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Fiji Signs MOU with IFC for Cyclone Insurance to Cover Most Vulnerable Citizens

Published on:

Thursday, October 17, 2019

Fiji, October 17, 2019 – IFC and the Fijian Government have signed an agreement that paves the way to help the country’s disadvantaged families and farmers gain access to an insurance payout in the event of a severe cyclone. The Memorandum of Understanding (MoU) was signed at a meeting on the sidelines of the Annual Meetings in Washington DC, by Fiji’s Minister of Economy, Aiyaz Sayed-Khaiyum(link is external) and IFC’s Vice President for Asia and the Pacific, Nena Stoiljkovic(link is external). This IFC initiative is undertaken as part of the Fiji Partnership, supported by Australia and in

InsuResilience Global Partnership Announced Vision 2025 at UN Climate Action Summit

Published on:

Monday, September 23, 2019

On Sept 23, 2019, the InsuResilience Global Partnership (IGP) announced its Vision 2025 and work plan at the UN Climate Action Summit in New York. In the communiqué, IGP committed to enhancing climate and disaster risk finance and insurance ( CDFRI) as a solution to close the protection gap and emphasize the urgency of scaling up and accelerating risk financing in 2019 and beyond. In its Vision 2025 and Workplan, IGP dedicated to achieving ten goals, including: 500 million poor and vulnerable people covered against disaster and climate shocks by pre-arranged risk finance and insurance

Interviews from the GIIF Agriculture Insuretech Forum 2019

Content owner:

https://www.youtube.com/playlist

The Global Index Insurance Facility conducted video interviews with donors, guest speakers, and participants at the GIIF Agriculture Insuretech Forum 2019 in Mumbai, India. All videos are listed here .

Adapt now: A Global Call on Leadership for Climate Resilience

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Adapt now: A Global Call on Leadership for Climate Resilience

Date:

September/2019

Author:

Global Commission on Adaption

This GCA report focuses on making the case for climate adaptation, providing specific insights and recommendations in key sectors: food security, the natural environment, water, cities and urban areas, infrastructure, disaster risk management, and finance. It is designed to inspire action among decision-makers, including heads of state and government officials, mayors, business executives, investors, and community leaders. GIIF's KLIP (Kenya livestock insurance program) were featured in the report under Public Finance.

VIDEO: GIIF Agriculture Insuretech Forum After Film - Mumbai 2019

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General

July 9, 2019; Mumbai (INDIA): The Global Index Insurance Facility (GIIF) and Sankalp Forum by Intellecap, announced the winners of Agriculture Insuretech Innovation Challenge at the Agri Insuretech Forum that took place at the Taj Mahal Hotel in Mumbai. GIIF invited participants from leading insurance companies, government officials from the Ministry of Agriculture, impact investors, and innovators incubators from the agriculture, technology, and insurance sectors. The platform held key panel discussions on bringing together the Agri-insuretech ecosystem stakeholders such as innovators

GIIF project in Cameroon (Original report by CRTV in French)

On Aug 2, 2019, GIIF signed 270 million CFA of grant agreements with two Cameroonian insurance companies, ACTIVA Assurance and AXA Cameroon, to help tens of thousands of Cameroonian farmers and pastoralists, especially in the cotton, maize, sorghum and livestock sectors, acquire affordable insurance coverage. To watch the full original report by CRTV, please go to: https://youtu.be/NAbv2I-53fs To read more about this GIIF project, go to: https://lnkd.in/eB_Utn6 Yaoundé vendredi 2 août 2019, en présence de quatre (4) Ministres, pour le lancement de l’assurance agricole indicielle au Cameroun

GIIF Launched Index Agricultural Insurance Project in Cameroon

Published on:

Friday, August 9, 2019

GIIF signed grant agreements with two Cameroonian insurance companies, ACTIVA Assurance and AXA Cameroon, to help tens of thousands of Cameroonian farmers and pastoralists, especially in the cotton, maize, sorghum and livestock sectors, acquire affordable insurance coverage. Both IFC partner insurance companies have already established strong relationships with cotton industry players - SODECOTON and the National Confederation of Cameroon Cotton Producers (CNPCC) - and have provided index insurance to nearly 8,000 cotton growers in the Northern region of the country for the 2019 campaign. To

GIIF Program One-pager 2019: Providing Access to Finance to Help Smallholder Farmers, Micro-entrepreneurs and Micro-finance Institutions

Author:

GIIF

The linkage between agriculture and climate change is undeniable. Any change in the climate has significant effects on crop yields and livestock, which intensifies the agriculture sector’s vulnerability to weather and disaster risks. More frequent extreme weather events and natural disasters distress the poor and the vulnerable most heavily and, as a result, agricultural and index-based insurance products have increasingly been regarded as significant tools for smallholder farmers to protect themselves from financial losses. As we know, insurance normally provides valuable access to credit and

InsureTech for Agricultural Insurance

GIIF Specialist Vijayasekar Kalavakonda explains commons challenges faced in the agriculture insurance value chain and how technology can tackle those problems.