Global

GIIF Program Highlights 2021
Despite the effects of COVID-19, the Program successfully delivered significant results and it continues building a robust pipeline to strengthen this business line to further develop the markets. Since the launch of GIIF, more than 10.5 million agriculture insurance policies have been issued, with an estimated outreach of 53 million beneficiaries globally. We recognize and appreciate all the hard work that our clients do, and we are grateful for the continuous support of our Donors. Please see below summary highlights under each category. Program launch: The establishment of a new Program
GIIF Newsletter - October 2021
GIIF October Newsletter in 2021 features team news, events, blogs, highlights, and interviews.
'A Review Of Aquaculture  Insurance' Summary
With over 580 farmed species (FAO, 2016), a large variety of different production systems exists both onshore and offshore varying largely between industrialized operators and smallholder producers. The production value of aquatic stock depends on the species and production system in terms of areal and volumetric density of stock, water loading (closed systems), exchange rate of water, hydraulic detention time and cumulative oxygen consumption (Colt, 1991). Therefore, the same aquatic species can generate different yields in function of the production environment. Farming aquatic species is
Dawn of women in agriculture
As part of the Food Systems Summit Dialogue, the Future Food Institute and Mooofarm organized a virtual event on July 2nd about the role of women in farming and agriculture around the globe. GIIF attended to this event as Mooofarm is one of the winners of the July 2019 GIIF agriculture insuretech challenge, organized in India. Main speakers include participants from Future Food Institute, UN Scaling-Up Nutrition Movement, Devices Reliance Jio Infocomm, UNIDO ITPO Italy, Food Tank, and representation of the Government of Maharashtra. In this blog, you will read a summary of main points
28
Apr
This 2-part article focuses on rural women’s needs to access to insurance, and related research to better understand the importance of gender-responsive insurance products to mitigate women’s financial and health risks. In this Part, you will read about the current context with references to research and emerging trends. Part II will provide a deeper view of these trends in the agricultural insurance sector, with examples from the field. Worldwide, women represent an emerging customer segment for insurance with high growth potential, and there is an increasing interest among insurers and
27
Jan
The Partnership Forum is the annual meeting of the InsuResilience Global Partnership, bringing together all members and partners, from governments to representatives of international organizations, civil society, the private sector and academia. The Partnership Forum serves as platform to exchange experience and knowledge and to raise awareness about climate risk finance and insurance. As an active member in this Global Partnership, GIIF participated in this year’s forum together with its long-term implementation partner ACRE Africa. The event was held as a 4-day virtual event from 7-10
From Innovation to Learning: Creating Climate and Disaster Risk Finance and Insurance (CDRFI) Evidence Roadmap
There is growing awareness of the need for rigorous climate and disaster risk finance and insurance (CDRFI) evidence. MCII is shepherding a process to development an evidence roadmap to generate strategic analytics, promote evidence-based action, and develop (and share) best practice. This process kicked off at a virtual workshop, hosted by the Munich Climate Insurance Initiative (MCII) in partnership with the InsuResilience Global Partnership, from 8-11 September, 2020. The workshop was based on a series of evidence briefs, drafted by experts and capturing the state of knowledge in a variety
Gender Agenda: Our collaboration with Regions and the IFC Women’s Insurance Program
Women in developing countries are particularly vulnerable to climate, financial and health risks due to environmental, political and social factors. As a result, the insurance industry has long seen women as a high-risk consumer segment and overlooked this market that has a significant potential for economic and social development. Based on lessons learned and progress achieved with implementation partners over the past 10 years, the GIIF program acknowledges that by empowering women with insurance protection, both economic growth and long-term shared prosperity are attainable and sustainable
14
Oct
Women in developing countries are particularly vulnerable to climate, financial and health risks due to environmental, political and social factors. As a result, the insurance industry has long seen women as a high-risk consumer segment and overlooked this market that has a significant potential for economic and social development. Based on lessons learned and progress achieved with implementation partners over the past 10 years, the GIIF program acknowledges that by empowering women with insurance protection, both economic growth and long-term shared prosperity are attainable and sustainable
10
Jul
To understand the impact of COVID-19 on agriculture insurance operations, GIIF conducted a survey with 11 of its implementing partners in Sub-Saharan Africa and Asia. Due to the pandemic, the general feedback on policy renewal and new business generation for the agriculture business line offers a concerning outlook. Many expect a decrease in farmer enrollment due to diminishing disposable income and travel restrictions affecting field visits and in-person product awareness workshops. Likewise, limited mobility for project monitoring teams, crop cut specialists and aggregators as well as delays