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

Index insurance is a type of agricultural insurance that can serve smallholder agricultural development and risk management by protecting assets and encouraging productive investments. Limited availability, accessibility, quantity and poor quality of data on the ground are some of the primary technical constraints preventing scale-up and sustainability of index insurance. Data were the focus of the project “Improving Agricultural Risk Management in Sub-Saharan Africa: Remote Sensing for Index Insurance”. This publication outlines the project, which investigated overcoming issues with ground

Limited availability, accessibility, quantity and poor quality of data on the ground are some of the primary technical constraints preventing scale-up and sustainability of index insurance. Data were the focus of the project “Improving Agricultural Risk Management in Sub-Saharan Africa: Remote Sensing for Index Insurance”. This publication details the project, which investigated overcoming issues with ground data by testing innovative remote sensing methodologies. It describes the different remote sensing options and opportunities available for index insurance, but it also recommends further

In December 2017, 27 participants from various African Francophone nations attended a regional workshop held in Saly, Senegal, to learn about index insurance fundamentals and risk transfer process as well as to discuss and apply the use of agro-climactic data to the design of index insurance products. The five-day workshop entitled, “Fundamentals of Named Peril Index Insurance Risk Transfer Process,” was sponsored by the Global Index Insurance Facility (GIIF), as part of its capacity-building activities intended to stimulate the development and enhancement of index insurance products in

A new brochure detailing GIIF's involvement with the development of weather index insurance in Senegal is now available for digital viewing. The document contains an overview of GIIF's and stakeholders' actions and tracks the progress of index insurance in the country since its onset in 2009.

Mr. Ndianko Sakho, a Senegalese millet producer, speaks about his experience with agricultural index-based insurance in a new GIIF Result Stories. "In the past, farmers had no climate risk management tool. Today with the introduction of agricultural insurance, I can say that some of our concerns are taken into account. The real challenge right now is to set up a national network of coverage in order to allow all Senegalese farmers to have access to agricultural index micro insurance," says Mr. Sakho. The Result Stories is part of a new bilingual series produced in 2017 to capture farmers'

A newly designed Global Index Insurance Facility's Country Profile for Senegal is available for digital viewing . The document contains an overview of GIIF's project in Senegal and partner, PlaNet Guarantee. Also available in French. Read more about this program.

In Proparco's Private Sector & Development magazine, Chloe Dugger, Operations Officer in WBG's Finance and Markets Global Practice, and Rachel Sberro, Research Analyst on agriculture finance, write about WBG's Global Index Insurance Facility's experiences with index-based insurance in Senegal and Bangladesh. Their article focuses on micro- and meso-level approaches to distributing agricultural index insurance, which speeds up claims settlement by dispensing with loss assessments and payouts are determined on an objective basis, eliminating the risk of fraud. Please visit Proparco's Private

This report explores evidence and insights from five case studies that have made significant recentprogress in addressing the challenge of insuring poor smallholder farmers and pastoralists in thedeveloping world. In India, national index insurance programmes have reached over 30 million farmersthrough a mandatory link with agricultural credit and strong government support. In East Africa (Kenya,Rwanda and Tanzania), the Agriculture and Climate Risk Enterprise (ACRE) has recently scaled to reachnearly 200,000 farmers, bundling index insurance with agricultural credit and farm inputs. ACRE

The soil that Abdoulaye Ndiaye holds in his hand is dry and dusty. A little further away in the Kaolack region the groundnut plants are already beginning to spring up in the fields, but in Paskoto village Abdoulaye and his fellow farmers have not seen a drop so far this season. "The most important challenge for us is the weather. It is God who decides. We have no choice, but are just left looking for ways to handle the situation," Abdoulaye says, now using his hand to shield his eyes against the stark sunlight.