East Asia and Pacific

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Gloria Grandolini, F&M GP Senior Director, World Bank Group

Interview with Gloria Grandolini, F&M GP Senior Director, World Bank Group Over the last 10 years , our work at the World Bank Group (WBG) has led to over 35 million farmers benefiting from new or improved insurance products. The WBG recognizes the importance of making available financial solutions, particularly insurance instruments to compensate for losses following adverse natural events.
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...
Full Publication here The four stages of agricultural development are: The case studies of Germany, the US, and South Korea reveal four largely linear stages of agricultural finance development within each country. These stages are differentiated by sources of farm debt, government roles, and the nature of farm structure and productivity. This briefing classifies these stages of agricultural finance development as: 1. The informally-served stage 2. The government-entry stage 3. The bank-based stage 4. The market-based stage
Supported by the Global Index Insurance Facility (GIIF), the International Finance Corporation (IFC) has been working with PT Reasuransi MAIPARK (national reinsurer of all special risks) to design and retail an index insurance product that protects the lending portfolios of banks from liquidity crises in the aftermath of an earthquake. This is relevant particularly for microfinance institutions (MFIs) and rural banks to be able to continue lending to communities when funds are most needed. Product brochures in English and in Bahasa Indonesia are available.
The International Finance Corporation (IFC), supported by the Global Index Insurance Facility (GIIF) and the Canadian government, has been working with CPMI (CARD Pioneer Microinsurance Inc.) and CARD MRI (the Center for Agriculture and Rural Development, Mutually Reinforcing Institutions) to create an index-based portfolio insurance product to insure the loan portfolios of lending institutions such as microfinance institutions (MFIs). They have also been working to provide advisory services for an indemnity-based crop insurance product to insure crop losses suffered by CARD agri-borrowers,...
Papua New Guinea (PNG) is a lower middle income country located in the Asian-Pacific region. Agriculture is the predominant source of livelihood in the country, with the agricultural sector accounting for 67% of the total labor force and 35% of the GDP in 2010. PNG has a very high exposure to earthquake, tsunami and volcanoes as well as being affected by climatic perils including tropical cyclones and the influence of the El Nino Southern Oscillation (ENSO) cycle which brings with it extremes of drought and excess rain and flooding. The Government of PNG identifies that agriculture has and...

Pranav Prashad interview

Pranav Prashad, Technical Officer at International Labour Organization's Impact Insurance Facility talks about demand for index insurance. This video was shot at the Agriculture Insurance Conference in Berlin 2014.

Jean Luc interview

Jean-Luc Perron, Managing Director of Grameen Credit Agricole Microfinance talks about defining and growing the market for index insurance.
Despite representing only a small portion of the total Property & Casualty market, parametric insurance has evolved rapidly in the last decade. This relatively new approach to insurance is index-based. At AXA, we believe that parametric insurance will continue to flourish in the future. Despite representing only a small portion of the total Property & Casualty market, parametric insurance has evolved rapidly in the last decade. This relatively new approach to insurance is index-based. For instance, in some geographies, claims could be paid out based on actual meteorological conditions...
Smallholder farmers need finance. According to a recent report of 1,800 banks conducted by the Initiative for Smallholder Finance – “ Local Bank Financing for Smallholder Farmers: A $9 Billion Drop in the Ocean ” - local banks in developing countries are currently lending approximately $9 billion to smallholder farmers compared to a total estimated demand of $300 billion globally for smallholder finance ($450 billion if China is included) . Although smallholder farmer financing also occurs through MFIs and non- financial intermediaries like supply chain participants, cooperatives and...