Droughts, floods, and extreme temperatures are putting smallholder farmers in Zambia at risk, causing crop losses, income instability, and food insecurity. To address this, IFC – International Finance Corporation and its partners are working to provide climate insurance to over 1.5 million farmers, helping them recover faster from climate shocks. Through the Zambia Inclusive Climate Insurance Project, this funding is offering critical support amid Southern Africa’s worst El Niño-driven dry spell in over a century. In this video, farmers Ednah and Chrispine share their firsthand experiences

In this insightful interview, Antoine Bavandi, Global Head of Public Sector, Parametric, and Climate Resilience Solutions at Gallagher Re, discusses the transformative role of remote sensing and big data in crisis management. He explains how the latest satellite constellations provide real-time data on natural disasters like droughts and floods, enabling timely financial responses. Antoine also explores innovative private sector solutions, such as parametric risk transfer and resilience risk pools, which bridge the gap between technology and practical applications. Finally, he addresses the

Get ready for an insightful discussion with Florence Boupda , the Global Sector Manager for Banking Insurance at the IFC’s Financial Institutions Group (FIG) . In this exclusive interview, we delve into recent deals shaping the insurance sector and how they align with FIG's vision for expansion. Florence highlights the strategic advantages of these deals in line with IFC's sustainability agenda, offering valuable insights into leveraging collaboration between Advisory and Investment Services to pursue further opportunities. Join us as we uncover the strategic roadmap for advancing sustainable

Join us for an engaging interview with Zeeshan Vazeer , Global Head of Insurtech and Senior Industry Specialist for Insurance at IFC’s Financial Institutions Group (FIG) . Zeeshan will explore the strategically important PULA deal within FIG's investment portfolio, discussing its significance and the factors influencing the investment decision. GIIF will also delve into challenges like operational scalability and the importance of trust in local communities. Through this insightful discussion, Zeeshan will analyze the transformative impact of the deal, offering valuable insights into future

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

Introducing the innovative concept of a "chicken bank"! Kivu Kuku is revolutionizing the poultry value chain through local production, solar-powered cold rooms, and organic waste recycling for biogas production. Don't miss the interview to uncover the remarkable journey of Kivu Kuku Poultry Farm, recognized with the 2nd Place at the DRC Agribusiness Challenge, held during the DRC Agribusiness Forum in Kinshasa. Discover more: https://kivukuku.com/

In the face of Cyclone Freddy's destructive aftermath, Jeya Nsinda, a resilient Malawian farmer and mother of three, triumphed over adversity with the invaluable support of climate insurance provided by One Acre Fund. The collaboration between IFC and One Acre Fund is a commendable effort aimed at extending this crucial financial safety net to 1.5 million smallholder farmers, mirroring Jeya's experience, across six African countries by 2025. This initiative is a pivotal component of IFC's Africa Inclusive Insurance Program, which delivers advisory services to various entities, including

Kinshasa, DRC, October 5, 2023 – The DRC Agribusiness Innovation Challenge recognized businesses dedicated to digital technology and circular agriculture as winners in a startup competition organized by the International Finance Corporation (IFC)-led climate insurance program, Global Index Insurance Facility (GIIF). The competition aims to bolster agri-small businesses, support smallholder farmers, and promote the development of climate-smart agriculture in the Democratic Republic of the Congo (DRC). The three triumphant companies emerged from a shortlist of 10 businesses that presented their

IFC concluded two regional insurtech mapping studies in Africa and South-East Asia. The studies provided useful insights on industry trends and investable opportunities. Insurtech is reimagining insurance for incumbent (re)insurers and customers. Key trends include data-driven process optimization, industry-agnostic product development and cloud-based platforms . Usage-based personalized products and personalized customer service platforms such as offered by Naked Insurance are industry-agnostic and provide a large value add applicable across various insurance sectors. Remote claims assessment

The symposium emphasized the development of accurate index designs, the importance of partnerships between governments and the private sector, and the role of financial institutions in distributing index insurance products to farmers. It showcased successful collaborations, such as the National Agricultural Insurance Company of Senegal, which made index insurance accessible to small-scale farmers. The event concluded with a call to action for governments, insurers, financial institutions, and development organizations to work together in expanding the reach of index-based agricultural