Climate change poses a significant threat to global economies, with fragile and developing countries being particularly vulnerable. Recent research shows that these nations experience a disproportionate impact, with cumulative GDP losses of around 4% three years after extreme weather events, compared to 1% in other countries. Specifically, droughts in fragile states annually reduce per-capita GDP growth by 0.2 percentage points, emphasizing the urgent need for action to address the challenges faced by vulnerable countries. The Global Index-Insurance Facility (GIIF) is at the forefront of ..read more

In the field of climate risk insurance, gender integration plays a crucial role in addressing the unique challenges women face. According to IFC report estimates, women represent a significant market opportunity for insurance premiums, projected to be between US$1.45 and US$1.7 trillion by 2030. Since its inception, GIIF has facilitated the issuance of over 14 million agricultural insurance policies to date, reaching nearly 70 million beneficiaries globally. It is estimated that 30-35 million of these beneficiaries are women, given that the program focuses on serving subsistence farmers, the ..read more

The Democratic Republic of Congo (DRC) is at a pivotal moment in its agricultural history, as innovative initiatives begin to reshape and empower its agribusiness sector. Among these transformative efforts, the GRECOM-RDC (Green Community Mind) initiative stands out as a remarkable example, illustrating the extraordinary potential of sustainable agriculture in the region. Driven by a passion for ecological balance and economic growth, this initiative has ushered in a new era for DRC's agricultural practices. By leveraging cutting-edge technologies and sustainable methodologies, GRECOM-RDC ..read more

Du 10 et le 14 juillet, le GIIF, en collaboration avec Gallagher Re, a organisé une tournée d'étude au Maroc dans le cadre d'un programme de renforcement des capacités destiné aux acteurs du secteur public et privé travaillant sur des produits d'assurance indicielle basés sur l'agriculture dans les pays francophones d'Afrique de l'Ouest. L'objectif global de ce programme est d'évaluer les principaux défis liés au développement de l'assurance agricole en Afrique de l'Ouest et d'identifier les solutions les plus prometteuses pour y remédier. Cette tournée d'étude, l'échange de partage des ..read more

Le paysage agricole en RDC a connu une progression significative au cours de la dernière décennie. Cependant, des inquiétudes persistent concernant l'accès limité aux innovations agricoles, la baisse de productivité, la diminution des rendements agricoles et la qualité inférieure des produits pour les consommateurs, tant au niveau des ménages que des marchés. Le pays est particulièrement vulnérable aux effets du changement climatique, et étant donné que 95 % de l'agriculture en RDC dépend des précipitations, ce secteur est hautement susceptible des variations météorologiques. De plus, les ..read more

In 2014, GIIF started supporting CARD-Pioneer Microinsurance Inc (CPMI), a joint venture between CARD MRI and Pioneer Insurance in the Philippines, in developing, pricing and deployment of the country’s first private-sector led crop insurance product, named Binhi (“seed”). The goal with the project was to bring in technical support through actuarial experts from IFC, to analyze historical agricultural damage and weather data, to develop a risk-pricing system that would ultimately allow CPMI to strategically manage its typhoon risks and set a sustainable price for its customers. The ..read more

Du 12 au 15 septembre , le GIIF de la Banque mondiale, a organisé un symposium à Dakar, sur le renforcement de la résilience financière contre les risques climatiques dans les pays francophones. Ce symposium a réuni une délégation diversifiée de plus de 120 représentants venant des pays suivants : Sénégal, Mali, Burkina Faso, Côte d'Ivoire, Togo, Djibouti, Bénin, Madagascar, la République Démocratique du Congo, Mauritanie, Burundi, Zambie, Kenya, Ouganda. Cette rencontre a été un creuset d'idées, d'expériences, et d'expertise. Les délégués provenaient de divers secteurs, englobant à la fois ..read more

During 14-17 June 2023, Europe’s largest technology showcase – VivaTech – hosted more than 150,000 visitors and 450 speakers from 174 countries in Paris, France. VivaTech accelerates innovation by connecting startups, tech leaders, major corporations and investors who are using technology to respond to our world’s biggest challenges. Speaking at VivaTech, French President, Emmanuel Macron, announced his country’s bold plans and investments in positive-impact startups (nearly €6 billion) and artificial intelligence (€500 million), respectively. For the second year running, Viva Technology and ..read more

In June 2023, the Insurance Development Forum (IDF) convened high-level global experts from governments, international organizations, civil society and academia at the IDF Summit in Zurich to chart the path towards delivering greater financial climate resilience and inclusivity. As climate change continues to intensify, the Summit's theme of “Ambition, Action & Impact” captured the urgency with which global actors must move to deliver the Sustainable Development Goals – especially those most vulnerable to the effects of climate change. The Summit focused on how partnerships among public ..read more

From July 10-14, GIIF, in collaboration with Gallagher Re, organized a study tour to Morocco as part of a capacity-building program for public and private sector stakeholders working on agriculture-based index insurance products in West African francophone countries. The overarching goal of this program is to evaluate the primary challenges in developing agricultural insurance in West Africa and identify the most promising solutions to address these issues. For the study tour, the South-South knowledge-sharing exchange brought together participants from Burkina Faso, DRC, Niger, and Senegal ..read more