Microinsurance news

An archive of all of our news articles on the topic of microinsurance. This chronological archive includes every article on Artemis related to the weather and climate aspects of microinsurance including weather index insurance. For the latest news and full coverage visit the homepage.


World Bank’s IFC partners on Indonesian parametric climate insurance

The World Bank Group’s global development institute, International Finance Corporation (IFC), will collaborate with Indonesia’s PT Reasuransi MAIPARK to develop parametric insurance solutions for the country’s agribusinesses against the increasing threat and costs of natural disaster and climate events.The IFC and MAIPARK, a specialist risk reinsurance firm owned by all read the full article →

World Bank rep calls for supervision of index-insurance

Index-based, or parametric structured insurance solutions, while beneficial and expanding across the world, require greater supervision, according to Lead Insurance Specialist at the World Bank, Craig Thorburn.Insurance industry supervisors, policymakers and insurers from the Asia Pacific region met in Singapore at the 9th Consultative Forum in March, 2017, and debated read the full article →

World Bank & Africa Re to cap weather index-insurance loss ratios

The World Bank's Global Index Insurance Facility (GIIF) and African Reinsurance Corporation (Africa Re) have teamed up to provide a facility that will help to cap insurers loss ratios on weather index-insurance schemes in Africa.Index-insurance, or index based insurance, typically involves protecting policyholders from weather and climate impacts, using indices read the full article →

As microinsurance penetrates Africa reinsurance capacity need will grow

Parametric or weather-index insurance cover through microinsurance schemes continues to expand its reach across Africa, a trend that could result in greater demand and utilisation of reinsurance and insurance-linked securities (ILS) capacity.During 2014 total identified microinsurance written premiums across Africa increased to $756 million, from $387 million in 2011, representing read the full article →

Risk transfer needed to protect emerging economy agriculture

The increased severity and frequency of extreme weather and climate-related disasters presents a grave threat to the important agricultural sectors of emerging economies, a trend that is likely to continue without adequate risk transfer solutions and improved disaster resilience efforts.During the ten years spanning 2003 to 2013, 78 natural disasters read the full article →