Index Insurance Forum

  • The World Food Prize Recognizes a World Bank Group's Grantee

    Dr. Andrew Mude of the International Livestock Research Institute in Nairobi, Kenya, has been named the recipient of this year’s Norman Borlaug Award for his work in providing insurance to livestock herders in East Africa’s drylands through innovative, state-of-the art technologies. The award was given in recognition of his work on the "Index-Based Livestock Insurance", which was supported by the World Bank's Global Index Insurance Program at its nascent stage, then later scaled up by the Disaster Risk Finance and Insurance Program. Both programs are managed by the Finance & Markets Global Practice. Read more

  • Experiences in index-based insurance for farmers: lessons learnt from Senegal and Bangladesh

    In Proparco's Private Sector & Development magazine, Chloe Dugger, Operations Officer in WBG's Finance and Markets Global Practice, and Rachel Sberro, Research Analyst on agriculture finance, write about WBG's Global Index Insurance Facility's experiences with index-based insurance in Senegal and Bangladesh. Read more

  • Making Microfinance More Effective

    In a Harvard Business Review article, authors Dean KarlanRebecca, MannJake Kendall, Rohini PandeTavneet, and SuriJonathan Zinman discuss why microfinance is an imporant instrument for people in poverty to protect themselves from shocks such as illness, crop failures, livestock deaths, farming-equipment breakdowns and even wedding or funeral expenses. The article also sheds some light on why uninsured risk — not lack of access to capital — is a primary constraint on investment by farmers. Read more

  • Her Majesty Queen Máxima of the Netherlands quotes Kilimo Salama as an example for microinsurance programs

    Queen Máxima praises Kenya's Kilimo Salama insurance program (now Acre Africa) that offers farmers insurance policies that shield them from financial losses when drought or access rainfalls are expected to damage their harvests. Read more

  • Gloria Grandolini on Disaster Risk Modeling

    Gloria Grandolini, Senior Director, Finance & Markets Global Practice, World Bank Group attended the 43rd General Assembly in Rome. In this interview, Gloria discusses the opportunities and challenges around disaster risk modelling as well as public-private partnership opportunities for insurance. Click here to watch.

  • Investing in Pre-crisis Financial Risk Management Eases Post-Disaster Recovery Needs

    In a blog post published on the World Bank Group's Voices and on Huffington Post, Gloria Grandolini, Senior Director of Finance & Markets Global Practice at the World Bank Group, wrote that market-based instruments – such as insurance ― can act as shock absorbers in case of natural disaster, helping countries around the world avoid the worst of a crisis’ financial impact. Ms. Grandolini also lists five reasons why investing in pre-crisis financial risk management can ease post-disaster recovery needs. Click here to read more.

  • Implementing of a Pilot Insurance Program for Livestock Breeding

    Peter Wrede and Kaavya Krishna of the World Bank Group wrote in a brief detailing the current progress of an index insurance program for livestock breeding in Uruguay. The Government of Uruguay is pilot testing a Normalized Difference Vegetation Index (NDVI) index insurance to protect small scale cattle and meat producers from drought, based on findings from a feasibility study conducted by the Global Index Insurance Facility (GIIF) in 2011. Click here to learn more.

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.

More Info

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)

More Info

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

Global Team
  • Fatou Assah | GIIF Program Manager |
  • Selin Konrat | Operations Officer | 
Regional Specialists
  • Shadreck Mapfumo | Senior Financial Sector Specialist | Africa |
  • Vijayasekar Kalavakonda | Senior Financial Sector Specialist | Asia |
Media Contacts
  • Rebecca Post | Communications Officer | 


More Info

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


More Info

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


More Info

Weathering the Risks: Scalable Weather Index Insurance in East Africa


More Info