In her recent travels across Latin America, Europe, and Africa, Florence Boupda Ngueda, Global Sector Manager of IFC's Financial Institutions Group, highlighted the growing impact of IFC’s efforts in expanding insurance markets. From São Paulo and Mexico City to Nigeria, Kenya, and Tanzania, IFC's investments are bolstering insurance sectors with a focus on resilience against climate risks. Ngueda underscored the urgency of bridging insurance gaps, noting IFC's milestone of issuing over 14 million policies globally through innovative index insurance programs, with GIIF playing a pivotal role in facilitating these agricultural insurance policies. This initiative reaches nearly 70 million beneficiaries worldwide, with a strong focus on serving subsistence farmers, particularly women, thus promoting gender equality in local markets for climate risk insurance. [Read more]