Advanced

Sub-Saharan Africa

Result Stories: Burkina Faso

Result Stories: Burkina Faso

Content owner:
Global Index Insurance Facility
Author:
Pavis Devahasadin and Carole Sagbo
Topics:
Weather index
Karim Traore, President of Burkina Faso's National Union of Cotton Producers, speaks about the cotton farmer's experience with agricultural index-based insurance in a new GIIF Result Stories. “It would be difficult for me to provide exact data, however, I can tell you that index insurance strongly encourages farmers in their work, and we are finding that cotton production has increased in all of the areas where farmers have subscribed to it," says Mr. Traore. The Result Stories is part of a new bilingual series produced in 2017 to capture farmers' experiences with index insurance in Burkina
Read More
Jacinta at her maize farm / Cr: ACRE Africa
08
Mar

“The Insurance Works!” A story told by Jacinta Mutuse

ACRE Africa
General
Weather index
ACRE Africa, a GIIF partner in East Africa, is a microinsurance product designer that helps foster equity, fairness, and innovation in the agricultural sector. As farmers in the region experience changing weather conditions, with delayed rain and more frequent incidents of drought, ACRE Africa engages stakeholders along the agricultural value chain and advises insurers on the development and distribution of low-cost insurance to protect smallholders’ investments. The following story is told by one of the beneficiaries of ACRE Africa. Jacinta Mutuse is a 36-year old farmer and the mother of one
Read More
Climate Insurance: Hot Prospect for Ethiopia

Climate Insurance: Hot Prospect for Ethiopia

Published on:
Topics:
General
Country:
Ethiopia
Tens of thousands of smallholder farmers in Ethiopia have benefited from the country's first weather index insurance payment to cover the loss for the previous year's crop failure due to El Nino, AllAfrica reports. The weather index insurance payouts of 2.6 million birr were part of the pilot insurance initiative supported by UNDP, the Global Environment Facility, the country's Ministry of Environment, Forest and Climate Change.
Read More
UC Davis Launches $1.4m Project to Help Kenya’s Rural Poor

UC Davis Launches $1.4m Project to Help Kenya’s Rural Poor

Published on:
Topics:
Livestock
Macro-level
Country:
Kenya
A $1.4 million grant from USAID is funding a University of California's project that will use a randomized, controlled trial to evaluate the impacts of combining programs that offer training, support, and aid with affordable insurance in Kenya. According to UC Davis , the new project is led by Michael Carter, a professor of agricultural and resource economics and director of the Feed the Future Innovation Lab for Assets and Market Access at UC Davis, and Dr. Andrew Mude from the International Livestock Research Institute (ILRI) in Kenya. Last year, Dr. Mude received the World Food Prize
Read More
Livestock Index Insurance Helps Kenyan Herders

Livestock Index Insurance Helps Kenyan Herders

Published on:
Topics:
Livestock
Country:
Kenya
Thomson Reuters Foundation reports that thousands of pastoralists across six counties in northern and eastern Kenya will get payouts this month under the Kenyan government's subsidized livestock insurance scheme. The disbursement will total nearly 215 million Kenyan shillings ($2.08 million), according to the article. Recently, the Government declared a national disaster after more than 2.7 million people across half of the country have been affected by a severe drought, the worst in six years. The Kenya Livestock Insurance Program (KLIP), launched last year, was developed by Kenya's Ministry
Read More
A New Risk Sharing Facility to Lower Premiums for Africa's Farmers

A New Risk Sharing Facility to Lower Premiums for Africa's Farmers

Published on:
Topics:
Other frameworks
Product design
WASHINGTON, February 14, 2017 - The World Bank Group’s Global Index Insurance Facility (GIIF) and African Reinsurance Corporation (Africa Re) have entered into an agreement to carry out a risk-sharing facility, in form of an experience account, to decrease premium levels for insured farmers and encourage local companies to create affordable insurance products. “Agriculture provides up to 60 percent of all jobs on the continent, but African farmers need greater access to insurance mechanisms to develop resilience to external shocks and protect their livelihoods,” said Makhtar Diop, World Bank
Read More
World Bank Experts Share International Experiences with Index Insurance and Catastrophic Risk Financing at 41th General Assembly of FANAF

World Bank Experts Share International Experiences with Index Insurance and Catastrophic Risk Financing at 41th General Assembly of FANAF

Published on:
Topics:
General
Country:
Morocco
Ms. Fatou Assah (left) , Program Manager of the WBG's Global Index Insurance Facility (GIIF), and Mr. Antoine Bavadi (right) , Financial Sector Specialist from the Disaster Risk Financing and Insurance (DRFI) Program, spoke at the 41st General Assembly of FANAF (African Federation of Insurance Companies for African national law) on February 14. 2017 in Marrakech. The World Bank experts were sharing their international experiences with index insurance and catastrophic risk financing as risk management tools to protect communities from natural disasters and environmental hazards. The panel
Read More
GIIF Country Profile: Mozambique

GIIF Country Profile: Mozambique

Content owner:
Global Index Insurance Facility
Author:
Pavis Devahasadin
A newly designed Global Index Insurance Facility's Country Profile for Mozambique is available for digital viewing. The document contains an overview of GIIF's project in the country with Partner Holllard Mozambique.
Read More
Result Stories: Senegal

Result Stories: Senegal

Content owner:
Global Index Insurance Facility
Author:
Pavis Devahasadin and Carole Sagbo
Topics:
Data
Product design
Mr. Ndianko Sakho, a Senegalese millet producer, speaks about his experience with agricultural index-based insurance in a new GIIF Result Stories. "In the past, farmers had no climate risk management tool. Today with the introduction of agricultural insurance, I can say that some of our concerns are taken into account. The real challenge right now is to set up a national network of coverage in order to allow all Senegalese farmers to have access to agricultural index micro insurance," says Mr. Sakho. The Result Stories is part of a new bilingual series produced in 2017 to capture farmers'
Read More
Panel Presentation: Coverage of Natural Disasters and Environmental risks

Panel Presentation: Coverage of Natural Disasters and Environmental risks

14
Feb
World Bank Group's Global Index Insurance Facility (GIIF) and Disaster Risk Financing and Insurance (DRFI) Program are presenting international experiences with index insurance and catastrophic risk financing at the 41th General Assembly of FANAF ( African Federation of Insurance Companies for African national law). The session will be joined by the Moroccan Federation of Insurance and Reinsurance Companies and the African Risk Capacity. For more information, visit http://www.fanaf2017.com/en/program/
Read More