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South Asia

Global Index Insurance Facility Asia training event

25
Sep
Participants from the public and private sectors in Sri Lanka and other Asian nations will spend a week in Colombo to learn about the topic of agriculture and index insurance. This workshop is enhanced by the participation of critical players in the local market together with GIIF/IFC partners from Asia and Africa, who bring diverse experience to the discussion. For more information, please contact: sgunasekera@ifc.org
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Case Study: Weather Index Insurance Pilot in Chitalmari in the Bogra District, Bangladesh

Case Study: Weather Index Insurance Pilot in Chitalmari in the Bogra District, Bangladesh

Content owner:
Global Index Insurance Facility
Author:
Prerna Saxena and Premasis Mukherjee
Topics:
Weather index
In 2015, IFC, supported by GIIF, launched the Weather Index Insurance project with Green Delta Insurance Company (GDIC), to develop insurance products to address perils such as drought, excess rain, heat waves, and cold spells in Chitalmari in the Bogra District, Bangladesh. A case study was developed to capture the activity.
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Case Study: Weather Index Insurance in Bangladesh

Case Study: Weather Index Insurance in Bangladesh

Content owner:
Global Index Insurance Facility
Author:
Prerna Saxena and Premasis Mukherjee
Topics:
Weather index
In 2015, IFC, supported by GIIF, launched the Weather Index Insurance project with Green Delta Insurance Company (GDIC), to develop insurance products to address perils such as drought, excess rain, heat waves, and cold spells in Bangladesh. In October 2015, during the initial days of the project, GDIC and IFC approached Supreme Seed Company for index insurance partnership for their contract farming farmers. A case study was developed to capture the activity.
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Risk Diversification and Up-Scaling Potential - Sri Lanka

Risk Diversification and Up-Scaling Potential - Sri Lanka

Date:
Topics:
Risk Diversification and Up-Scaling Potential
The development of sustainable insurance solutions requires a thorough risk assessment, modeling and layering. Agricultural and climate risks are mainly of a systemic nature, i.e. they affect a large geographic area or large parts of the population simultaneously. If the insured risk is not adequately spread, one catastrophic event can threaten the viability of the whole scheme. To lower covariate risks, the portfolio thus needs to be diversified in terms of crops, type of risks, and different geographical regions.
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PepsiCo Contract Farming

PepsiCo Contract Farming

Date:
The core objective of the project is to provide farmers with a variant of seeds for contract farming that helps farmers have access to market but also in the technological application, farm credit and insurance for their crops.
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Index-based Crop Insurance Project

Index-based Crop Insurance Project

Date:
The core objective of the project is to minimize Sri Lankan farmers’ risk of an income loss due to unfavorable weather conditions.
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Evolving Climatic Adaptation Through Crop Insurance

Evolving Climatic Adaptation Through Crop Insurance

Date:
The core objective of the project is to develop various mutual crop insurance products small-scale farmers who do not have access to insurance mechanisms for adapting to climate change-related issues.
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Green Delta Settles Claims of 1,000 Farmers in Bangladesh

Green Delta Settles Claims of 1,000 Farmers in Bangladesh

Published on:
Country:
Bangladesh
Green Delta Insurance, a GIIF's partner, recently settled a claim of 1,000 farmers in Chitalmari, Begarhaat, Bangladesh. The 1,000 tomato farmers were insured by Green Delta's Weather Index-based Agri Insurance, the first of its kinds in the country. Bangladesh's State Minister for Finance, Chairman of Insurance Development and Regulatory Authority Bangladesh, and CEO of Green Delta Insurance Company, Farzana Chowdhury, attended the event.
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Index Insurance Helps Farmers in Bangladesh Build Resilience Against Climate Risks

Content owner:
Global Index Insurance Facility
Topics:
Weather index
Supported by the Global Index Insurance Facility (GIIF), the International Finance Corporation (IFC) works with Green Delta Insurance to design and retail weather index insurance products that protect smallholder farmers and agribusinesses from climate risks. Access to finance provides a means for the farmers to sustain income and food security.
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Index-Based Climate Insurance Seen Feasible for Sri Lankan Farmers

Index-Based Climate Insurance Seen Feasible for Sri Lankan Farmers

Published on:
Topics:
Weather index
Country:
Sri Lanka
In a study, a research economist at the Institute of Policy Studies finds that index insurance could be a feasible option for Sri Lankan farmers if they had greater education and awareness that overcomes existing lack of trust, EconomyNext reports . It is not uncommon that fa rmers have become skeptical about insurance after they heard about other bad experiences other farmers had with indemnity insurance. The lack of trust, as the farmers are unsure whether they will get benefits when disaster strikes, hinders the development and wider implementation of index insurance.
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