In the face of Cyclone Freddy's destructive aftermath, Jeya Nsinda, a resilient Malawian farmer and mother of three, triumphed over adversity with the invaluable support of climate insurance provided by One Acre Fund. The collaboration between IFC and One Acre Fund is a commendable effort aimed at extending this crucial financial safety net to 1.5 million smallholder farmers, mirroring Jeya's experience, across six African countries by 2025. This initiative is a pivotal component of IFC's Africa Inclusive Insurance Program, which delivers advisory services to various entities, including

Kinshasa, DRC, October 5, 2023 – The DRC Agribusiness Innovation Challenge recognized businesses dedicated to digital technology and circular agriculture as winners in a startup competition organized by the International Finance Corporation (IFC)-led climate insurance program, Global Index Insurance Facility (GIIF). The competition aims to bolster agri-small businesses, support smallholder farmers, and promote the development of climate-smart agriculture in the Democratic Republic of the Congo (DRC). The three triumphant companies emerged from a shortlist of 10 businesses that presented their

IFC concluded two regional insurtech mapping studies in Africa and South-East Asia. The studies provided useful insights on industry trends and investable opportunities. Insurtech is reimagining insurance for incumbent (re)insurers and customers. Key trends include data-driven process optimization, industry-agnostic product development and cloud-based platforms . Usage-based personalized products and personalized customer service platforms such as offered by Naked Insurance are industry-agnostic and provide a large value add applicable across various insurance sectors. Remote claims assessment

The symposium emphasized the development of accurate index designs, the importance of partnerships between governments and the private sector, and the role of financial institutions in distributing index insurance products to farmers. It showcased successful collaborations, such as the National Agricultural Insurance Company of Senegal, which made index insurance accessible to small-scale farmers. The event concluded with a call to action for governments, insurers, financial institutions, and development organizations to work together in expanding the reach of index-based agricultural

We invite you to delve into the insightful symposium on index insurance and disaster risk financing for French-speaking countries, which took place in Dakar, Senegal. This event brought together over 120 participants from 15+ African nations, including experts, representatives, and stakeholders, to discuss innovative financial solutions for enhancing farmers' resilience to climate-related risks. The symposium emphasized the development of accurate index designs, the importance of partnerships between governments and the private sector, and the role of financial institutions in distributing