Advanced

South Asia

India: Innovation & Technology

India: Innovation & Technology

Date:
Author:
GIZ
Topics:
Innovation & Technology
The high transaction costs of serving low-income clients in developing and emerging market economies demand innovative approaches and technological advancements. Challenges that inflate operational costs include data collection, processing and management, premium payment mechanisms as well as claims verification and settlement. Index insurance products, mobile payment devices or more accurate weather and agricultural-yield information based on satellite data are examples of innovative approaches that can help to overcome these challenges
Read More
RISP – Rural Insurance Services Programme

RISP – Rural Insurance Services Programme

Date:
Author:
GIZ
The core objective is to strengthen insurance services that support the risk management needs of rural households.
Read More
RIICE – Remote sensing-based Information and Insurance for Crops in Emerging economies

RIICE – Remote sensing-based Information and Insurance for Crops in Emerging economies

Date:
Author:
GIZ
The core objective is to provide better information on rice crop growth for food security policy and to reduce the vulnerability of smallholders in rice production caused by natural catastrophes.
Read More
East Africa – Peru – India Climate Capacities (EPICC): Climate Capacity Building: Risk Anticipation and Minimization

East Africa – Peru – India Climate Capacities (EPICC): Climate Capacity Building: Risk Anticipation and Minimization

Date:
Author:
PIK, TERI, DWD.
The overall aim of the project is to strengthen resilience against disruptive weather phenomena and climate change at the national, regional and local level in three partner countries: Tanzania, Peru, India.
Read More
Climate and Catastrophe Risk Assessment

Climate and Catastrophe Risk Assessment

Date:
Author:
Oasis
The overall aim of the project is to co-develop new catastrophe risk models for floods in the Philippines and cyclone in Bangladesh, and to quantify the impacts of climate change on flood risk, to support risk management decisions and risk-based financing.
Read More
Agriculture Insuretech Innovation Challenge and Forum

Agriculture Insuretech Innovation Challenge and Forum

Published on:
Topics:
General
Product design
Other
The potential of agriculture and insurance is greatly restricted by many challenges faced throughout the product lifecycle - from product design to client delivery to claim processing. Insuretech, at the intersection of insurance and technology, holds the potential to overcome those challenges and transform the insurance landscape. Integrating Insuretech innovations with agriculture insurance promises to enhance product design, improve sales and distribution, facilitate premium collection, and optimize servicing and claims processing. To leverage innovative solutions, the Global Index
Read More

Green Delta Insurance Introduces Weather Index insurance in Bangladesh

Content owner:
https://www.youtube.com/watch
Green Delta Insurance Company, in cooperation with GIIF and IFC, pioneered weather index insurance in Bangladesh with an aim to mitigate farmers’ risks and losses associated with uncertain weather changes. This video summarizes key elements of the index product and its benefits to farmers combat climate risks.
Read More

Weather Index Based Agriculture Insurance by Green Delta

Content owner:
https://www.youtube.com/watch
Green Delta Insurance Company, in cooperation with GIIF and IFC, pioneered agriculture insurance in Bangladesh with an aim to mitigate farmers’ risks and losses associated with uncertain weather changes. Before the launch of the agri-insurance on 8th December 2018, pilot projects in 8 districts were run across Bangladesh for last 3 years, with the support of Business Finance for Poor-Bangladesh (BFP-B) Challenge Fund & Agriculture Value Chain Project of USAID. The video features a short documentary of one such pilot project conducted at Chitolmari village of Bagerhat District.
Read More
Conversation with the Specialist: Punjab Agriculture and Rural Transformation Program
29
Oct

Conversation with the Specialist: Punjab Agriculture and Rural Transformation Program

Pavis Devahasadin
General
Product design
Weather index
Vijayasekar Kalavakonda, GIIF Senior Financial Sector Specialist, talks about current GIIF's activity in Pakistan. Could you please tell us about what the Global Index Insurance Facility is doing in Pakistan? The “ Punjab Agriculture and Rural Transformation Project" is currently under implementation after it was approved in December 2017. Led by the World Bank Group’s Agriculture Practice, the project aims at increasing the productivity of crop and livestock farmers, improving their climate resilience, and fostering agribusiness development in the Punjab Province of Pakistan. Global Index
Read More
Asia Regional Index Insurance Training in Colombo

Asia Regional Index Insurance Training in Colombo

Content owner:
Global Index Insurance Facility
Author:
Rathnija Arandara, Savani Milupa Jayasooriya, Mohamed Rizwan Rizvi, and Pavis Devahasadin na Ayutaya
Topics:
General
With each passing year, the risks of unabated climate change are mounting. Climate change will not only make it more difficult to feed the projected 10 billion people by 2050, but its impact is already being felt in the form of reduced yields and more frequent extreme weather events that affect crops and livestock. Providing risk mitigation solutions such as agriculture insurance for the farming community to be able to face the impacts of natural disasters is, therefore, significant. More than 30 participants from eleven countries from across Africa, Asia and Europe gathered in Colombo, Sri
Read More