What is the World Bank’s experience with agricultural index-based insurance?
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GIIF project partners have benefited from the experience gained with the following WB projects:
In 2003, the World Bank has provided technical assistance to the Government of India to the first weather insurance pilot in India, and in the developing world. Today, about 30 million farmers are covered with index insurance. For more information, see:
In 2005, the government of Mongolia asked the World Bank for technical assistance in the design and implementation of a pilot program for index-based livestock insurance in order to protect herders against major livestock losses caused by harsh winters. This is the first time an index insurance product has been used in Mongolia. In 2012, nearly 11,000 herder households and over 1.5 million heads of livestock were insured. For more information see: