index-based or parametric insurance. “Policymakers, insurers, and regulators should sit together to develop new strategies and index-based insurance solutions,” said Dr. Yoshihiro Kawai, Secretary General of the International Association of Insurance Supervisors (IAIS), Artemis reports .
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9
Aug

Innovative Index Insurance Solutions – Uruguay

by
Peter Wrede and Kaavya Krishna
in
Satellite dataPublic/Legal frameworksLivestockMacro-level
The risk of drought is one of the biggest threats to livestock production in Uruguay. This is particularly relevant in livestock breeding bases, as the quality of the available pasture directly affects the quality of the livestock, and livestock fertility takes years to recover from bad droughts. In 2011 The World Bank Group (WBG) launched a feasibility study on developing an Index Insurance pilot in Uruguay, funded by the Government of Japan through the Global Index Insurance Facility (GIIF). The study quantified the total number of reproductive livestock units as 3.8 million countrywide,...
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Innovative Index Insurance Solutions – Uruguay

Content owner: 
Innovative Index Insurance Solutions – Uruguay
Author: 
Peter Wrede and Kaavya Krishna
Language: 
English
Topics: 
Satellite data
Public/Legal frameworks
Livestock
Macro-level
In 2011 The World Bank Group launched a feasibility study on developing an Index Insurance pilot in Uruguay, funded by the Government of Japan through the Global Index Insurance Facility. The study quantified the total number of reproductive livestock units as 3.8 million countrywide, with 315 million USD total sum insured. The corresponding number of livestock producers was estimated at 38,000. The outputs of this technical and financial assistance has allowed the Government of Uruguay to start pilot testing an innovative Normalized Difference Vegetation Index (NDVI) index insurance to cover...
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Facilitating Dialogue on Index Insurance Between the Public and Private Sector

Wed, 07/06/2016
Topics: 
General
Data
Public/Legal frameworks
Micro-level
Country: 
Kenya
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...
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Activity Snapshot: Facilitating Dialogue on Index insurance between the Public and Private Sector

Content owner: 
Facilitating Dialogue on Index insurance between the Public and Private Sector
Author: 
Kaavya Krishna
Language: 
English
Topics: 
General
Data management
Public/Legal frameworks
Micro-level
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...
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Agriculture Focus - Parametric Insurance Solution Against Climate Change Effects

Tue, 12/01/2015
Topics: 
General
Data
Public/Legal frameworks
Weather index
Product distribution
Mr. Tanguy Touffut of AXA Corporate Solutions discusses the benefits of parametric insurance, which he sees as a promising solution for farmers and other weather-sensitive industries against climate-change effects. It is nothing new: climate change, a phenomenon in full effect, has many drastic consequences of all types for people, companies, and entire economies alike. It has been observed that weather extremes are increasing as a consequence of climate change. In January 2015, AXA Corporate Solutions entered into a partnership with the World Bank’s Global Index Insurance Facility (GIIF)...
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ILO Partners Centre For Insurance To Train Operators

Mon, 10/26/2015
Topics: 
Public/Legal frameworks
Legal/Regulatory frameworks
The International Labour Organisation (ILO)'s Impact Insurance Facility together with the Centre for Insurance and Financial Management Studies in Nigeria will be organising a training course for insurance practitioners from October 21 to 23, 2015 in Lagos. It is also being organised with the support of the Global Index Insurance Facility and in partnership with the GIZ of Germany. The training Unlock the demand for your products: How to deliver what your clients see as value” builds on a variety of resources that the ILO has produced during its six years of supporting innovation and research...
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22
Sep

Should governments support the development of agricultural insurance markets?

by
Daniel Clarke and Felix Lung
in
GeneralPublic/Legal frameworksLegal/Regulatory frameworksPremium subsidiesWeather index
Previously published here on the World Bank Group's Private Sector Development Blog How governments can ensure that low-income farmers are financially protected against natural disasters, such as droughts, was at the heart of a panel discussion at the “ Global Index Insurance Conference ,” which concluded earlier this week in Paris. The panelists explored various options, such as the disaster reserve fund FONDEN in Mexico as well as three index-based insurance programs aiming to protect vulnerable farmers: the African Risk Capacity , the Kenya Livestock Insurance Program, and the Mexican...
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