Index Insurance in the News

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GIIF Program Manager Fatou Assah (far left) moderated a session at the Syngenta Foundation for Sustainable Agriculture International Conference on September 18, 2018, in Basel. The panel session "The Provider Perspective," discussants, including ACRE Africa's Rahab Kariuki, dove into detail on how many parts need to be moving in sync to deliver integrated solutions. | Key takeaways from the conference.
Yogyakarta, Indonesia, October 29, 2018 — IFC, a member of the World Bank Group, and PT. Reasuransi MAIPARK Indonesia, a special-risk reinsurance company, today hosted an event to present Earthquake Index Insurance (EQII) policies to three rural banks in Yogyakarta. The aim is to protect banks providing loans to individuals and micro, small, and medium enterprises from losses following earthquakes. More than 12 million Indonesians live and work in earthquake-prone zones, with economic exposure reaching an estimated $80 billion. These risks are especially high in Java, Sumatra, and Sulawesi,...