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GIIF in Mozambique: Advancing Agriculture Insurance with Hollard Mozambique

GIIF in Mozambique: Advancing Agriculture Insurance with Hollard Mozambique

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Mozambique is primarily an agricultural economy with more than 75% of the population engaged in rainfall-dependent farming, the majority of whom are smallholder farmers ( USAID, 2018). While agriculture contributes to 25% of the country’s GDP, due to Mozambique’s unique location and geography, it is subject to various climate risks such as drought in the southern part of the country, cyclones in the coastal areas and flooding during the rainy reason ( IGC, 2019). Most of the smallholder producers have been perilously unprotected against climate change-induced crop failures. GIIF’s engagement
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Improving the Agriculture Sector in DRC
26
Oct

Improving the Agriculture Sector in DRC

While re-emerging from years of conflict and instability, Democratic Republic of the Congo (DRC) is still a fragile economy. Despite DRC’s abundant natural resources and a recent growth rate of 5.8 percent in 2018 (after a fifteen-year low at 2.4 percent in 2016) [1], economic and social development remain limited, with widespread poverty. Regarding the insurance industry, the sector has very low penetration compared to regional levels. In addition, certain categories of insurance products, such as agriculture insurance, are not yet available in the country. Although agriculture contributes 20
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Improving the Agriculture Sector and Protecting Farmers in Senegal
10
Jul

Improving the Agriculture Sector and Protecting Farmers in Senegal

In May 2020, the World Bank Grroup (WBG) approved a $150 million IDA credit to support Senegal in boosting agricultural productivity and helping build resilient, climate-smart, and competitive food systems while improving the livelihoods of farmers and herders in the extended groundnut basin and agro-pastoral areas. In the country, the WBG’s Agriculture and Livestock Competitiveness Program for Results aims to increase exports of high-value crops such as shelled groundnuts and horticultural products as well as dairy farming productivity and reduce the mortality rate of small ruminants. The
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The 44th Annual General Assembly of the African Federation of Insurance Companies (FANAF)

The 44th Annual General Assembly of the African Federation of Insurance Companies (FANAF)

17
Feb
Author:
Peijing Li
The African Federation of Insurance Companies (La Fédération des Sociétés d'Assurances de Droit National Africaines - FANAF) held its 44th Annual General Assembly in Libreville, Gabon, between February 17-20, 2020. This year’s high-level event provided a platform to approx. 1100 participants from (re) insurance companies, regulators, brokers, financial institutions to discuss the development of the sector in the continent in general, and their main challenges in operations, in particular. The event is also recognized internationally and praised for its technical panels on innovation
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GIIF in the 44th Annual General Assembly of the African Federation of Insurance Companies (FANAF)

GIIF in the 44th Annual General Assembly of the African Federation of Insurance Companies (FANAF)

Content owner:
GIIF
The African Federation of Insurance Companies (La Fédération des Sociétés d'Assurances de Droit National Africaines - FANAF) held its 44th Annual General Assembly in Libreville, Gabon, between February 17-20, 2020. This year’s high-level event provided a platform to approx. 1100 participants from (re) insurance companies, regulators, brokers, financial institutions to discuss the development of the sector in the continent in general, and their main challenges in operations, in particular. The event is also recognized internationally and praised for its technical panels on innovation
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Compensation Ceremony for Cotton Farmers under GIIF Agriculture Insurance Project

Compensation Ceremony for Cotton Farmers under GIIF Agriculture Insurance Project

Content owner:
Global Index Insurance Facility (GIIF)
Author:
Racine Ly, Peijing Li
Topics:
General
On February 4, 2020, GIIF clients AXA Cameroun and ACTIVA Assurances held the first compensation ceremony for insured cotton farmers who experienced production losses during the 2019 cropping season. The event was organized together with the umbrella association of Cameroonian cotton farmers (CNPCC) and SODECOTON, the main cotton company of Cameroon. The event was sponsored by IFC, through the Global Index Insurance Facility (GIIF). The ceremony was chaired by the Governor of the Northern Region and was marked by an impressive turnout of close to a hundred participants, including staff from
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GIIF Program One-pager 2019: Providing Access to Finance to Help Smallholder Farmers, Micro-entrepreneurs and Micro-finance Institutions

GIIF Program One-pager 2019: Providing Access to Finance to Help Smallholder Farmers, Micro-entrepreneurs and Micro-finance Institutions

Author:
GIIF

The linkage between agriculture and climate change is undeniable. Any change in the climate has significant effects on crop yields and livestock, which intensifies the agriculture sector’s vulnerability to weather and disaster risks. More frequent extreme weather events and natural disasters distress the poor and the vulnerable most heavily and, as a result, agricultural and index-based insurance products have increasingly been regarded as significant tools for smallholder farmers to protect themselves from financial losses. As we know, insurance normally provides valuable access to credit and

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GIIF Program Booklet 2019: Providing Access to Finance to Help Smallholder Farmers, Micro-entrepreneurs and Micro-finance Institutions

GIIF Program Booklet 2019: Providing Access to Finance to Help Smallholder Farmers, Micro-entrepreneurs and Micro-finance Institutions

Content owner:
GIIF 2019 Booklet
Author:
GIIF
The linkage between agriculture and climate change is undeniable. Any change in the climate has significant effects on crop yields and livestock, which intensifies the agriculture sector’s vulnerability to weather and disaster risks. More frequent extreme weather events and natural disasters distress the poor and the vulnerable most heavily and, as a result, agricultural and index-based insurance products have increasingly been regarded as significant tools for smallholder farmers to protect themselves from financial losses. As we know, insurance normally provides valuable access to credit and
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Senegal: Innovation and Technology

Senegal: Innovation and Technology

Date:
Author:
GIZ, MCII
Topics:
Innovation & Technology

The high transaction costs of serving low-income clients in developing and emerging market economies demand innovative and technological advancements. Challenges that inflate operational costs include data collection, processing and management, premium payment mechanisms as well as claims verification and settlement. Index insurance products, mobile payment devices or more accurate weather and agricultural-yield information based on satellite data are examples of innovative approaches that can help to overcome these challenges.

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Roadmap for Integrated Climate Risk Management: Drought Risk in Ghana’s Agricultural Sector

Roadmap for Integrated Climate Risk Management: Drought Risk in Ghana’s Agricultural Sector

Content owner:
ACRI+
Date:
This roadmap is developed from work undertaken on ICRM through the “Promoting Integrated Mechanisms for Climate Risk Management and Transfer” project (“ICRM project”) implemented by the Deutsche Gesellschaft für International Zusammenarbeit (GIZ) GmbH and the Munich Climate Insurance Initiative (MCII). In Ghana, the ICRM project is working across three Workstreams within the agriculture sector: (1) sovereign drought risk insurance, (2) building capacities for risk prevention and risk reduction and (3) the development of insurance products for commercial agricultural actors.
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