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Collaboration between the public and private sector players to reach scale in Africa
27
Oct

Collaboration Between the Public and Private Sector Players to Reach Scale in Africa

The GIIF Program hosted a knowledge exchange session at the 2022 International Conference on Inclusive Insurance, held in Jamaica between 24-28 October 2022. The International Conference, hosted by the Munich Re Foundation, the Microinsurance Network and the Insurance Association of Jamaica, was attended by over 400 experts from 50+ countries. The objective was to offer a platform to discuss and identify ways of accelerating growth and economic viability in inclusive insurance for emerging markets. In this conference, the GIIF program hosted a session on agriculture index insurance focusing on
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Advancing Caribbean Climate Adaptation through Natural Solutions

Advancing Caribbean Climate Adaptation through Natural Solutions

Date:
Author:
GIZ

The impacts of climate change are increasingly severe and the need for action is more urgent than ever. Caribbean islands are among the world’s most vulnerable, with storm frequency and intensity, flooding, wind damage and sea level rise all predicted to worsen, increasing threats to hospitals, power plants, freshwater sources, roads, houses and schools. Island communities must work together to prepare for disasters caused by natural phenomenon and minimize the impacts they will endure. Evidence shows that key ecosystems, like coral reefs and mangroves, can help reduce these risks while

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Climate Risk Adaptation and Insurance in the Caribbean (Phase II)

Climate Risk Adaptation and Insurance in the Caribbean (Phase II)

Date:
The overall aim of the project is to upscale, refine and integrate climate risk insurance (CRI) solutions (launched in phase I) within a broader framework of disaster risk reduction (DRR) strategies and facilitate public safety nets and public-private insurance solutions for vulnerable people.
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Improving Access to Insurance for the Low-Income Population in Jamaica

Improving Access to Insurance for the Low-Income Population in Jamaica

Content owner:
a2ii and others
Author:
Donna Swiderek, Andrea Camargo, Sekayi Campbell
Topics:
Public/Legal frameworks
Product design
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
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Feasibility study for macro and meso-level index insurance - Jamaica

Feasibility study for macro and meso-level index insurance - Jamaica

Content owner:
World Bank Group
Topics:
Product design
Weather index
Jamaica faces a variety of natural hazards and, on a combined-hazard basis, is among the most vulnerable countries in the world . It lies in the center of the Atlantic hurricane belt, on a complex area of the northern Caribbean Plate margin, and is subject to tropical rainfall and erosion processes. Agriculture in Jamaica is vulnerable to various risks ranging from extreme winds, extreme rain and droughts . However, a large part of the agricultural sector, including large integrated supply chains as well as small farmers, is absorbing all the climate risks, without any risk out-transfer
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Feasibility Study for Macro and Meso-level Index Insurance - Jamaica

Start date:
Country:
Jamaica
Region:
Latin America & the Caribbean

Jamaica faces a variety of natural hazards and, on a combined-hazard basis, is among the most vulnerable countries in the world. It lies in the center of the Atlantic hurricane belt, on a complex area of the northern Caribbean Plate margin, and is subject to tropical rainfall and resulting erosion. Agriculture in Jamaica is vulnerable to various risks from extreme winds, to extreme rain, to droughts. A large part of the agricultural sector, including integrated supply chains as well as small farmers, is absorbing these climate risks, with neither publicly nor privately risk transfer mechanisms

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