Although the industry direct and indirect losses from COVID-19 have not been studied systematically, 2020 marked a difficult and transformative year for the insurance sector. As part of containment measures imposed by the governments to curb the spread of the virus, economies worldwide were forced into lockdown causing inevitable second-order effects of supply chain disruptions, business closure, loss in income and jobs leading to third-order effects of poverty and food insecurity intensifying in the vulnerable communities. In fact, using the latest dataset, the World Bank recently released...

The Partnership Forum is the annual meeting of the InsuResilience Global Partnership, bringing together all members and partners, from governments to representatives of international organizations, civil society, the private sector and academia. The Partnership Forum serves as platform to exchange experience and knowledge and to raise awareness about climate risk finance and insurance. As an active member in this Global Partnership, GIIF participated in this year’s forum together with its long-term implementation partner ACRE Africa. The event was held as a 4-day virtual event from 7-10...

The climate of Madagascar favors a wide range of agricultural activity, including crop and livestock production, fishery and forestry. In addition, approximately 70 percent of the total land area is arable ( FAO 2016 ) and the agricultural sector makes a significant contribution to the economy: at least 23 percent of the country’s GDP and 64 percent of total employment can be attributed to the sector ( ILO 2020 ). Most agricultural production is driven by smallholder farmers, who make up about 70 percent of the farming population ( FAO 2019 ). However, due its geographical location and the...

Agriculture Technologies (AgTechs) have demonstrated positive impact on improving the development of agriculture sector specially during the COVID-19 pandemic. By disrupting traditional supply chain, agtechs help to improve efficiency, reduce input cost, and increase farmers’ income by raising farm gate price, etc. Adopting and scaling up AgTechs can unleash the potential of the improvement in agriculture sector, which is of great significance to countries with high proportion of employment in this industry . India has 41.49% of its workforce employed in agriculture industry ( ILO 2020 )...