Global Index Insurance Facility (GIIF) is an innovative IFC-led, funded by EC program, that is expanding access to insurance for natural disasters and weather risks in developing countries.
Insurance providers in developing regions rarely offer the hazard insurance familiar to industrialized countries. Developing countries are particularly exposed to weather and catastrophic (CAT) risks such...
Section one of the paper provides a broad overview of the nature and objectives of the projects. Section two contains an objective view of the impact of FIRST funded projects on the growth in insurance...
Zambia continued to face slower growth in 2016. Tough global conditions have combined with domestic challenges including power outages and tight liquidity. The forthcoming National development plan should...
This brief talks about the weather-related index insurance market in Sri Lanka. Thirty-two percent of Sri Lanka’s labor force is in the agricultural sector, and it accounts for 10 percent of Gross domestic...
This brief talks about the natural catastrophe and weather index insurance in Haiti. Haiti is one of the most disaster-prone countries in the world with earthquakes, hurricanes and flashfloods. MiCRO is...
This study explores the feasibility of weather index insurance (WII) in providing cost-effective ways for rural dwellers to manage risk and better cope with catastrophic events. The case study analyzed...
This brief talks about Sanasa agriculture insurance in Sri Lanka. Historically, agriculture has always been a key economic activity in Sri Lanka, employing over 30 percent of the labor force. As Sri Lanka...
This brief talks about weather index insurance in Rwanda. Agriculture in Rwanda accounts for one-third of Rwanda’s Gross domestic product (GDP) and constitutes the main economic activity for rural households...
In Mozambique, agriculture accounts for approximately 32 percent of gross domestic product (GDP) and involves over 81 percent of the population. Yet, only a fraction of Mozambique’s potentially arable...
Agricultural index insurance offers the promise of an affordable and sustainable insurance product for farmers that can help reduce their vulnerability to aggregate agricultural shocks such as large-scale...
Weather risk and incomplete insurance markets are significant contributors to poverty for rural households in developing countries. Weather index insurance has emerged as a possible tool for overcoming...
Although weather shocks are a major source of income fluctuation, most of the world's poor lack insurance coverage against them. Absence of formal insurance contributes to poverty traps, as investment...
Although weather shocks are a major source of income fluctuation, most of the world's poor lack insurance coverage against them. Absence of formal insurance contributes to poverty traps, as investment...
The financial impact of disasters caused by natural hazards is growing. Financial losses from natural disasters continue to rise with developing countries and their low-income populations feeling the greatest...
Farmers in developing countries face a wide array of risks. Yet they often lack formal financial instruments to protect against risks. This paper examines the impact on consumption, investment, and welfare...