Côte d'Ivoire

Launch of AACI’s Index Insurance Product for Cotton Farmers
> On April 25, 2019, GIIF partner Atlantique Assurances Cote d’Ivoire (AACI) organized the official launch ceremony of its index insurance product – Atlantique Assur’ Coton – designed to provide insurance coverage for cotton farmers in Cote d’Ivoire. The ceremony was marked by the presence of several Government officials, including the Minister of Solidarity and Social Cohesion, Ms. Mariatou Kone (also Mayor of the town of Boundiali), the Prefect of the Bagoué Region, and the Regional Director of Agriculture. Hundreds of participants attended the event, including cotton
(C) World Bank Group
> On April 30, 2019, the first Steering Committee meeting for the GIIF project in Cote d’Ivoire took place at Hotel Ibis Plateau, Abidjan. The meeting gathered 15 participants from the Government, insurance sector players and producer associations, to discuss about the setup of the Steering Committee as an enabling tool and guidance framework for achieving the project’s desired targets and outcomes. The meeting was chaired by Mr. Karim Diarassouba, the Insurance Commissioner, who also gave the opening speech. He emphasized the importance of agriculture and index-based
GIIF Country Profile: Côte d'Ivoire
A newly designed Global Index Insurance Facility's Country Profile for Côte d'Ivoire is available for digital viewing. The document contains an overview of GIIF's project in the country with Partners Atlantique Assurances Côte d’Ivoire (AACI) and AXA Côte d’Ivoire (AXA-CI). Also available in French.
In 2017, GIIF conducted a feasibility study to evaluate development opportunities for index insurance for producers in four agricultural sectors in Côte d’Ivoire, namely cocoa, cotton, maize, and rice. The study produced a risk mapping for these different crops and highlighted the expected added value of index insurance based on criteria such as the level of exposure to climate risks, the structuration of the value chain, the availability of agrometeorological data, etc. A workshop to present overall findings was organized in Abidjan in January 2018 with close to 50 participants. To implement
In an RTI1 (Radiodiffusion-Télévision Ivoirienne)'s featurette, AXA Côte d’Ivoire, a GIIF partner, presents its index insurance project and how index insurance can make a difference for smallholder farmers. Watch Now (starting at the 12:32)
Feasibility Study on Index Insurance in Côte d’Ivoire
On January 19, 2018, the International Finance Corporation (IFC) and the World Bank organized a workshop in Abidjan to present the results of a feasibility study on index-based agricultural insurance conducted in Côte d’Ivoire between the months of May and September 2017 by the Global Index Insurance Facility (GIIF). As part of the World Bank Group’s Climate Finance and Risk Management unit, GIIF facilitates access to finance for smallholder farmers, micro-entrepreneurs, and microfinance institutions through the provisions of catastrophic risk transfer solutions and index-based insurance in
Développement d’un marché de l’assurance agricole indicielle en Côte d’Ivoire: Le modèle d’affaires du GIIF du Groupe de la Banque Mondiale présenté à Abidjan
A l’initiative du Global Index Insurance Facility (GIIF) du Groupe de la Banque mondiale a eu lieu le vendredi 19 janvier 2018 à Abidjan un Atelier de restitution des résultats de l’étude sur le Développement d’un marché de l’assurance agricole indicielle en Côte d’Ivoire, selon Abidjan.net. L’objectif général assigné à cette étude vise à Promouvoir le développement et la croissance d’un marché local viable et pérenne pour l’assurance agricole indicielle en Côte d’Ivoire, via une assistance technique et un accompagnement financier. «Avant le début de la période d'assurance, un indice

In 2011, at the request of CIMA and FANAF, a regional study on microinsurance was conducted with the technical assistance and financial support from the World Bank. This report showed that a new regional framework was required for microinsurance and agricultural index-based insurance, which had been absent, in the CIMA zone. The member countries are Benin, Burkina Faso, Cameroon, Central African Republic, Comoros, Chad, Cote d’Ivoire, Gabon, Guinea, Equatorial Guinea, Mali, Niger, Senegal, and Togo.