Your search for “micro-insurance”

A weather index based microinsurance scheme which has been active in Kenya for more than two years is now expanding its reach to include Rwanda as well. The scheme which offers farmers a way to protect their crops against weather extremes through the use of insurance products with parametric index type triggers is operated by […]

The development of microinsurance products using satellite data to create index-based insurance products is a growing industry and one which is showing increasing promise as the pilot projects scale out to encompass thousands of policyholders. The application of satellite technologies to create indices against which insurance products can be triggered is changing the way farmers […]

It’s Monday morning again and here’s our post-Olympic catch-up of the most read articles during the last seven days. Many of you have been on vacation in recent weeks so we have left you a simple way to go back and find any important news you may have missed. Visit this page where you can […]

According to the International Labour Organisation micro-insurance alone may not be enough to protect the poor in developing nations from natural disasters and weather related catastrophe events. Where extreme weather events and disasters are concerned the ILO recommends the use of what they have termed meso-insurance or macro-insurance schemes as micro-insurance may be too localised […]

The IFC (International Finance Corporation), part of the World Bank Group, has partnered with micro-insurance company SANASA Insurance to pilot affordable, index-based weather insurance products to farmers in Sri Lanka to help minimise the impact of crop losses due to flooding or drought. It’s another example of index-based insurance products being used to bring insurance […]

The uptake of microinsurance by low-income earners in parts of the developing world is growing rapidly according to data in the annual report of the International Labour Organisation’s Micro-insurance Innovation Facility. Many types of products make up the microinsurance universe, from life and health, to property, to livestock, but one area playing a key role […]

The Micro Insurance Catastrophe Risk Organisation (MiCRO) has signed a grant agreement supporting their parametric catastrophe micro-insurance programme for Haiti with the Caribbean Development Bank (CDB). The CDB will be administering the multi-donor trust fund that supports the operations of MiCRO.

The spread of index-based weather insurance into the developing world continues apace as new products are launched on a regular basis which allow residents, farmers, business owners and governments to hedge the risks of weather impacting their livelihood. The speed with which weather-index insurance has been adopted puts to shame many developed western nations who […]

Each year, the World Economic Forum (WEF) works with insurers and risk management professionals to come up with a report which highlights the main global risks the world will face in the coming year. The 2011 report has been published recently. For this report the WEF worked with Swiss Re, Marsh & McLennan, Wharton Center […]

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.