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IFC, EU and Syngenta Foundation to Expand Weather Insurance to One Million East African Farmers

IFC, EU and Syngenta Foundation to Expand Weather Insurance to One Million East African Farmers

Published on:
Topics:
General
Data
Satellite data
Product design
Weather index
Area yield
Hybrid
Catastrophe weather derivative
Product distribution
Micro-level
Meso-level
Country:
Kenya
Rwanda
Tanzania
GIIF, a member of the World Bank Group, signed two grant agreements, with a combined value of $3.9 million, with the Syngenta Foundation for Sustainable Agriculture to expand index-based insurance to small-scale farmers in Kenya, Rwanda and Tanzania. Index-based weather insurance can protect against the adverse effects of climate change and help to strengthen food security in rural communities.
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World Bank Group Global Index Insurance Facility Receives $25 Million from the Dutch Ministry of Foreign Affairs

World Bank Group Global Index Insurance Facility Receives $25 Million from the Dutch Ministry of Foreign Affairs

Published on:
Topics:
General
Data
Satellite data
Legal/Regulatory frameworks
Product design
Weather index
Area yield
Hybrid
Product distribution
Micro-level
Meso-level
The World Bank Group signed an agreement marking the $25 million contribution by the Dutch Ministry of Foreign Affairs in support of scaling up insurance markets in developing countries over the next five years, thus helping to ensure that agricultural insurance becomes a sustainable business model for smallholder farmers.
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UN World Food Programme's Richard Choularton at Climate Risk Forum 2014

Topics:
General
Legal/Regulatory frameworks
Premium subsidies
Product design
Weather index
Area yield
Hybrid
Product distribution
Richard Choularton, Chief - Climate Resiliance for Food Security at UN WFP, talks about using index insurance solutions to manage climate risk issues
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Swiss Re's Paula Pagniez at Climate Risk Forum 2014

Topics:
Product design
Weather index
Area yield
Product distribution
Paula Pagniez, Senior Microinsurance Specialist at Swiss Re, talks about growing private sector participation in index insurance
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CIMMYT's Jon Hellin at Climate Risk Forum 2014

Topics:
Legal/Regulatory frameworks
Premium subsidies
Product design
Product distribution
Jon Hellin, Value Chain and Poverty Specialist for CIMMYT, talks about climate risk management in agriculture
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IRI's Dan Osgood at Climate Risk Forum 2014

Topics:
Product design
Weather index
Area yield
Hybrid
Product distribution
Micro-level
Meso-level
Dan Osgood, Lead Scientist – IRI, talks about using index insurance solutions to manage climate risk issues
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AXA Corporate Solutions' Alex Scherer at Climate Risk Forum 2014

Topics:
Product design
Weather index
Area yield
Hybrid
Product distribution
Micro-level
Meso-level
Alex Scherer, CEO of AXA Corporate Solutions – Americas, talks about the growing role of Index Insurance in managing climate risks
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Index Insurance Creates Steady Income for Kenyan Farmers

Index Insurance Creates Steady Income for Kenyan Farmers

Content owner:
GIIF - World Bank Group
Topics:
Legal/Regulatory frameworks
Weather index
Area yield
Product distribution
Meso-level
For Jeremiah Kithaka, farming maize on his three acre farmland is the primary source of livelihood enabling him to provide for his family of four. However, with changing rainfall patterns, delayed starts to the rainy seasons and longer and more frequent dry periods, Jeremiah has seen vast volatility in his income levels over the past few years.
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Agri-Finance Takes Major Leaps In Burkina Faso

Agri-Finance Takes Major Leaps In Burkina Faso

Content owner:
GIIF - World Bank Group
Topics:
Product design
Weather index
Hybrid
Product distribution
"Farming in Burkina can be very challenging. Uncertain weather conditions can have severely damaging impact on harvests and the ability of smallholder farmers to continue farming," says Sou Campaore, a 42-year old cotton farmer from Houndé, a farming village just outside Dedougou, a city in the western corridor of Burkina Faso. "Since the income from such an unpredictable harvest is not steady, we don’t get access to capital in order to implement more efficient farming practices and purchase better inputs. A bad season can also have a telling effect on the health and social position of
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Launch of Online Knowledge Platform focused on Index-Insurance

Launch of Online Knowledge Platform focused on Index-Insurance

20
Jan
Topics:
General
Data
Product design
Weather index
Product distribution
The Global Index Insurance Facility (GIIF), part of the World Bank Group’s Finance and Markets Global Practice, will launch indexinsuranceforum.org, an online knowledge platform for index-insurance practitioners globally on January 20, 2015. The official launch event will be held in the ACP Secretariat in Brussels, Belgium and will see GIIF’s key donors, including the European Union and The African, Caribbean and Pacific States (ACP) Group, in attendance. The platform features knowledge products, research and discussions on key issues related to the development of innovative index-insurance
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