Microinsurance news

The International Finance Corporation (IFC), part of the World Bank Group, has signed new agreements with three partner index-insurance schemes in Africa to help expand access to microinsurance products for farmers and livestock herders. The schemes aim to help farmers and herders protect their crops and livestock from weather risks and natural disasters.

Swiss Re has announced the introduction of a new index-based insurance program which aims to protect rice farmers in Vietnam from losses they incur due to low rice yields caused by weather and natural catastrophes. The program is being implemented with Swiss Re capacity and their knowledge and expertise has helped to define the scope […]

Microinsurance is beginning to show the potential for growth that market participants and commentators have been predicting. At the heart of that growth is the provision of weather index linked insurance to farmers and businesses in developing countries.

New, different approaches to microinsurance for farmers are appearing at an increasing speed with the Philippines seemingly being one of the markets where innovative attempts to create affordable, index-linked agricultural insurance are happening.

Progress is being made by the International Association of Insurance Supervisors (IAIS) and the MicroInsurance Network (MIN) in an ongoing discussion looking at how best to regulate organisations involved in the distribution and provision of microinsurance and microfinance initiatives.

Allianz has really nailed its colours to the mast with regards to microinsurance and are thoroughly embracing the potential for it to turn into a huge market. It’s certainly true that those who venture into the microinsurance marketplaces first stand a very good chance of securing a good sized chunk of the business.

This summers extreme heatwave in Russia which resulted in widespread fires and a serious drought across much of the country has caused considerable losses for individuals and the public/private sectors. Drought destroyed 17% of the available crop area in Russia and the fires spread over 200,000 hectares causing widespread damage and loss of homes and […]

The U.N. World Food Programme has donated 20 automated weather stations to the National Meteorological Agency of Ethiopia. The stations have been installed this week and aim to provide real-time data for both climate early warning and weather risk management.

A new study has produced a global ranking which shows the vulnerability of 170 countries to the impact of climate change over the next 30 years. The Climate Change Vulnerability Index (CCVI), from Maplecroft, is designed to enable organisations to identify areas of risk within their operations, supply chains and investments. It also serves as […]

Two topics discussed at the recent 25th East Asian Insurance Congress are of relevance to us and our audience. The congress was attended by more than 1,300 delegates from 40 countries across the world and they got together to discuss the issues within the insurance and reinsurance industry that impact Asia and the people who […]