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Seeds for a Better Future: Financial Resilience through Agricultural Insurance

Seeds for a Better Future: Financial Resilience through Agricultural Insurance

17
Jan
Author:
Jill Huang
On November 19th, 2019, Fatou Assah, GIIF program manager, and John Plevin, Financial Sector Specialist of Crisis and Disaster Risk Finance (CDRF) co-hosted a tech session as part of the FCI Knowledge Exchange Week in Washington DC. Agricultural insurance can provide vulnerable agriculturalists with certainty in the face of natural disasters such as drought, reducing dependence on harmful coping mechanisms, and ultimately leading to increased financial resilience of the individual and the wider community and economy. This 90-minute tech session provided an overview of how the World Bank and
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GIIF Delivered Index Insurance Training with Africa Re in Nigeria

GIIF Delivered Index Insurance Training with Africa Re in Nigeria

Published on:
From December 2 - 6, 2019, the IFC in collaboration with Africa Re delivered training to the Nigerian insurance market as part of the Index Insurance Technical Assistance Program, which will run until December 2020 and is funded by the WBG’s Global Index Insurance Facility. The program is aimed at providing technical capacity to insurers interested in developing products that will build the resilience of smallholder farmers in the country. In 2019, the number of insured smallholder farmers increased from approximately 15,000 in 2018 to approximately 191,000. The event took place at the Golden
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Index Insurance： A Viable Solution for Irrigated Farming?

Index Insurance： A Viable Solution for Irrigated Farming?

Content owner:
Index Insurance： A Viable Solution for Irrigated Farming?
Author:
Rathnija Arandara, Shanuki Gunasekera, Agrotosh Mookerjee
“Product development is a continuous learning process. When it comes to index insurance for agriculture, product development in the Sri Lankan market has been a challenge, as agriculture here is dependent on dual sources of water: rainfall and irrigation. ‘Index Insurance ： A Viable Solution for Irrigated Farming?’ is an attempt to capture our experience in developing a hybrid index insurance product to address the farmer’s needs in this context, with lessons for replication” (Authors). Funded by the World Bank Group’s Global Index Insurance Facility (GIIF), the index insurance pilot is part
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GIIF Seminar on International Experience with Agriculture Insurance: Providing Financial Protection Against Climate Risks
04
Dec

GIIF Seminar on International Experience with Agriculture Insurance: Providing Financial Protection Against Climate Risks

On November 15, 2019, the Global Index Insurance Facility (GIIF) hosted a full-day seminar, International Experience with Agriculture Insurance: Providing Financial Protection Against Climate Risks, in Washington, DC. In his opening remarks, Mr. Olivier Mahul, Practice Manager of Crisis and Disaster Risk Finance (CDRF), reflected on his 15-year career at the World Bank starting with involvement in Index-based livestock insurance (IBLI) in Mongolia followed by crop insurance scheme in India to offer his insights on how the agriculture insurance has evolved by tacking various challenges. He
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Fiji Signs MOU with IFC for Cyclone Insurance to Cover Most Vulnerable Citizens

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

Published on:
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
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InsuResilience Global Partnership Announced Vision 2025 at UN Climate Action Summit

InsuResilience Global Partnership Announced Vision 2025 at UN Climate Action Summit

Published on:
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
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Interviews from the GIIF Agriculture Insuretech Forum 2019

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 .
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Adapt now: A Global Call on Leadership for Climate Resilience

Adapt now: A Global Call on Leadership for Climate Resilience

Content owner:
Adapt now: A Global Call on Leadership for Climate Resilience
Date:
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.

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VIDEO: GIIF Agriculture Insuretech Forum After Film - Mumbai 2019

Topics:
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

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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

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