Advanced

Advanced

Search only in following topics
More search criteria

Sub-Saharan Africa

You are here

Home    /    Sub-Saharan Africa

Scaling up index insurance for smallholder farmers: Recent evidence and insights

Content owner: 
CGIAR Research Program on Climate Change, Agriculture and Food Security
Topics: 
General
Weather index
This report explores evidence and insights from five case studies that have made significant recent progress in addressing the challenge of insuring poor smallholder farmers and pastoralists in the developing world. In India, national index insurance programmes have reached over 30 million farmers through a mandatory link with agricultural credit and strong government support. In East Africa (Kenya, Rwanda and Tanzania), the Agriculture and Climate Risk Enterprise (ACRE) has recently scaled to reach nearly 200,000 farmers, bundling index insurance with agricultural credit and farm inputs...
Read More

Partner Profile - MicroEnsure

Content owner: 
World Bank Group
Topics: 
Weather index
Product distribution
Micro-level
Agriculture in Rwanda accounts for one-third of Rwanda’s GDP; constitutes the main economic activity for rural households (especially women) and remains the main source of income. Today, the agricultural population is estimated to be a little less than 80% of the total population. The sector meets 90% of the national food needs and generates more than 70% of the country’s export revenues. (Source: Rwanda Development Board). Much of the agricultural land is rain-fed, with little or no irrigation available. This is exacerbated by the fact that more than 68% of Rwandan land is on hillsides with...
Read More
24
Sep

Climate Risk Forum 2014

Topics: 
Weather index
Area yield
Livestock
Product distribution
Year: 
2014
Held as part of the New York City Climate Week, Climate Risk Forum 2014 is organized jointly by the World Bank Group's Global Index Insurance Facility and International Research Institute for Climate and Society. The event focuses on: Index insurance as a tool for Climate Risk Management; sc aling up index insurance and boosting private sector participation; and l ocal implementation and impact evaluation. View event highlights here .
Read More

Feasibility study for index-insurance and awareness raising - Nigeria

Content owner: 
World Bank Group
Topics: 
Data
Weather index
Area yield
Catastrophe weather derivative
Agricultural insurance was introduced in Nigeria in 1987 through the creation of the Nigerian Agricultural Insurance Scheme (NAIS). In 1993, the private company in charge of underwriting and implementing the NAIS was dissolved and replaced by a public-sector corporation, the Nigerian Agricultural Insurance Corporation, NAIC. Currently, NAIC oversees a portfolio of crop, forestry, livestock, poultry and aqua-culture insurance and also non-life commercial insurance lines. NAIC has received government support both in the form of the initial capitalization of the company and 50 percent premium...
Read More

Pranav Prashad interview

Pranav Prashad of ILO's Impact Insurance Facility on demand for index insurance.

Topics: 
Weather index
Product distribution
Pranav Prashad, Technical Officer at International Labour Organization's Impact Insurance Facility talks about demand for index insurance. This video was shot at the Agriculture Insurance Conference in Berlin 2014.
Read More

Jean Luc interview

Jean-Luc Perron of Grameen Crédit Agricole at AIC 2014

Topics: 
Weather index
Product distribution
Jean-Luc Perron, Managing Director of Grameen Credit Agricole Microfinance talks about defining and growing the market for index insurance.
Read More

Parametric Insurance: A hopeful vision coming to life

Wed, 01/14/2015
Topics: 
Product design
Weather index
Area yield
Product distribution
Despite representing only a small portion of the total Property & Casualty market, parametric insurance has evolved rapidly in the last decade. This relatively new approach to insurance is index-based. At AXA, we believe that parametric insurance will continue to flourish in the future. Despite representing only a small portion of the total Property & Casualty market, parametric insurance has evolved rapidly in the last decade. This relatively new approach to insurance is index-based. For instance, in some geographies, claims could be paid out based on actual meteorological conditions...
Read More

Can Weather Index Insurance Increase Finance for Smallholder Farmers?

Wed, 01/14/2015
Topics: 
Product design
Weather index
Product distribution
Micro-level
Meso-level
Smallholder farmers need finance. According to a recent report of 1,800 banks conducted by the Initiative for Smallholder Finance – “ Local Bank Financing for Smallholder Farmers: A $9 Billion Drop in the Ocean ” - local banks in developing countries are currently lending approximately $9 billion to smallholder farmers compared to a total estimated demand of $300 billion globally for smallholder finance ($450 billion if China is included) . Although smallholder farmer financing also occurs through MFIs and non- financial intermediaries like supply chain participants, cooperatives and...
Read More

Interview with Benjamin Collier, Research Fellow at the Wharton Risk Management and Decision Processes Center

Wed, 01/14/2015
Topics: 
Data management
Earthquake data
Satellite data
Product design
Product distribution
Collier argues that index insurance is best suited to cover disasters which occur every 20 years or greater because severe risks lower premium costs. Below are excerpts form the interview. Q: You have done substantial research, notably with Jerry Skees on index insurance. Why do you think that index insurance needs to be designed as “disaster insurance” rather than “crop insurance”? A: We need a new frame of reference for household markets. Up to now, the consensus focus has been crop yields. Yet the effects of bad weather on household well-being are often multifaceted and poorly captured by...
Read More

Dutch Donor Support for Agricultural Insurance

Wed, 01/14/2015
Topics: 
Public/Legal frameworks
Legal/Regulatory frameworks
Premium subsidies
Other frameworks
In an interview with the GIIF Team, Aaltje de Roos, Senior Policy Advisor - Department for Sustainable Economic Development at the Ministry of Foreign Affairs of the Netherlands, explains why the Netherlands provides substantial donor support for agri-insurance programs in developing countries, including the World Bank Group's Global Index Insurance Facility. Q: What role would the Netherlands like to see the World Bank Group, and specifically GIIF, play in the agri-insurance field over the next 5-10 years? A: The World Bank Group, and GIIF especially, can boost the private insurance branch...
Read More
25