PlaNet Guarantee and Global Index Insurance Facility launch new microinsurance facility in Africa


French NGO PlaNet Guarantee have teamed up with the International Finance Corporation insurance facility the Global Index Insurance Facility (GIIF) to launch what they are calling the first regional management platform for microinsurance and index insurance in West Africa.

The project aims to roll out microinsurance products to farmers in the region to protect them financially from weather events and to improve food security for populations in the region. They aim to develop parametric agricultural and weather insurance policies for countries such as Senegal, Burkina Faso and Mali. The project aims to reach and provide microinsurance cover to over 60,000 people by the end of 2015.

PlaNet Guarantee have also been working with Allianz Africa on a number of microinsurance weather risk products in other parts of Africa.

This project has wide support from the microinsurance community, insurers and reinsurers so could become one of the largest in the region.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.