As part of its commitment to enhance financial literacy in agriculture insurance and index-based insurance, the Global Index Insurance Facility (GIIF) is proud to present a series of eLearning modules. These modules are designed to encourage self-paced learning, offering comprehensive insights into essential topics within the field. The "Introduction to Index Insurance" course provides a robust overview of agriculture and index insurance, covering fundamental concepts as well as advanced topics such as data utilization in product design, pricing strategies, and livestock index insurance.

This course is ideal for a diverse audience, including the general public, professionals in the insurance and agricultural sectors, and policymakers. The four meticulously crafted modules deliver qualitative information on Agriculture Insurance, Data Issues, an Overview of Pricing, and Index-based Livestock Insurance. Available in both English and French, these self-paced modules ensure accessibility and convenience for learners worldwide.

For those interested, detailed enrollment instructions are provided to guide new users through the process. Should you have any questions, Sandra Carrollo is available for support at scarrollo@ifc.org. For technical assistance, please contact olcsupport@worldbank.org, ensuring you include the course name and a clear description of the issue. This initiative is a collaborative effort with the World Bank Group, Columbia University's International Research Institute for Climate and Society, and other esteemed knowledge partners, reflecting our collective dedication to advancing knowledge in this vital sector.

Advanced Learning with New Climate Insurance Modules

Following GIIF's commitment to continuously create tools and resources that make knowledge accessible for everyone, the program has recently introduced a new series of modules to complement the initial course. These advanced modules, available to the public through the OLC platform in English and French, delve deeper into the technical aspects of climate insurance. We invite you to explore these new offerings and further enhance your skills in this specialized area.

The "Technical Design and Premium Calculations for Crop Climate Insurances" course, consisting of four modules, builds on the foundational knowledge provided in the initial series. It is designed for learners who are already familiar with Excel and basic mathematical concepts. Although the mathematical level does not exceed high school, the course content is equivalent to university-level studies. Participants will need a computer to engage fully with the self-paced modules, which they can revisit as needed.

This course covers the fundamentals of databases, precautions in data processing, and the use of Excel as a mini-database for handling regional rainfall data. Learners will construct an Excel sheet to calculate claim payments under a typical climate insurance contract based on historical rainfall data. The modules also address basic risk calculation concepts and sensitivity analysis, enabling users to understand the risks associated with different contract parameters. By the end of the course, participants will be adept at modifying and adapting any climate-based agricultural insurance contract, supported by comprehensive Excel exercises.

We encourage all interested parties to take advantage of these new modules to deepen their understanding and expertise in climate insurance. Whether you are a professional, policymaker, or simply keen to learn more, these resources are designed to support your continuous learning journey.