Global Index Insurance Facility

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CelsiusPro & World Bank partner on Ukraine weather-index insurance

Swiss weather index insurance specialists CelsiusPro AG have partnered with the World Bank in a project implemented by the IFC to bring more affordable agriculture insurance to the Ukraine through index-insurance techniques.The aim is to ultimately make agricultural insurance in Ukraine more affordable for smaller companies, expanding farmers’ access to read the full article →

Global Index Insurance Facility gets funding to expand index insurance

The Global Index Insurance Facility (GIIF), a weather and disaster insurance facility managed by International Finance Corporation alongside the World Bank, has received funding to help it expand the use of index insurance in agriculture.The Dutch Ministry of Foreign Affairs has contributed $25m to the GIIF to help fund the read the full article →

IFC, EU and Syngenta to expand East African weather index insurance

IFC, a member of the World Bank Group, has signed two grant agreements totaling $3.9m, with the Syngenta Foundation for Sustainable Agriculture to expand a weather index insurance pilot to over one million East African farmers.Over the next two years up to one million small-scale farmers in Kenya , Rwanda read the full article →

IFC and Swiss Re partner on index-based insurance innovation

International Finance Corporation (IFC), a member of the World Bank Group, and Swiss Re Corporate Solutions are to join forces to develop new and innovative index-based insurance products to help ease the impact of weather and natural disasters in developing countries. The products will be particularly targeted at farmers and read the full article →

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 read the full article →

IFC providing more grants for African index-insurance schemes

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 read the full article →

IFC officially launches Global Index Insurance Facility

The International Finance Corporation (IFC), a member of the World Bank Group, has officially launched the long awaited Global Index Insurance Facility. I've written about the facility in the past when it was still in pilot phase but now it has been launched in partnership with the European Commission and read the full article →