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Strengthening Resilience: Disaster Risk Finance Academy 2025 in Istanbul

7
Apr
This April 2025, the Disaster Risk Finance Academy: Affordable Disaster Risk Insurance through Public-Private Partnerships (PPIPs) takes place in Istanbul, Türkiye. Organized in collaboration with the Turkish Catastrophe Insurance Pool (TCIP), the Insurance Development Forum (IDF), and academic partners, this program brings together thought leaders, policymakers, and experts from across the globe to explore innovative solutions for building disaster risk finance markets. Across the developing world, nearly one in five people are at risk of climate-related disasters that could leave them
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Advancing Gender Inclusion into Zambia’s Insurance Sector Thumbnail
06
Mar

Advancing Gender Inclusion into Zambia’s Insurance Sector

Gender gaps in financial inclusion remain a challenge in Zambia, with disparities in both access to financial services including insurance products, and limited leadership opportunities for women in the financial sector. Currently, only 39.1% of women have used insurance services compared to 60.9% of men , highlighting a gap in access to and use of affordable financial products and services. This disparity prevents women from protecting their businesses, families, and livelihoods from financial shocks. Addressing this gap is key to building a more resilient insurance sector and achieving
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IFC and ARC Ltd. Sign Agreement Thumbnail
04
Mar

IFC and ARC Ltd. Sign Agreement to Expand Climate Risk Insurance in Africa

GIIF
Johannesburg, South Africa – February 27, 2025 The International Finance Corporation (IFC) and African Risk Capacity Limited (ARC Ltd.) have signed a landmark agreement to enhance climate risk insurance solutions for smallholder farmers and agricultural value chains across Africa. This partnership aims to scale up agricultural insurance as a critical tool for de-risking investments and increasing resilience to climate change impacts. The signing ceremony took place in Johannesburg, South Africa, and was formalized by Sergio Pimenta , Regional Vice President for Africa at IFC, and Lesley Ndlovu
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Zambia Gender Mainstreaming Stakeholders’ Workshop

Zambia Gender Mainstreaming Stakeholders’ Workshop

25
Feb
Author:
Sameera Ahmad Aideed Hassan
The three-day workshop brought together key stakeholders in Zambia’s insurance industry to advance gender-inclusive insurance solutions. The first day featured a morning session for CEOs of insurance companies, while the next two days engaged technical staff in a deeper discussion. As part of the Zambia Inclusive Insurance Program, IFC is supporting the Pensions and Insurance Authority (PIA) in developing a gender mainstreaming strategy and action plan to make insurance products more accessible and relevant, particularly for women. The workshop aimed to gather feedback on the strategy while
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Building Resilience: How IFC, PIA, Mayfair Insurance & ZEP-RE Are Expanding Climate Insurance in Zambia

Droughts, floods, and extreme temperatures are putting smallholder farmers in Zambia at risk, causing crop losses, income instability, and food insecurity. To address this, IFC – International Finance Corporation and its partners are working to provide climate insurance to over 1.5 million farmers, helping them recover faster from climate shocks. Through the Zambia Inclusive Climate Insurance Project, this funding is offering critical support amid Southern Africa’s worst El Niño-driven dry spell in over a century. In this video, farmers Ednah and Chrispine share their firsthand experiences
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Explore January’s GIIF Quarterly Newsletter

Discover the latest insights in the GIIF October Newsletter, featuring key developments in financial resilience and parametric insurance. Dive into our expert-led articles, event highlights, and the newest industry reports
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Ms. Hope Murera, MD and CEO of ZEP-RE, and Sergio Pimenta, Vice President at IFC, signing a partnership agreement with pan-African reinsurer ZEP-RE during the Africa Financial Summit (AFIS) in Morocco

IFC and ZEP-RE Join Forces to Expand Digitally-Driven Insurance Access for Farmers

Published on:
Country:
Morocco
At the Africa Financial Summit 2024 in Casablanca, IFC and pan-African reinsurer ZEP-RE (PTA Reinsurance Company) signed a partnership agreement to launch digital insurance solutions for smallholder farmers and agri-SMEs. Sergio Pimenta, IFC Vice President for Africa, signed the agreement on behalf of IFC, reinforcing the commitment to financial inclusion and climate resilience across the continent. IFC thanked Ms. Hope Murera, ZEP-RE MD & CEO, and the entire ZEP-RE team for their unwavering support in advancing financial protection for Africa’s farmers and agri-sector businesses. Read the
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ICII_2024
30
Jan

Insights from the ICII 2024: Advancing Inclusive Insurance for Empowerment and Resilience

Doris E. Ibekwe, IFC Consultant
From October 21–25, 2024, over 500 global experts convened in Kathmandu, Nepal, for the International Conference on Inclusive Insurance (ICII). The event united stakeholders from 43 countries to explore pathways for accelerating the growth and viability of inclusive insurance in emerging markets. With discussions ranging from climate risk and gender-focused strategies to digital innovation and microinsurance trends, the ICII offered a vital platform to advance the agenda of inclusive insurance as a tool for economic resilience and empowerment. Inclusive Insurance: A Catalyst for Sustainable
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IFC FIG Hosts Inaugural Africa Agri-Finance Meeting in Casablanca

IFC FIG Hosts Inaugural Africa Agri-Finance Meeting in Casablanca

Published on:
Country:
Morocco
Last December 2024, IFC hosted its inaugural Agri-Finance meeting in Casablanca, bringing together IFC FIG Africa Clients and Partners for a day and a half of learning, networking, and knowledge exchange. The event centered on the critical role AgTech companies play in advancing food security and agricultural productivity across Africa. Discussions focused on how innovative technologies, including data and AI, can enhance financial inclusion for farmers, address food security challenges, and drive sustainable agricultural practices. John Kamara , founder of Afya Rekod shared valuable insights
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Strategic Partnership for Climate-Resilient Agriculture in Côte d’Ivoire

Strategic Partnership for Climate-Resilient Agriculture in Côte d’Ivoire

Published on:
Country:
Côte d'Ivoire
On December 2, 2024, in Abidjan, Côte d’Ivoire, the International Finance Corporation (IFC) and a Consortium of Insurers—comprising Atlantique Assurances, SanlamAllianz, and AXA—signed a groundbreaking cooperation agreement under the IFC’s Global Inclusive Insurance Program (GIIF), co-financed by the BMZ. This partnership aims to enhance the resilience of Côte d’Ivoire’s agricultural sector by providing tailored and accessible insurance solutions to smallholder farmers and SMEs, addressing risks from climate-induced challenges such as droughts, floods, and erratic weather. With a target to
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