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DRC: Creating crop insurance market and protecting smallholders’ farmers

Author: 
Tenin Fatimata Dicko, Financial Sector Specialist
Language: 
English
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...
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English

Kenya Agriculture Insurance Training

Author: 
Sharon Adhiambo Onyango, Anne Pauline Wangalachi, Sandra Carrollo
Language: 
English
ASSOCIATION OF KENYA INSURERS AND ASSOCIATION OF KENYA REINSURERS ORGANIZE THE KENYA AGRICULTURE INSURANCE TRAINING SESSIONS From May 10th to July 29th, 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 “...
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Compensation Ceremony for Cotton Farmers under GIIF Agriculture Insurance Project

Content owner: 
Global Index Insurance Facility (GIIF)
Author: 
Racine Ly, Peijing Li
Language: 
English & French
Topics: 
General
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...
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Asia Regional Index Insurance Training in Colombo

Content owner: 
Global Index Insurance Facility
Author: 
Rathnija Arandara, Savani Milupa Jayasooriya, Mohamed Rizwan Rizvi, and Pavis Devahasadin na Ayutaya
Language: 
English
Topics: 
General
With each passing year, the risks of unabated climate change are mounting. Climate change will not only make it more difficult to feed the projected 10 billion people by 2050, but its impact is already being felt in the form of reduced yields and more frequent extreme weather events that affect crops and livestock. Providing risk mitigation solutions such as agriculture insurance for the farming community to be able to face the impacts of natural disasters is, therefore, significant. More than 30 participants from eleven countries from across Africa, Asia and Europe gathered in Colombo, Sri...
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Feasibility Study on Index Insurance in Côte d’Ivoire

Content owner: 
Global Index Insurance Facility
Author: 
Racine Ly, Pavis Devahasadin
Language: 
English, French
Topics: 
General
On January 19, 2018, the International Finance Corporation (IFC) and the World Bank organized a workshop in Abidjan to present the results of a feasibility study on index-based agricultural insurance conducted in Côte d’Ivoire between the months of May and September 2017 by the Global Index Insurance Facility (GIIF). As part of the World Bank Group’s Climate Finance and Risk Management unit, 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...
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French-speaking Workshop on Index Insurance in Senegal

Author: 
Pavis Devahasadin
Language: 
English
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...
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Strategic Decisions Metrics for Agriculture Index Insurance Workshop in Ukraine

Content owner: 
Global Index Insurance Facility
Author: 
Andriy Zaripov and Pavis Devahasadin
Language: 
English
In June 2017, IFC, a member of the World Bank Group, and two biggest insurance associations in Ukraine — League of Insurance Organizations of Ukraine and Ukrainian Federation on Insurance (UFU) — jointly organized an index insurance workshop entitled “Strategic Decisions Metrics for Agriculture Index Insurance” for all interested insurance companies and other market participants. Instructor Shadreck Mapfumo, GIIF Senior Financial Specialist, led the three-day workshop which introduced new approaches to the agri-insurance product development to the local participants. A total of 38...
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"Fundamentals of Named Peril Index Insurance Risk Transfer Process" Workshop in Asia

Content owner: 
Global Index Insurance Facility
Author: 
Pavis Devahasadin
Language: 
English
Topics: 
General
Product design
More than 30 participants across Asia gathered in May 2017 in Jakarta to attend a regional workshop focusing on index insurance fundamentals and to discuss best practices in the development of the innovative financial product. The week-long 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 aimed at the development and enhancement of index insurance products in developing countries. Managed by the World Bank Group’s Finance & Markets Global Practice,...
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“The Risk Modelling and Strategic Decision Making for Index Insurance” Technical Workshop

Content owner: 
Global Index Insurance Facility
Author: 
Pavis Devahasadin and Tenin Fatimata Dicko
Language: 
English
Topics: 
Data
Product design
More than 50 participants from 13 African nations gathered in Accra, Ghana, from May 1-5, 2017 to attend a regional workshop focusing on the fundamentals of risk modeling for index insurance and to discuss a wide array of agricultural insurance topics. “ The Risk Modelling and Strategic Decision Making for Index Insurance” workshop was organized by the Global Index Insurance Facility (GIIF), in collaboration with African Reinsurance Corporation. Managed by the World Bank Group’s Finance & Markets Global Practice, GIIF provides smallholder farmers, pastoralists, microentrepreneurs, and...
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Result Stories: Mali

Content owner: 
Global Index Insurance Facility
Author: 
Pavis Devahasadin and Carole Sagbo
Language: 
English, French
Topics: 
General
Weather index
In a new GIIF Result Stories, Ms. Bintou Diakite, a founding president of ASEDEFE-YDADE (Association pour la Solidarité, l’Entraide, le Développement Economique de la Femme et de l’Enfant), recounts how index insurance has set female farmers free from the consequences of mishaps due to climate disaster. The Result Stories is part of a new bilingual series produced in 2017 to capture farmers' experiences with index insurance in Burkina Faso, Mali, and Senegal.
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