Smallholder farmers in Zambia are vulnerable to weather-related shocks such as drought, flooding, and irregular rainfall. Insurance can be a good risk management tool for these farmers, but the traditional insurance market largely fails to meet their demand for affordable insurance. Index insurance provides an innovative and more efficient solution for them to protect their crops against losses and encourage investment. In March 2016, the Global Index Insurance Facility signed a capacity building grant with Mayfair Insurance, a private insurer registered in Zambia. The grant enabled them to
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17
Aug
Having many Sri Lankan friends in my home country of Australia, I have always wanted to visit Sri Lanka. The image of beautiful green tea plantations comes to mind, and perhaps rightfully so. This May, I had the opportunity to visit and understand more about their Index Insurance market through the Index Insurance Forum – a community of practitioners working towards market development and scalability in Index Insurance. The visit was part of a peer exchange with SANASA, an insurance company in Sri Lanka and a partner of the World Bank Group’s Global Index Insurance Facility (GIIF). The
Index Insurance, Risk Sharing & Challenges Agenda Index Insurance Workshop on September 16 2015.pdf The Research event is organized by Pacifica and Airbus in collaboration with the Global Index Insurance Facility. The event will bring together cutting-edge research on data management and design of Index insurance products. The goal of the event is to advance our understanding and knowledge, to aid innovation and scaling up of agriculture insurance. The workshop style event will be led by academic experts from across the globe. The event will be divided into 2 main sessions – 1) Economic
20
Jul
What happens when a major national development organization – GIZ and a leading private insurer – Allianz SE get together to build innovation in micro-insurance? Watch full video of the event here Experts presented key insights on micro-insurance with a larger view on how these lessons learnt can be applied to other inclusive insurance projects and to various other sectors. The 60 minute session showcased case-studies ranging from how GIZ has assisted Allianz in turning a corporate responsibility charitable micro-insurance story into a fully-fledged and profitable micro-insurance business
24
Jun
Last week, the United Nations’s Secretary General - Ban Ki-Moon, welcomed over 200 insurance representatives at the United Nations (UN) headquarters in New York for the 17-June UN Insurance Forum. During his inspiring speech, Ban Ki-Moon remarked that this was the first time that a UN Secretary General has ever met a congregation of global insurance leaders. He stressed that this was by no means a chance encounter and called upon the insurance industry to play a strong role in the quest for a more sustainable post-2015 world. He stressed that insurers should invest wisely into sustainable
Paris Paris is the capital and largest city in France, situated on the river Seine, in northern France. Today it is one of the world’s leading business and cultural centers, and its influences in politics, education, entertainment, media, fashion, science and the arts all contribute to its status as one of the world’s major global cities. Paris has many nicknames, but its most famous is “La Ville-Lumière” (“The City of Light”), a name it owes first to its fame as a centre of education and ideas during the Age of Enlightenment, and later to its early adoption of street lighting. Climate
This conference is organized by the World Bank Group‘s Global Index Insurance Facility (GIIF), in collaboration with AXA, Swiss Re Corporate Solutions, AIRBUS and Pacifica. Knowledge partners for this event include Geneva Association, Grameen Credit Agricole Microfinance Foundation, and the Impact Insurance Facility of the International Labor Organization. For more information please visit our conference website. This Global index Insurance Conference is organized by the Global Index Insurance Facility, an innovative program which is part of the World Bank Group’s Finance & Markets Global
Venue The Global Index Insurance Conference will be held at the new OECD Conference Centre. The state of the art Centre brings a 21st century dimension to the OECD's historic La Muette site. OECD Conference Centre - 2, rue André Pascal - 75775 Paris Cedex 16, France Accommodation Please click here for a list of hotels near the venue. Kindly note that this information is provided for convenience only and does not constitute an endorsement or recommendation by the World Bank Group of the services of a particular hotel. If you decide to stay in one of the listed hotels, you can request the ‘ OECD
17
Jun
SEPTEMBER 14 and 15, OECD Headquarters, PARIS Climate risk and its impact has been an issue of key significance for the insurance industry. Risks are outlined for all eco-systems, societies, economies, industries and agriculture. Is Index Insurance the Solution? Index insurance is an innovative financial instrument to help poor smallholder farmers manage the increasing climate risks to their harvests. Index insurance will allow farmers to survive adverse weather or destroyed harvests and potentially open up agri-credit markets; enabling farmers to protect their assets and invest in their farms
9
Jul
Thursday, July 9, 2015 12:30 – 01:30 PM, F-5P 100 What happens when a major national development organization – GIZ and a leading private insurer – Allianz SE get together to build innovation in micro-insurance? Experts will present key insights on micro-insurance with a larger view on how these lessons learnt can be applied to other inclusive insurance projects and to various other sectors. The 60 minute session will showcase case-studies ranging from how GIZ has assisted Allianz in turning a corporate responsibility charitable micro-insurance story into a fully-fledged and profitable micro