In a Sandee Working Paper, Mamata Swain and Sasmita Patnaik study two major crop insurance schemes operating in Odisha state of India: National Agricultural Insurance Scheme (NAIS) and the pilot Weather Based Crop Insurance Scheme (WBCIS). NAIS provides compensation for yield losses due to natural causes and covers all food crops and commercial crops. WBCIS provides coverage for paddy crop yield losses due to rainfall only. Both schemes are compulsory for loanee farmers and are also available for non-loanee farmers on voluntary basis. In this study, we analyze and compare various indicators

Munich Re has released a study that reports on the latest activities and current state of microinsurance in Africa as part of the Microinsurance Network’s World Map of Microinsurance Programme. Aiming at providing a comprehensive understanding of the environment in which both microinsurance and traditional insurers operate in Africa, the publication contains data collected from over 200 microinsurance providers representing all 36 of 54 African countries where microinsurance is available. "The study aims to provide a comprehensive understanding of the environment in which both microinsurance

With 1.5 billion people worldwide getting access to financial services through a post office, postal networks are powerful tools to advance financial inclusion. Posts have already proved to have comparative advantages in remote areas and with specific vulnerable groups – the poor, the less educated and those in the informal economy – compared with other financial services providers. This study by the Universal Postal Union (UPU) and the International Labour Organization (ILO) delves into the transformative potential of postal networks into well-suited providers of insurance. The report

Agricultural finance is crucial to support the growth of the agricultural sector. Indeed, it is essential for food security, job creation, and overall economic growth. This synthesis report presents a summary of research studies on five key areas of agricultural finance innovation prepared under the G20 Global Partnership for Financial Inclusion (GPFI), as well as the presentations and discussions of these study findings during the “G20 Roundtable on Innovations in Agricultural Finance” convened on September 9, 2015 in Antalya, Turkey by the Small and Medium Enterprise (SME) Finance Sub-Group

Presentation 1 - Setting the agenda –the industry perspective: Building disaster-resilient economies and sustainable markets. A call to the industry to develop innovative insurance solutions ( presentation by Jean -Laurent Granier,Member of the Management Committee, CEO Mediterranean and LAC, Chairman & CEO AXA Global P&C) Presentation 2 - The Drivers and Barriers of Innovation ( presentation by Ulrich Hess, Senior Advisor Sector Project Insurance GIZ ) Presentation 3 – Market Makers for Index Insurance – Role of Governments, Role of Regional Institutions in supporting Government strategies

Download full publication here. The International Association of Insurance Supervisors (IAIS) is a voluntary membership organisation of insurance supervisors and regulators from more than 200 jurisdictions in nearly 140 countries. The mission of the IAIS is to promote effective and globally consistent supervision of the insurance industry in order to develop and maintain fair, safe and stable insurance markets for the benefit and protection of policyholders, and to contribute to global financial stability.

Download full publication Crop insurance in the Sahel enables farmers to take a higherrisk by getting more fertilizers.Crop insurance in the Sahel stimulates the production of insured farmers compared with non-insured farmers. However, despite the apparent differences in fertilizers and production, the two groups get almost the same yield. Non-insured farmers seem to be more specialized in agriculture.

In the last decade, some insurance associations (IAs) have expanded beyond their traditional core functions to develop insurance consumer education (ICE) programmes. Based on a review of the experiences of IAs in five countries, namely Brazil, Colombia, Kenya, Mexico and South Africa, Microinsurance Paper #31 discusses the steps that should be taken during the preparation of an ICE. These include assigning responsibility internally, defining funding mechanisms, setting clear goals, defining the programme target and identifying partnership opportunities. It goes on to summarize key lessons for

Full publication available here Considering that the microinsurance market in Jamaica is a nascent one, in order to promote its development it is essential to: (i) confront the identified supervisory and regulatory obstacles in order to incentivise providers to offer microinsurance products responsibly; (ii) encourage providers to realise the potential of the microinsurance market to innovate and offer products with value; (iii) promote demand, (iv) but at the same time foster trust by protecting microinsurance consumers and making sure that they will be empowered to use the microinsurance

Full Publication here The four stages of agricultural development are: The case studies of Germany, the US, and South Korea reveal four largely linear stages of agricultural finance development within each country. These stages are differentiated by sources of farm debt, government roles, and the nature of farm structure and productivity. This briefing classifies these stages of agricultural finance development as:1. The informally-served stage2. The government-entry stage3. The bank-based stage4. The market-based stage