HARA is an agriculture technology (Agtech) startup from Indonesia implementing an innovative way to collect and digitalize usually hard-to-acquire data such as information on farmers and their farm characteristics along with local weather to enable financial inclusion. At its essence, HARA is a tech firm creating a mutually beneficial data exchange platform supported by Blockchain, immutable data recording technology. HARA’s data collection mechanism rooted in a robust incentive for high data quality and field engagement equips rural youth with technology to become “Agripreneurs” to serve the

IFA is an agriculture technology (AgTech) company based in Nepal, providing localized agriculture extension services enabled by Information Communications Technology (ICT). Its mission is to scale digital solutions for the agricultural last mile and improve smallholder’s financial inclusion, livelihood and climate resilience. GIIF organized an agriculture Insuretech innovation challenge/competition as a part of an Insuretech fair, which was hosted in Mumbai, India in July 2019. Through this innovation fair, the GIIF aims at improving the understanding of Insuretech, supporting the integration

Niruthi is an Agritech company that offers solutions for monitoring, modeling and forecasting crop conditions through location-specific weather, crop health and crop yields. An array of tools and technologies derived from the Terrestrial Observation and Prediction System (TOPS, developed at NASA) is employed to capture and synchronize data from satellites, mobile phones, drones and automated weather stations to enable machine learning on cloud computing platform. Niruthi provides field-level insights needed by farmers, financial institutions, insurance companies and government agencies. GIIF

Niruthi is an Agritech company that offers solutions for monitoring, modeling and forecasting crop conditions through location-specific weather, crop health and crop yields. An array of tools and technologies derived from the Terrestrial Observation and Prediction System (TOPS, developed at NASA) is employed to capture and synchronize data from satellites, mobile phones, drones and automated weather stations to enable machine learning on cloud computing platform. Niruthi provides field-level insights needed by farmers, financial institutions, insurance companies and government agencies. GIIF

MoooFarm is an agriculture technology (AgTech) company started in Australia with a goal to provide last mile connectivity to dairy farmers through privately led agriculture extension. Currently operational in India, MoooFarm’s A.I. powered mobile app sends real time alerts to farmers to track and monitor cattle health, breeding cycle, productivity and dairy farm performance. The app has built-in mobile camera with facial recognition feature to tag the cattle. GIIF organized an agriculture Insuretech innovation challenge/competition as a part of an Insuretech fair, which was hosted in Mumbai

Stellapps is a Bangalore-based Internet of Things (IoT) firm serving the dairy industry with core mission of “significantly increasing the income of dairy farmers by improving milk productivity, ensuring better milk quality, prices and financial inclusion” through its end-to-end dairy technology solutions. GIIF organized an agriculture Insuretech innovation challenge/competition as a part of an Insuretech fair, which was hosted in Mumbai, India in July 2019. Through this innovation fair, the GIIF aims at improving the understanding of Insuretech, supporting the integration of different

On February 4, 2020, GIIF clients AXA Cameroun and ACTIVA Assurances held the first compensation ceremony for insured cotton farmers who experienced production losses during the 2019 cropping season. The event was organized together with the umbrella association of Cameroonian cotton farmers (CNPCC) and SODECOTON, the main cotton company of Cameroon. The event was sponsored by IFC, through the Global Index Insurance Facility (GIIF). The ceremony was chaired by the Governor of the Northern Region and was marked by an impressive turnout of close to a hundred participants, including staff from

The course topics include critical concepts in named peril index insurance and essential knowledge and tools. Specifically, the part 2 – essential knowledge and tools include but not limited to fundamentals of risk modeling and decision making, basic opportunity assessment, base index product evaluation, product pricing, redesigned index product evaluation, detailed market analysis, and value of insurance to a financier. By the end of the course, participants will be able to 1) appreciate the need for and use of risk modeling and risk metrics in managing index insurance portfolios; 2)

As the first newsletter of 2020, this issue showcased how GIIF is bringing value to clients by featuring selection of country cases, events, publication and interviews.

“Product development is a continuous learning process. When it comes to index insurance for agriculture, product development in the Sri Lankan market has been a challenge, as agriculture here is dependent on dual sources of water: rainfall and irrigation. ‘Index Insurance ： A Viable Solution for Irrigated Farming?’ is an attempt to capture our experience in developing a hybrid index insurance product to address the farmer’s needs in this context, with lessons for replication” (Authors). Funded by the World Bank Group’s Global Index Insurance Facility (GIIF), the index insurance pilot is part