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World Bank Group-Led Community of Index-Insurance Practitioners to Enhance Exchange of Knowledge, Expertise

Wed, 01/14/2015
Topics: 
General
Weather index
Product distribution
BERLIN, November 27, 2014 —The Global Index Insurance Facility (GIIF), an innovative program managed by the World Bank Group, launched today the Index Insurance Forum at the Agricultural Insurance Conference in Berlin. The Index Insurance Forum will serve as a unique forum for knowledge sharing and exchange of best practices among index-insurance practitioners and industry representatives.
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ILO and World Bank Group to Enhance Access to Index Insurance in Rural Areas in Africa and Asia

Wed, 01/14/2015
Topics: 
General
Data
Data providers
Legal/Regulatory frameworks
Product design
Weather index
Geneva, Switzerland July 24, 2014 – The International Labour Office (ILO) and the World Bank Group (WBG) have signed a memorandum of understanding that aims to provide access to improved insurance products to hundreds of thousands of smallholder farmers, small businesses and individuals in Asia and Africa. The three year partnership is the first-of-its-kind within the rapidly evolving index insurance industry. The Facility and GIIF combine their strengths to improve the delivery of index insurance to farmers and their families as well as businesses, through extraction, dissemination and...
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Interview with Peer Stein: Index Insurance Is For Farmers What Credit Scoring Was For Consumer and Small Bank Lending

Tue, 01/13/2015
Topics: 
General
Product distribution
Micro-level
Meso-level
Is index insurance poised for a great leap forward similar to the rapid growth experienced by microfinance and credit bureaus in the 1990s? Index insurance clearly holds a lot of promise to help unlock productivity gains and protect farmers all around the world. Index insurance is for insuring farmers, MSMEs and individuals what credit scoring was for consumer and small business lending - a huge opportunity to make financial services much more widely available at lower cost by using smart analytics and data. In this sense, index insurance may be even more promising than microcredit because...
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IFC, EU and Syngenta Foundation to Expand Weather Insurance to One Million East African Farmers

Tue, 01/13/2015
Topics: 
General
Data
Satellite data
Product design
Weather index
Area yield
Hybrid
Catastrophe weather derivative
Product distribution
Micro-level
Meso-level
Country: 
Kenya
Rwanda
Tanzania
GIIF, a member of the World Bank Group, signed two grant agreements, with a combined value of $3.9 million, with the Syngenta Foundation for Sustainable Agriculture to expand index-based insurance to small-scale farmers in Kenya, Rwanda and Tanzania. Index-based weather insurance can protect against the adverse effects of climate change and help to strengthen food security in rural communities.
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World Bank Group Global Index Insurance Facility Receives $25 Million from the Dutch Ministry of Foreign Affairs

Mon, 01/12/2015
Topics: 
General
Data
Satellite data
Legal/Regulatory frameworks
Product design
Weather index
Area yield
Hybrid
Product distribution
Micro-level
Meso-level
The World Bank Group signed an agreement marking the $25 million contribution by the Dutch Ministry of Foreign Affairs in support of scaling up insurance markets in developing countries over the next five years, thus helping to ensure that agricultural insurance becomes a sustainable business model for smallholder farmers.
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La lutte contre la pauvreté rurale passe par l’innovation

Sat, 12/27/2014
Topics: 
General
Data
Product design
Weather index
Hybrid
Product distribution
Meso-level
Country: 
Rwanda
Niyitegeka Veneranda, 55 ans, est agricultrice au Rwanda. Elle a sept enfants et cinq petits-enfants. Alors qu’elle possède moins d’un hectare de terrain avec son mari, elle a réussi a construire une petite maison, à nourrir sa famille et à envoyer se trois plus jeunes enfants à l’école. Grâce à une assurance agricole, elle a obtenu un prêt d’une banque locale qui lui a permis d’accroître sa production de riz, et elle prévoit de demander un autre prêt l’année prochaine pour étendre encore sa surface cultivable.
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Turning the tide on rural poverty requires innovative new products

Sat, 12/27/2014
Topics: 
General
Other frameworks
Product design
Weather index
Product distribution
Meso-level
Country: 
Rwanda
Fifty-five year old Niyitegeka Veneranda lives in rural Rwanda. She and her husband are parents to seven children and grandparents to five. They farm less than a hectare of their own land, yet she has been able to build a small house, feed her family, and send her last three children to school. She expanded her rice production recently with a loan from a local bank made possible through agricultural insurance, and plans to expand her acreage with another loan next year.
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Automated Weather Stations Drive Groundbreaking Low-cost Micro-insurance Plan for Rwanda’s Farmers

Topics: 
Data management
Data providers
Legal/Regulatory frameworks
Weather index
Area yield
Hybrid
Product distribution
Meso-level
Country: 
Rwanda
As Rwandan farmers face increasingly erratic rainfall, an innovative program launched today will use automated weather stations to offer 20,000 farmers in the Southern and Western provinces of Rwanda low-cost insurance to protect their loans for high-yielding seeds, fertilizers, and other farm inputs.
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GIIF hosts inaugural Climate Risk Forum as part of NYC Climate Week

In the context of the New York 2014 Climate Week, GIIF and IRI co-organized the inaugural Climate Risk Forum 2014. This event gathered high-profile speakers to discuss "Building Innovative and Sustainable Index Insurance Markets in Developing Countries." It included a keynote address, followed by a panel discussion, and concluded with a question and answer session.
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World Bank Group Convenes Developing Countries Seeking Improved Agribusiness Trade

Topics: 
Data management
Earthquake data
Public/Legal frameworks
Weather index
Area yield
Country: 
Philippines
MANILA, Philippines, October 23, 2014— The World Bank group this week brought together trade and agriculture officials from Africa, Asia, and Latin America with experts and private sector representatives for an international dialogue on how to overcome key trade barriers along agribusiness supply chains. The peer-to-peer learning event, titled “Leveraging Opportunities for Agri-Food Agencies in the Post Bali Era” and held in Manila October 22 and 23, aimed to help developing countries build efficient trade logistics systems and services that facilitate agribusiness trade while ensuring food...
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