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Microfinance and Index Insurance: Testing Business Models in the Agricultural Sector

Author: 
Rachel Sberro-Kessler ( Global Index Insurance Facility)
Topics: 
General
Weather index
Other
While access to credit is a key instrument to alleviate rural poverty, microfinance institutions (MFIs) are often unable to expand their agriculture lending portfolio. One of the key constraints that MFIs face is the exposure of agriculture lending to shocks such as drought, flood, or locust which can put farmers in a situation where they are unable to repay their loans. Major agriculture shocks can indeed lead to loan defaults and bank runs therefore resulting in destruction of risk capital, reduced access to liquidity, decreased lending and sometimes insolvency. Evidence shows that credit...
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20
Jan

Launch of Online Knowledge Platform focused on Index-Insurance

Topics: 
General
Data
Product design
Weather index
Product distribution
Year: 
2015
The Global Index Insurance Facility (GIIF), part of the World Bank Group’s Finance and Markets Global Practice, will launch indexinsuranceforum.org , an online knowledge platform for index-insurance practitioners globally on January 20, 2015. The official launch event will be held in the ACP Secretariat in Brussels, Belgium and will see GIIF’s key donors, including the European Union and The African, Caribbean and Pacific States (ACP) Group, in attendance. The platform features knowledge products, research and discussions on key issues related to the development of innovative index-insurance...
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Lending Stability to the Farming Structure in Sri Lanka

Content owner: 
GIIF - World Bank Group
Topics: 
General
Product design
Weather index
Area yield
For eight years, Chandrasiri Vanasunder, a small holderfamer in the Ratnapura district of Sri Lanka, bore the losses caused by drought and excess-rainfall on his 2-acre tea estate. But all that begun tochange in 2012, when a sales representative from Sanasa told him about ‘index-based insurance’ for tea plants. “As soon as I heard about the product, I knew that this was a good product. I have suffered severe losses in the past, and this seemed like a smart idea to help me prepare for future uncertainty.” Vanasunder’s judgment proved right, as approximately half -way through the last season,...
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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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12
Dec

Food and Nutrition Security, Agriculture and Climate Change

Topics: 
Data
Data management
Weather index
Area yield
Catastrophe weather derivative
Year: 
2014
On the sidelines of UNFCCC COP20 the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS) and CARE will host a half day seminar to raise awareness and showcase actions on approaches to address the food and nutrition security and climate change challenges.
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26
Nov

Agriculture Insurance Conference - How can we make it work to contribute to food security?

Topics: 
Weather index
Product distribution
Year: 
2014
The Conference will focus on how agricultural insurance and food security are linked and how this link is relevant for future development efforts. It will sharpen the understanding under what circumstances and how agricultural insurance can best contribute to food security and provides a platform to share experiences. The Conference welcomes food security and agricultural insurance experts, development organizations, insurance policy makers and regulators, academia and representatives from the private sector. View AIC 2014 panelist interviews here .
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11
Nov

10th International Microinsurance Conference 2014

Topics: 
Weather index
Product distribution
Micro-level
Year: 
2014
From 11 to 13 November 2014, the 10th International Microinsurance Conference will take place in Mexico City. Around 500 participants and experts from around the world will exchange views and discuss the challenges of microinsurance. The participants will include representatives of insurance and reinsurance companies, international organisations, NGOs and development-aid agencies as well as academics, policymakers, and supervisory regulators.
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Weather Index Insurance for Maize Production in Eastern Indonesia

Topics: 
Data
Weather index
Catastrophe weather derivative
Product distribution
This study explores the feasibility of weather index insurance (WII) in providing cost-effective ways for rural dwellers to manage risk and better cope with catastrophic events. The case study analyzed is drought coverage for maize production risk in Eastern Indonesia. Indonesia is considered one of the more vulnerable countries to hydro-meteorological risks in Asia. In some agricultural areas, harvest and production dip significantly during ENSO (El Niño Southern Oscillation) events due to belownormal rainfall. Indonesian production is highly dependent upon rainfall. Only 17 percent of the...
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Offering rainfall insurance to informal insurance groups: Evidence from Ethiopia

Author: 
Stefan Dercon, Ruth Vargas Hill, DanielClarke, Ingo Outes-Leon Alemayehu Seyoum Taffesse
Topics: 
Data
Weather index
We show theoretically that the presence of basis risk in index insurance makes it a complement to informal risk sharing, implying that index insurance crowds-in risk sharing and leading to a prediction that demand will be higher among groups of individuals that can share risk. We report results from Ethiopia from a first attempt to marketweather insurance to informal risk-sharing groups.
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