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.
Supported by the Global Index Insurance Facility (GIIF), the International Finance Corporation (IFC) works with Green Delta Insurance to design and retail weather index insurance products that protect smallholder farmers and agribusinesses from climate risks. Access to finance provides a means for the farmers to sustain income and food security.
As part of Devex’s Going for Goals series, GIIF Program Manager Fatou Assah discusses how satellite data help smallholder farmers gain access to insurance. The "Going for Goals" series explores "innovative financing mechanisms, asking how cross-sector collaboration can lead to improved outcomes, and discussing what it takes to build successful partnerships for change." in line with the Sustainable Development Goals. "We use satellite data to forecast if, for example, grass will grow enough for the cattle. And then we can tell herders, 'Do not move to that area because there won't be any feed,'
On June 29, 2017, Finance & Market's Global Index Insurance Facility of the World Bank Group had an official book launch of Risk Modeling for Appraising Named Peril Index Insurance Products. The groundbreaking publication on modeling index insurance products is a practical guide for the insurance practitioners to design and develop better index insurance in order to ultimately provide protection to more low-income customers, including smallholder farmers in developing countries. The session, moderated by Samuel Munzele Maimbo, Practice Manager in WBG's Finance & Markets, had the following
On June 29, 2017, Finance & Market's Global Index Insurance Facility of the World Bank Group had an official book launch of Risk Modeling for Appraising Named Peril Index Insurance Products. The groundbreaking publication on modeling index insurance products is a practical guide for the insurance practitioners to design and develop better index insurance in order to ultimately provide protection to more low-income customers, including smallholder farmers in developing countries. In this video, authors Mr. Shadreck Mapfumo, Senior Financial Specialist in the World Bank Group, and Dr. Huybert