Index Insurance Forum

  • Videographic: Earthquake Index Insurance (EQII)

    The GIIF team in Indonesia has produced a videographic on earthquake index insurance. Supported by GIIF, the IFC has been working with PT Reasuransi MAIPARK to design and retail an index insurance product that protects the lending portfolios of banks from liquidity crises in the aftermath of an earthquake. Click here to watch the EQII video

  • New Climate Data in Zambia Unlocks Insurance Opportunities

    IRI staff helped launch an innovative new data platform in Lusaka, Zambia that combines satellite rainfall estimates with the country’s existing network of rain gauges. The World Bank Group’s Global Index Insurance Facility (GIIF) funded the event, which brought together participants from the Zambia Meteorology Department, R4, World Food Program and the country’s insurance sector. Read more

  • What Can Index Insurance Offer to Development?

    As climate change adaptation and disaster risk management have become mainstream in development work, focus on index insurance has increased because uninsured losses keep vulnerable populations in poverty. In a World Bank feature story, two experts reflect on their work on index insurance and its use as a development tool. Read more

  • World Bank Group's Feature Story: For Pioneering Livestock Index Insurance, World Food Prize Award Honors World Bank 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. (Photo credit: ILRI/Riccardo Gangale) Read more

  • GIIF in Asia Pacific: A Conversation with Vijayasekar

    Vijayasekar Kalavakonda, IFC Senior Financial Sector Specialist, talks about GIIF's current and future projects in Asia Pacific. Click here for the interview

  • Philippines' Crop Insurance Helps Farmers When Typhoon Strikes

    IFC partnered with CARD Pioneer Microinsurance Incorporated (CPMI) in the Philippines to design and launch a new crop-insurance product to protect farmers from typhoon-related losses. It will initially target CARD’s farmer clients. “This is the first private sector-led crop-insurance product in the Philippines and a ground-breaking initiative by our partners CPMI and CARD,” said IFC Country Manager Yuan Xu. The initiative is supported by the Government of Canada and the Japanese government, a key donor to the Global Index Insurance Facility. Click here to learn more.

  • Kenyan Experience with Parametric Insurance - A Presentation

    On October 11, 2016, Joseph A. Owuor of The Insurance Regulatory Authority of Kenya presented a presentation entitled "Kenyan Experience with Parametric Insurance" at a workshop in Guatemala, sharing Kenya's experience on Kilimo Salama (Safe Agriculture) Index Based Agriculture Insurance and Index Based Livestock Insurance (IBLI) with the attendees. Read more and view the slides

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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