GIIF Specialist Vijayasekar Kalavakonda explains commons challenges faced in the agriculture insurance value chain and how technology can tackle those problems.
In an RTI1 (Radiodiffusion-Télévision Ivoirienne)'s featurette, AXA Côte d’Ivoire, a GIIF partner, presents its index insurance project and how index insurance can make a difference for smallholder farmers. Watch Now (starting at the 12:32)
Green Delta Insurance Company, in cooperation with GIIF and IFC, pioneered weather index insurance in Bangladesh with an aim to mitigate farmers’ risks and losses associated with uncertain weather changes. This video summarizes key elements of the index product and its benefits to farmers combat climate risks.
Green Delta Insurance Company, in cooperation with GIIF and IFC, pioneered agriculture insurance in Bangladesh with an aim to mitigate farmers’ risks and losses associated with uncertain weather changes. Before the launch of the agri-insurance on 8th December 2018, pilot projects in 8 districts were run across Bangladesh for last 3 years, with the support of Business Finance for Poor-Bangladesh (BFP-B) Challenge Fund & Agriculture Value Chain Project of USAID. The video features a short documentary of one such pilot project conducted at Chitolmari village of Bagerhat District.
Last year, GIIF Program Manager Fatou Assah attended the Syngenta Foundation for Sustainable Agriculture's International Conference 2018 in Basel. In this interview, she talks about the roles of the public and private sector that need to move in sync to deliver integrated solutions to protect smallholder farmers from disaster risks. To view more videos from this series please click here .
The video discusses the development of weather index insurance in Senegal, including GIIF's and stakeholders' actions and involvement with index insurance in the country since its onset in 2009. The video is in French.
Index insurance is an innovative approach to insurance provision that pays out benefits based on a pre-determined index or loss of assets and investments resulting from weather and catastrophic events, without requiring the traditional services of insurance claims assessors. It also allows for the claims settlement process to be quicker and more objective.
The Global Index Insurance Facility conducted video interviews with donors, guest speakers, and participants at the Global Index Insurance Conference 2017 in Dakar. All 23 videos are listed here .
In December 2017, 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. GIIF staff and participants discuss the importance of capacity training on index insurance in this video.