Date: October 14, 2024 Time: 1:00 – 3:00 PM Location: Cairo, Egypt The session titled “The Role of Insurance in Advancing Financial Solutions for Sustainable Agriculture and Food Security in Africa” took place in Cairo on October 14, 2024. This significant event brought together industry leaders to explore innovative solutions to the challenges facing Africa's agricultural sector. The panel included distinguished speakers: Florence Boupda, Global Banking and Insurance Manager at IFC; Dr. Islam Azzam, Vice Chairman of the Financial Regulatory Authority of Egypt; Dr. Corneille Karekezi, CEO of

The document provides an extensive overview of the collaborative efforts between the Advisory and Investment teams at IFC, emphasizing their support for innovative agricultural insurance initiatives in developing countries. It delves into the transformative impact of these initiatives, beginning with the initial backing of Kilimo Salama in Kenya, followed by the scaling-up phase and IFC's 2024 investment in Pula. Through interviews with key figures like Florence P. Boupda, Fatou Assah, and Zeeshan Vazeer, the document highlights the strategic role of advisory services in identifying clients

A newly designed product detail brochure for Earthquake Index Insurance (EQII) is available for digital viewing. Since 2014, PT Reasuransi MAIPARK and GIIF have been developing EQII, a new insurance product that triggers an automatic payout based on pre-determined earthquake parameters. EQII is designed to protect the lending portfolios of banks and microfinance institutions (MFIs) from liquidity crises in the aftermath of an earthquake. The intended insured party of this product is a bank/MFI. Also available in Bahasa Indonesia.

We invite you to delve into the insightful symposium on index insurance and disaster risk financing for French-speaking countries, which took place in Dakar, Senegal. This event brought together over 120 participants from 15+ African nations, including experts, representatives, and stakeholders, to discuss innovative financial solutions for enhancing farmers' resilience to climate-related risks. The symposium emphasized the development of accurate index designs, the importance of partnerships between governments and the private sector, and the role of financial institutions in distributing

Located in the heart of Africa, with a land surface area of 2.3 million km2, the Democratic Republic of Congo (DRC) is the largest country in Sub-Saharan Africa (SSA) with rich soil and subsoil; over 80 million ha of fertile and arable land and 52 percent of all freshwater resources in SSA. Agriculture accounts for about 20 percent of GDP and employs some 70-75 percent of the economically active population[1]. DRC could potentially feed the entire African continent, yet it is currently unable to adequately feed its own population. The immense potential of the agricultural sector as a vehicle

In March 2022, in a joint effort, the Sankalp Forum and the IFC’s Global Index Insurance Facility (GIIF), ran the Africa AgTech & Inclusive Insurance Challenge aimed to celebrate and support young entrepreneurs who are working at the intersection of agriculture, insurance, climate, and gender to build resilience for smallholder farmers. Together, they identified 5 of the most promising AgTech enterprises who are looking to scale their innovative solutions that are driving agriculture resilience across sub-Saharan Africa. “The role of technology and innovation will be critical to driving growth

ASSOCIATION OF KENYA INSURERS AND ASSOCIATION OF KENYA REINSURERS ORGANIZE THE KENYA AGRICULTURE INSURANCE TRAINING SESSIONS From May 10 th to July 29 th, 2021, the Association of Kenya Insurers (AKI) and the Association of Kenyan Reinsurers organized the ‘Kenya Agriculture Insurance Training’: a series of virtual training sessions focused on developing the agriculture underwriting skills of insurers, brokers, claims- and business development staff, analysts, actuaries, and students in agriculture and insurance. Webinars like this are aligned with the main sponsor (AKI)’s mission which seeks

This S4YE Knowledge Brief “Digital Solutions for Youth Agripreneurs” delves into how digital solutions can address four key constraints for youth agripreneurs: 1) access to finance, 2) access to inputs, 3) access to markets, and 4) capacity development. We discuss some digital tools and services which can help address these four constraints, e.g., mobile banking, alternate credit scoring, crowdfunding, real-time pricing, e-Agri extension, precision agriculture. Customization of services (e.g., addressing gender intersectionality, localization) can lead to increased adoption by youth

The China Weather Index-Based Insurance Project (China WII), supported by the British Embassy Beijing, aims to create markets of digital insurance in rural areas by engaging public-private stakeholders. The project partners with policymakers, insurance companies, financial institutions, and insurance-tech players to introduce digital technology-empowered insurances, such as Weather Index-Based Insurance (WII) across the country over the next three years. The project also elevates its strategy from "product piloting" at inception to "creating markets" as of now. The four strategic pillars of

On February 4, 2020, GIIF clients AXA Cameroun and ACTIVA Assurances held the first compensation ceremony for insured cotton farmers who experienced production losses during the 2019 cropping season. The event was organized together with the umbrella association of Cameroonian cotton farmers (CNPCC) and SODECOTON, the main cotton company of Cameroon. The event was sponsored by IFC, through the Global Index Insurance Facility (GIIF). The ceremony was chaired by the Governor of the Northern Region and was marked by an impressive turnout of close to a hundred participants, including staff from