Advanced

Advanced

Search only in following topics
More search criteria

Weather index

You are here

Home    /    Weather index

PlaNet Guarantee - Benin

Market launch: 
2013
Topics: 
Weather index
Product distribution
Micro-level
Country: 
Benin
Region: 
Sub-Saharan Africa
The project started in Benin in 2012. Raising awareness sessions were hold by the GEA for the clients of FECECAM. Despite a huge interest for the product there were no sales in 2012 due to the non authorization on time of the index product by the DNA. The distribution process of index products for two types of maize commenced in June 2013. PlaNet Guarantee provided satellite based weather index insurance and area yield index insurance for maize and cotton farmers in Benin and MFIs were the main distribution partners, in particular FECECAM, the largest MFI in Benin with a large network of branches throughout the country.
Read More

Feasibility Study for Crop and Livestock Index-insurance - Papua New Guinea

Start date: 
2012
Topics: 
Weather index
Area yield
Livestock
Micro-level
Country: 
Papua New Guinea
Region: 
East Asia and Pacific
Papua New Guinea (PNG) is a lower middle income country located in the Asian-Pacific region. Agriculture is the predominant source of livelihood in the country, with the agricultural sector accounting for 67% of the total labor force and 35% of the GDP in 2010. PNG has a very high exposure to earthquake, tsunami and volcanoes as well as being affected by climatic perils including tropical cyclones and the influence of the El Nino Southern Oscillation (ENSO) cycle which brings with it extremes of drought and excess rain and flooding.
Read More

Sanasa Insurance - Sri Lanka

Market launch: 
2011
Topics: 
Weather index
Product distribution
Country: 
Sri Lanka
Region: 
South Asia
In 2011, the World Bank Group and Partner Sanasa Insurance Company Ltd. (SICL ) , supported by the Global Index Insurance Facility (GIIF), started working on stimulating the weather-related index insurance market in Sri Lanka through a combination of capacity building and awareness raising activities at both the institutional and the smallholder farmer levels.
Read More

Capacity Building - Haiti

Start date: 
2014
Topics: 
Legal/Regulatory frameworks
Product design
Weather index
Country: 
Haiti
Region: 
Latin America & the Caribbean
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.
Read More

Feasibility Study for Cotton and Livestock Index Insurance - Argentina

Start date: 
2011
Topics: 
Legal/Regulatory frameworks
Weather index
Area yield
Hybrid
Country: 
Argentina
Region: 
Latin America & the Caribbean
Argentina’s agriculture sector is very vulnerable to weather risks. For instance, cotton in the Chaco Province - the most important cotton producing area in Argentina and the third poorest province - is very exposed to drought, excess rainfall and pests. Similarly, cattle-rearing in southwest Buenos Aires Province is very exposed to droughts which impact severely on pasture production.
Read More

MicroEnsure - Rwanda

Market launch: 
2010
Topics: 
Product design
Weather index
Micro-level
Country: 
Rwanda
Region: 
Sub-Saharan Africa
Agriculture in Rwanda accounts for one-third of Rwanda’s GDP; constitutes the main economic activity for rural households (especially women) and remains the main source of income. Today, the agricultural population is estimated to be a little less than 80% of the total population. The sector meets 90% of the national food needs and generates more than 70% of the country’s export revenues. (Source: Rwanda Development Board). Much of the agricultural land is rainfed, with little or no irrigation available. This is exacerbated by the fact that more than 68% of Rwandan land is on hillsides with a slope greater than 16%. The majority of agricultural activities are by non-commercialized smallholder farmers, with minimal investment leading to reduced yields and continued food insecurity. Commercial banks and microfinance institutions are using weather index insurance as a tool to reduce their portfolio at risk when lending to smallholders. This enables rural investment to increase, which in turns provides higher agricultural outputs leading to higher incomes. In addition, weather index insurance provides a safety net against the effects of adverse weather.
Read More

Guy Carpenter & Co LLC - Mozambique

Market launch: 
2012
Topics: 
Weather index
Product distribution
Micro-level
Meso-level
Country: 
Mozambique
Region: 
Sub-Saharan Africa
In Mozambique, agriculture accounts for approximately 32% of GDP and involves over 81% of the population. Yet, only a fraction of Mozambique’s potentially arable land is currently under cultivation. This lack of arable land usage is in large part due to risk aversion on the part of farmers and financial institutions since natural hazards such as droughts and floods regularly affect agricultural production. Up until recently, no market for agriculture insurance products existed for smallholder farmers in Mozambique leaving poor farmers in the country highly exposed to natural perils. This hinders their access to third-party capital, discourages the use of new farming techniques/technologies and overall hampers the ability of smallholders to exit poverty. As a direct result of a Local Capacity Building grant awarded to Guy Carpenter in 2011 from the World Bank Group's GIIF, the firm ─ in conjunction with the Asia Risk Centre Inc., Hollard Mozambique and EMOSE ─ designed, developed, and deployed two agriculture weather index insurance pilots in Mozambique in late 2012. The index-based insurance products covered maize farmers in the district of Chimoio and cotton production in the districts of Lalaua and Monapo.
Read More

ACRE/Syngenta Foundation for Sustainable Agriculture - Kenya, Rwanda, Tanzania

Market launch: 
2013
Topics: 
Weather index
Area yield
Micro-level
Country: 
Kenya
Rwanda
Tanzania
Region: 
Sub-Saharan Africa
ACRE Africa (formerly the Kilimo Salama project of the Syngenta Foundation for Sustainable Agriculture) is having an active project in Kenya, Rwanda, and Tanzania. The largest private sector index-based insurance program in Kenya and Africa develops and offers insurance for African farmers (smallholder to large-scale commercial farmers) so that they can feel confident investing in their farms and feed their communities. The initiative has designed insurance products to cover a variety of crops against drought, erratic rain, and disease. is an insurance initiative of the Syngenta Foundation for Sustainable Agriculture. It develops and offers insurance for African farmers (smallholder to large-scale commercial farmers) so that they can feel confident investing in their farms and feed their communities. The initiative has designed insurance products to cover a variety of crops against drought, erratic rain, and disease.
Read More

Feasibility Study for Livestock Index Insurance - Uruguay

Start date: 
2011
Topics: 
Satellite data
Product design
Weather index
Micro-level
Country: 
Uruguay
Region: 
Latin America & the Caribbean
Cattle production is a key economic activity in Uruguay, contributing nearly 50% of the value of exports. However beef cattle production is heavily exposed to the effects of weather events. On several occasions, droughts have resulted in livestock loss and reduction in productivity and fertility of surviving cows.
Read More

Feasibility Study for Index-insurance and Awareness Raising - Nigeria

Start date: 
2011
Topics: 
Weather index
Hybrid
Micro-level
Country: 
Nigeria
Region: 
South Asia
Sub-Saharan Africa
Agricultural insurance was introduced in Nigeria in 1987 through the creation of the Nigerian Agricultural Insurance Scheme (NAIS). In 1993, the private company in charge of underwriting and implementing the NAIS was dissolved and replaced by a public-sector corporation, the Nigerian Agricultural Insurance Corporation, NAIC. Currently, NAIC writes a portfolio of crop, forestry, livestock, poultry and aquaculture insurance and also non-life commercial insurance lines. NAIC has received government support both in the form of the initial capitalization of the company and 50% premium subsidies on...
Read More
15