Index Insurance Forum

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

    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. Click here to read more.

  • Natural Catastrophe and Environmental Risks Coverage

    Ms. Fatou Assah, Program Manager of the WBG's Global Index Insurance Facility (GIIF), and Mr. Antoine Bavadi, Financial Sector Specialist from the Disaster Risk Financing and Insurance (DRFI) Program, share their international experiences with index insurance and catastrophic risk financing as risk management tools to protect communities from natural disasters and environmental hazards at the 41st General Assembly of FANAF. Read more and watch the video.

  • Africa Re Supports Agricultural Insurance Project in Senegal

    Compagnie Nationale d’Assurance Agricole du Sénégal (CNAAS) has selected Africa Re to lead the reinsurance program of 40,000 cotton and maize farmers in Senegal, jointly with AXA CS and CICA Re, according to a press release issued by Africa Re. Read more

  • Webinar: The Role of Governments in Scaling up Agriculture Insurance - Implementation lessons

    ILO's Impact Insurance Facility, in partnership with WBG's Global Index Insurance Facility, USAID, and Basis/I4-supported Global Action Network, hosted a webinar on the variety of interventions around index insurance. Click here for more

  • Index Insurance Feasibility Study Workshop in Cameroon

    The World Bank and the IFC have conducted a feasibility study that seeks to improve the knowledge and understanding of the market opportunity for index insurance. The findings were unveiled in Douala on December 15, 2016, at a workshop jointly organized by the World Bank Group and the Association of Insurance Companies of Cameroon (ASAC). Click here to learn more.

  • Promoting Innovation in Agricultural Insurance in South Asia

    In November 2016, the World Bank Group’s Global Index Insurance Facility (GIIF), in collaboration with the International Labor Organization and Munich Re Foundation, organized a conference workshop entitled “Building Sustainable Agriculture Programs” in Colombo, Sri Lanka. Delivered as part of the 12th Annual Micro Insurance Conference, the daylong technical workshop brought together more than 50 participants from the public and private sector, donors, and development partners. Click here to learn more.

  • Helping farmers understand index insurance: Guidelines for consumer education interventions,

    In its new publication "Helping farmers understand index insurance: Guidelines for consumer education interventions", International Labour Organisation’s Impact Insurance Facility gathered lessons and insights from index insurance and financial education projects. Click here for the Paper

Upcoming events

About Us

Created in 2009, the Global Index Insurance Facility (GIIF) works to support the development and growth of local markets for indexed/catastrophic insurance in developing countries, primarily in sub-Saharan Africa, Latin America and the Caribbean, and Asia Pacific. GIIF’s objectives are to provide acceess to finance to smallholder farmers and to expand the use of index insurance as a risk management tool in agriculture production, food security, and disaster risk reduction, because it helps farmers and households reduce their risks and protect their assets and livelihoods.

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Grants Committed: $35 million (2009-15)

Countries with GIIF projects including policy/regulatory work: 31 in total (Sub Saharan Africa, Latin America and the Caribbean, and Asia Pacific)

Clients: 1.3 million farmers, pastoralists and microentrepreneurs (cumulative)

Total Insurance Portfolio$148 million (cumulative)

 
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For archived copies of the Global Index Insurance quarterly newsletter, please click here.

Global Team
  • Fatou Assah | GIIF Program Manager | fassah@worldbank.org
  • Selin Konrat | Operations Officer | skonrat@ifc.org 
 
Regional Specialists
  • Shadreck Mapfumo | Senior Financial Sector Specialist | Africa |  smapfumo@ifc.org
  • Vijayasekar Kalavakonda | Senior Financial Sector Specialist | Asia | vkalavak@ifc.org
 
Media Contacts
  • Rebecca Post | Communications Officer | rpost@worldbank.org 
 

 

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GIIF is funded by the European Union, Japan, and the Netherlands.

 

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GIIF collaborates with the ILO’s Impact Insurance Facility to strengthen its knowledge and dissemination related activities. The collaboration aims at improving the delivery of index insurance to farmers and their families as well as businesses, through the extraction, dissemination and promotion of lessons mainly from GIIF implementing partners and to strengthen microinsurance markets in countries that have a strong index insurance potential. 

 

Image result for ILO Impact Insurance Facility

 

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Weathering the Risks: Scalable Weather Index Insurance in East Africa

 

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