Index Insurance Forum

  • 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.

  • GIIF Activity Snapshot

    In June 2016, over 60 participants gathered at the College of insurance in Nairobi to discuss best practices and share their knowledge and expertise on index insurance, particularly livestock insurance and agriculture insurance. Read more about the event

  • How to Measure Whether Index Insurance Provides Reliable Protection.

    In a World Bank's Policy Research Working Paper, Karlijn Morsink, Daniel Jonathan and Clarke Shadreck Mapfumo propose to measure the reliability of index insurance in terms of two policy objectives that stakeholders may have when offering index insurance: the extent to which the insurance captures losses caused by the peril covered by the contract (insured peril basis risk) and the extent to which the insurance covers losses from agricultural production (production smoothing basis risk). This paper is a product of the Disaster Risk Financing and Insurance Program (DRFIP), a partnership of the World Bank’s Finance and Markets Global Practice Group and the Global Facility for Disaster Reduction and Recovery. Read the Working Paper here.

  • The Government of Kenya has launched "Kenya Livestock Insurance Program (KLIP)" that will insure 100,000 household against drought by 2019.

    The program received technical assistance provided by the World Bank Group, led by the Disaster Risk Financing and Insurance Program (DRFIP) and the Global Index Insurance Facility (GIIF). Read 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.

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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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