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Green Delta Insurance, a GIIF's partner, recently settled a claim of 1,000 farmers in Chitalmari, Begarhaat, Bangladesh. The 1,000 tomato farmers were insured by Green Delta's Weather Index-based Agri Insurance, the first of its kinds in the country. Bangladesh's State Minister for Finance, Chairman of Insurance Development and Regulatory Authority Bangladesh, and CEO of Green Delta Insurance Company, Farzana Chowdhury, attended the event.
On the sidelines of the U.N. climate talks in Bonn this week, officials experimented with a game aimed at giving them a real-life flavor of the pressures to find the right response to worsening climate-related disasters, Thomson Reuters Foundation News reports . The game was invented by Pablo Suarez, a World Bank consultant in the Disaster Risk Financing & Insurance Program. Global Index Insurance Facility's Manager Fatou Assah was at the event. " The game 'gives you a sense of what’s at stake'," Ms. Assah said. “You can lose it all. If you’re the minister of finance you realize the money...
Geneva/Bonn, 13 October 2017: On the International Day for Disaster Risk Reduction , the first-ever online database on climate risk insurance is being launched by the Global Index Insurance Facility (GIIF), the Munich Climate Insurance Initiative (MCII), and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, commissioned by the German Government. The Climate Insurance database shares the experiences of numerous international organizations in the field of risk transfer and insurance solutions in the context of climate risk management and disseminates information on good...