Index Insurance Forum

  • World Bank Sees Good Yields in Crop Insurance

    Speaking in an interview, the World Bank's Country director for Kenya, Ms Diarietou Gaye, welcomed the government's partnership with local insurance companies in crop and livestock cover policies, which are believed to benefit smallholder farmers. The development is expected to positively impact the country's economic development. Read more

  • Index insurance: What you need to know

    In an article entitled “Index insurance: What you need to know”, Devex interviews Gloria Grandolini, the WBG’s Senior Director, and Gilles Galludec, GIIF Program Manager, on the Global Index Insurance Facility and how index insurance works. Read more

  • How to accelerate Financial Inclusion of Individuals Engaged in Agriculture?

    Key findings from the Global expert workshop co-hosted by the Ministry of Foreign Affairs, Netherlands and the Rabobank Group and organized by the World Bank’s FISF initiative. Read more

  • Favorable conditions for achieving scale, building markets and institutionalize index insurance

    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

  • Gloria Grandolini:
    "Insurance is an Important Tool to Protect the Most Vulnerable"
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Past Events

About Us

GIIF's first implementing partner in Sub-Saharan Africa, the Syngenta Foundation for Sustainable Agriculture, launched Kilimo Salama, an insurance initiative, to market weather, area yield, and livestock index insurance products covering a wide range of crops and dairy cattle. Kilimo Salama is now insuring 185,000 farmers in Kenya, Rwanda, and Tanzania, with plans to expand into East Africa

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Index insurance is a relatively new but innovative approach to insurance provision that pays out benefits on the basis of a predetermined index (e.g. rainfall level) for loss of assets and investments, primarily working capital, resulting from weather and catastrophic events, without requiring the traditional services of insurance claims assessors. It also allows for the claims settlement processes to be quicker and more objective.

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Limited ground weather data and infrastructure motivated GIIF’s implementing partners to seek partnerships with scientists and technical specialists with special skills in satellite data processing and product design.

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

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Weathering the Risks: Scalable Weather Index Insurance in East Africa

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