Kenya

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22
Jul
In August 2020, the GIIF team commissioned a study by the Wageningen University and Research (WuR) to generate lessons learned in perception, adoption, and understanding of agriculture index insurance by firms and smallholders in Kenya, Senegal, and Zambia. The study was recently concluded. A review of the portfolios and experiences among three companies – ACRE Africa (Kenya), Compagnie Nationale d’Assurance Agricole du Sénégal ( CNAAS ), and Mayfair Zambia – reveals successes, opportunities and challenges yet to be overcome in mainstream agriculture index insurance (AII) among farmers across...
25
Jul
The agriculture and agro-processing sectors are the mainstay of Madagascar’s economy, accounting for about 24 percent of GDP in 2020. About 80 percent of the country’s population is involved in agriculture. However, due to its geographical location, Madagascar is largely affected by natural disasters, including droughts, cyclones, and floods, which threaten agricultural productivity. The International Finance Corporation (IFC) is organizing a workshop to disseminate key results of the Madagascar Agriculture Insurance Diagnostic in partnership with the Ministry of Agriculture and Livestock (...
8
Jun
WBG’s Global Index Insurance Facility (GIIF) and the Wageningen University & Research (WuR) will brief participants on a recently completed review of GIIF’s engagement in Kenya, to understand farmers’ knowledge, perception, and utilization of insurance as well as satisfaction of GIIF’s supported activities in the country. The goal is to review lessons learned and to receive guidance towards the implementation of GIIF’s future activities in the country, as well as to have an overall understanding of ways to better develop and improve products and services as part of the Program’s pipeline...

Africa AgTech & Inclusive Insurance Challenge - Nairobi 2022 (Extended)

The Global Index Insurance Facility picked up valuable moments and testimonials from donors, guest speakers, and participants at the Africa AgTech & Inclusive Insurance Challenge hosted at Sankalp 2022 , which took place last month in Kenya, Nairobi. “This was a great opportunity for start-ups in this space to collaborate with IFC and its partners and bring to the fore game-changing ideas that will contribute to the transformation of Africa’s agricultural sector” , said Fatou Assah, GIIF Program Manager. Click here to watch the extended version of the wrap-up video.
Agrotech+ from Kenya scoops third place in the AgTech and Inclusive Insurance challenge 2022
8
Mar
Nairobi, Kenya, March 8, 2022 – The Global Index Insurance Facility (GIIF), launched a competition for technology-led enterprises in Africa to offer innovative solutions for agriculture and inclusive insurance and announced 3 top winners: Omishtu-Joy (Ethiopia), Rural Farmers Hub (Nigeria), and AgroTech+ (Kenya). Powered by Sankalp Forum , the Africa AgTech & Inclusive Insurance Challenge aimed to celebrate and support young entrepreneurs who are working at the intersection of agriculture, insurance, climate, and gender to build resilience for rural populations. The Challenge offered an...
Insurance literacy and general awareness on insurance is very low amongst the majority of small scale farmers as well as potential intermediaries in Kenya. This hampers the development of a private-sector driven insurance market. Spreading awareness of insurance and interventions in order to improve insurance literacy among clients have been left so far to the insurance companies and their sales structures. The Insurance Regulatory Authority (IRA) is only sporadically involved. This has obvious cost implications for the private sector. As a consequence, information has mainly been provided to...
There is a range of reasons for establishing agricultural and climate risk insurance, including adaptation to climate change, food security, disaster risk management or social protection. Regardless of the motives, however, creating an effective insurance system inevitably cuts across various political spheres. Hence, the first key element is to create a broad consensus amongst policy makers and their commitment to creating an enabling policy environment that fosters the necessary infrastructure. This includes the integration of agricultural and climate insurance into respective national...
The core objective is to enable farmers, cooperatives and other value chain actors to adapt to climate change.

What is Weather Index Insurance? By Mayfair Insurance

Mayfair Insurance, a GIIF Partner, has produced a video for awareness raising on index insurance during last season (2018).
The core objective of the project is to protect households from the economic shocks of livestock mortality due to drought.
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