The Global Index Insurance Facility (GIIF) is excited to announce the launch of our latest eLearning modules: Technical Design and Premium Calculations for Crop Climate Insurances, designed to take your understanding of climate insurance to the next level. Building on our foundational Introduction to Index Insurance course, these new modules focus on the intricate details of calculating premiums for climate insurance contracts. Available on the OLC platform in both English and French, this advanced series offers a valuable opportunity for continued learning and skill enhancement.

What’s New in the Advanced Series?

Our new course, How to Calculate Premiums for a Climate Insurance Contract, is structured into four comprehensive modules. It’s tailored for individuals who already have a basic knowledge of Excel and are comfortable with elementary mathematical concepts. While the mathematical requirements don’t exceed high school level, the depth and application of the concepts are aligned with university standards.

This advanced series guides you through the practical aspects of data handling and risk assessment in index insurance. You’ll learn how to use Excel as a mini-database, particularly useful for managing and analyzing rainfall data over several years. The course walks you through creating an Excel sheet to calculate claim payments under a typical climate insurance contract, progressing through various levels of complexity.

Key Learning Outcomes

By engaging with these modules, you’ll gain:

1. A deep understanding of database fundamentals and data processing precautions.
2. Proficiency in using Excel functions to manage and analyze rainfall data.
3. Skills to calculate and analyze claim payments and contract premiums.
4. Insights into basic risk calculation and sensitivity analysis relating to contract parameters.
5. Ability to modify and adapt index-based agricultural insurance contracts.

The course also covers common risk-sharing methods in insurance contracts, such as deductibles, limits, and co-insurance. Each theoretical concept is illustrated with detailed Excel sheets, ensuring you have practical tools to apply your learning.

Why Join This Course?

Whether you are a professional in the insurance or agricultural sectors, a policymaker, or simply someone interested in enhancing your technical skills, these modules are designed for you. They offer self-paced learning, allowing you to progress at your convenience and revisit the material as needed.

GIIF remains committed to making knowledge accessible to everyone. This new series is part of our ongoing efforts to provide valuable educational resources and tools. We invite you to explore these modules and deepen your expertise in index insurance.

Get Started Today!

To enroll, please follow the detailed instructions for externals provided by the OLC team. If you have any questions about the course, Sandra Carrollo is available for support at scarrollo@ifc.org. For technical assistance, please contact olcsupport@worldbank.org, including the course name and a clear description of the issue in your email.

Join us in advancing your knowledge and skills in climate insurance. Start your journey today and take advantage of these expertly crafted resources designed to empower you in this specialized field.