GIIF partners with some of the most impactful and innovative agricultural insurance partners to implements its programs across all its markets.
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GIIF implementing partners use a variety of data providers for historical and settlement weather and other index data, including: 1) Ground weather stations set up by the implementing partners, and some owned by governments 2) Satellite technology 3) Ministries of Agriculture meteorological departments for area yield data 4) R ichter scale for seismic activity Limited ground weather data and infrastructure motivated GIIF’s implementing partners to seek partnerships with remote sensing scientists and technical specialists with special skills in satellite data processing and product design. Most
Besides underwriting the risk, reinsurers significantly contribute to knowledge transfer on product structuring, pricing and data analysis.
European Union The European Union is made up of 27 Member States who have decided to gradually link together their know-how, resources, and destinies. Together, during a period of enlargement of 50 years, they have built a zone of stability, democracy, and sustainable development whilst maintaining cultural diversity, tolerance, and individual freedoms. The European Union is committed to sharing its achievements and its values with countries and peoples beyond its borders. Sustainable agriculture and food security are at the top of the EU, G8 and G20 agendas. With over 70% of the world’s poor
The Global Index Insurance Facility (GIIF) facilitates access to finance for smallholder farmers, micro-entrepreneurs, and microfinance institutions through the provisions of catastrophic risk transfer solutions and index-based insurance in developing countries. GIIF’s regional partners have facilitated more than 13 million contracts, covering over 65 million beneficiaries, with approx. $2 billion in sums insured, reaching over one million with information and access to index insurance. GIIF’s o bjectives are to provide access to financing for the vulnerable; to strengthen the financial