Index Insurance Forum

Sub-Saharan Africa

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A l’initiative du Global Index Insurance Facility (GIIF) du Groupe de la Banque mondiale a eu lieu le vendredi 19 janvier 2018 à Abidjan un Atelier de restitution des résultats de l’étude sur le Développement d’un marché de l’assurance agricole indicielle en Côte d’Ivoire, selon Abidjan.net . L’objectif général assigné à cette étude vise à Promouvoir le développement et la croissance d’un marché local viable et pérenne pour l’assurance agricole indicielle en Côte d’Ivoire, via une assistance technique et un accompagnement financier. «Avant le début de la période d'assurance, un indice...
The Government of Nigeria is working to increase insurance coverage for Nigerian agricultural primary producers from 500,000 to 3.8 million through the recently introduced index-based agricultural insurance, New Stage reports . The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is collaborating with the Royal Exchange Assurance, the Nigerian Meteorological Agency (NIMET), and Cellulant to develop of a technology-driven hybrid index insurance product that will include the area yield index, weather index, and price index insurance.
Johannesburg, South Africa, 18 January 2018 – IFC, a member of the World Bank Group, today announced a grant extension to Mayfair Insurance Company Zambia Limited, to support Mayfair in scaling up its weather-based index insurance product line in Zambia. The additional performance-based grant, awarded through the Global Index Insurance Facility, is expected to help Mayfair reach an additional 300,000 farmers by December 2019. Smallholder farmers in Zambia are vulnerable to weather-related shocks such as drought, flooding, and irregular rainfall. Insurance can be a good risk management tool...
According to a Thomson Reuters Foundation report , The African and Asian Resilience in Disaster Insurance Scheme (ARDIS), led by VisionFund International, the microfinance arm of World Vision, and Global Parametrics, a new venture backed by the British and German governments, is setting up to help up to 4 million poor people in Africa and Asia rebuild their lives after climate disasters. The insurance program will support mostly women farmers and their families, affected by droughts in Kenya, Malawi, Mali, Zambia and Cambodia, and by tropical cyclones in Myanmar.
In December 2017, 27 participants from various African Francophone nations attended a regional workshop held in Saly, Senegal, to learn about index insurance fundamentals and risk transfer process as well as to discuss and apply the use of agro-climactic data to the design of index insurance products. The five-day workshop entitled, “Fundamentals of Named Peril Index Insurance Risk Transfer Process,” was sponsored by the Global Index Insurance Facility (GIIF), as part of its capacity-building activities intended to stimulate the development and enhancement of index insurance products in...
A new brochure detailing GIIF's involvement with the development of weather index insurance in Senegal is now available for digital viewing. The document contains an overview of GIIF's and stakeholders' actions and tracks the progress of index insurance in the country since its onset in 2009.
The core objective of the project was to build the resilience of food-insecure smallholders through an integrated risk management approach which includes weather index insurance, assets creation , credit and savings interventions, and climate services.
The core objective of the project was to understand where the index-based insurance is functioning well and where it must be improved to provide outputs potentially valuable for index insurance mechanisms, applications, and reliable scalability.
The core objective the project was to contribute to enhancing the resilience of those people dwelling in drought-prone areas such as southern parts of Oromia region and Somali region through a series of surveys/studies and implementation of pilot projects.
A newly designed Global Index Insurance Facility's Country Profile for Kenya is available for digital viewing. The document contains an overview of GIIF's project in Kenya with the partner, ACRE Africa.
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