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

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

The article recently published by the Africa Reinsurance Corporation in their latest magazine edition underscores the pivotal role of the public sector in fostering the development and expansion of agricultural insurance, particularly in developing countries. It highlights the challenges faced by the agricultural sector, such as pest infestations, adverse weather conditions, and climate disasters, and how these risks threaten the sustainable development of agriculture. Despite the growth of agricultural insurance, particularly index-based policies, coverage remains limited and heavily skewed

In 2022, despite the ongoing struggles of the COVID-19 pandemic, the GIIF Program successfully delivered significant results and continued building a strong pipeline to strengthen its ties with clients, other WBG projects and the donor community. All activities, projects, events, trainings, studies focus on further developing the markets. Since the launch of GIIF, more than 13 million agriculture insurance policies have been issued cumulatively, with an estimated outreach of 65 million beneficiaries globally. In these difficult conditions, as the GIIF team we would like to emphasize that we