Video interviews recorded during the conference organized by the World Bank Group‘s Global Index Insurance Facility (GIIF), in collaboration with AXA Corporate Solutions, Swiss Re Corporate Solutions and Pacifica. Knowledge partners for this event include Geneva Association, Grameen Credit Agricole Microfinance Foundation, and the Impact Insurance Facility of the International Labor Organization are available on the GIIF YouTube channel.
Can Index Insurance Protect Poor Farmers Against Climate Change Risks? - Gloria M. Grandolini (WBG)
Weather-related losses and damage have risen from an annual average of about $50 billion in the 1980s to close to $200 billion over the last decade. While index insurance can’t shield agriculture from climate change, it can help mitigate its effects... Read more
Should governments support the development of agricultural insurance markets? - Daniel Clarke ()WBG & Felix Lung (WBG)
Financial protection for farmers, and particularly agricultural insurance, is a vital topic among rural development practitioners. While agricultural insurance can serve as a shield for poor farmers against drought, excessive rainfall or other production threats, it can also... Read more
Index insurance: What you need to know - Bill Hinchberger (DEVEX)
Governments and some funders customarily set aside parts of their budgets as contingencies for disaster relief. At the same time, victims often wait too long for what may turn out to be inadequate assistance when that cash is deployed. Small farmers usually rank high among those most severely hit by natural catastrophes. And there are some 2.5 billion of them scattered across the globe... Read more
Bundling Index Insurance with other Financial and Non-financial Services - Webinar now available
The Global Index Insurance Facility together with the ILO's Impact Insurance Facility, USAID and BASIS/I4-sponsored Global Action Network (GAN), organised a webinar to look into the question "How can index insurance be bundled with other financial and non financial services". This webinar featured speakers from global organizations who shared experiences and discussed which services and activities in the agriculture value chain are most aligned for bundling. It explored mechanisms and issues in bundling, and also looked into the possible impact of bundling on pricing & off-take of index insurance and measures of tracking it. ... Read more
New Trends in Agricultural Finance - Joint Publication
Agricultural finance is crucial to support the growth of the agricultural sector. Indeed, it is essential for food security, job creation, and overall economic growth. This synthesis report presents a summary of research studies on five key areas of agricultural finance innovation prepared under the G20 Global Partnership for Financial Inclusion (GPFI), as well as the presentations and discussions of these study findings during the “G20 Roundtable on Innovations in Agricultural Finance” convened on September 9, 2015 in Antalya, Turkey by the Small and Medium Enterprise (SME) Finance Sub-Group... Read more
Favorable conditions for achieving scale, building markets and institutionalize index insurance - Rachel Sberro-Kessler (IFC, World Bank Group)
During the GIIF index insurance conference in Paris, a panel of experts moderated by Panos Varangis, Global Lead for Agriculture Finance at the World Bank Group, and consisting of Pape Ndiaye (CEO, CNAAS Senegal), Bhargav Dasgupta (MD & CEO, ICICI Lombard General Insurance), Christina Ulardic (Head of the Market Development Africa, Swiss Re Corporate Solutions),Rose Goslinga (Insurance Sales, PULA), and Lourdes del Carpio (General Manager of agricultural insurance, La Positiva insurance company) spoke on the factors that enable scaling up insurance and building a market... Read more
Innovative microinsurance protects poor farmers against climate change - Gilles Galludec, GIIF Program Manager (Interviewed by Cécile Barbière, EurActiv.com)
Farmers in the Global South can protect their business by insuring their crops against climate hazards. But this system is held back by a lack of reliable climate data. For several years, insuring harvests against the climate hazards that regularly destroy farmers' crops in developing countries has for several years been a major tool in the fight against poverty, mainly in Africa and Asia, where between 400 and 500 million farmers survive on very low incomes... Read more
GIIF is funded by the European Union, Japan and the Netherlands.
The EU is the primary donor partner to the GIIF Trust Fund with a focus on the African, Caribbean and Pacific Group of States (ACP). The governments of Japan and the Netherlands are providing additional support to different regions/countries where World Bank Group operates.
The Global Index Insurance Facility (GIIF) is a multi-donor trust fund supporting the development and growth of local markets for weather and disaster index-based insurance in developing countries, primarily Sub-Saharan Africa, Latin America and the Caribbean and Asia Pacific.
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