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GIIF July Newsletter in 2022 features team news, events, blogs, highlights, and interviews.
The first part of the webinar session was a launch of the joint Geneva Association and Insurance Development Forum (iDF) paper titled " Insurance development in Emerging Markets: The role of public policy and regulation " introduced by Dennis Noordhoek (Director of Public Policy & Regulation at the Geneva Association). On the objectives of the paper Mr. Dennis Noordhoek began by noting that over the past ten years, the economies of many emerging markets have grown significantly, and during those periods insurance market in these countries has also experienced growth. Despite this growth,...
GIIF April Newsletter in 2022 features team news, events, blogs, highlights, and interviews.
Developing Risk Management Approaches for Climate Risk
Loss and damage from natural disasters have increased substantially over the last couple of decades. In 2020, for example, 980 natural disasters struck the world, causing significant economic loss, destroying major infrastructure, and claiming human lives.1 A single natural disaster can have enormous financial impacts. Some of these damages and losses can be reduced and transferred if appropriate policies and actions are applied. For this reason, Climate and Disaster Risk Management (DRM) has gained importance on international agendas and in many organisations. The main idea behind DRM is to...
A COP26 Special Edition GIIF Newsletter released in December of 2021 featuring team highlights, events, blogs, interviews, and new annoucements.
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COP26 was a platform for a global watershed moment for collective introspection on much-needed action and investment to mitigate the effects of climate change: especially on the most vulnerable. Find here a detailed overview of events at the 26th session of the UN Conference of Parties. At GIIF, we have prepared a round-up of resources to give a flavor of the flagship sessions organized and initiatives launched to drive action and maintain momentum on climate action beyond COP26.
Under a scenario with 1.5°C of warming above preindustrial levels by 2030, almost half of the world’s population—approximately 5.0 billion people—could be exposed to a climate hazard related to heat stress, drought, flood, or water stress in the next decade. Today, this figure is 3.3 billion people. There is thus an urgent need to focus on boosting resilience in both cities and rural areas. During the just-ended COP26, the World bank Group turned the spotlight on its Climate Change Action Plan 2021-25 which prioritizes a green, resilient and inclusive development (GRID) approach for...
Despite the effects of COVID-19, the Program successfully delivered significant results and it continues building a robust pipeline to strengthen this business line to further develop the markets. Since the launch of GIIF, more than 10.5 million agriculture insurance policies have been issued, with an estimated outreach of 53 million beneficiaries globally. We recognize and appreciate all the hard work that our clients do, and we are grateful for the continuous support of our Donors. Please see below summary highlights under each category. Program launch: The establishment of a new Program “...
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GIIF October Newsletter in 2021 features team news, events, blogs, highlights, and interviews.
With over 580 farmed species (FAO, 2016), a large variety of different production systems exists both onshore and offshore varying largely between industrialized operators and smallholder producers. The production value of aquatic stock depends on the species and production system in terms of areal and volumetric density of stock, water loading (closed systems), exchange rate of water, hydraulic detention time and cumulative oxygen consumption (Colt, 1991). Therefore, the same aquatic species can generate different yields in function of the production environment. Farming aquatic species is...