As global risks intensify, from extreme weather events and resource scarcity to economic volatility and supply chain disruptions, their impacts are projected to vary significantly across regions. Strengthening adaptation and resilience to these evolving risks has therefore become a global priority. Analyses by S&P Global (2023) and the World Bank (2022) highlight that the economic effects of climate and environmental risks will be highly uneven. By 2050, these physical risks could place up to 10–18% of GDP at risk in South Asia, compared with around 6–8% in Sub-Saharan Africa and the Middle

We are launching a series of country highlights to showcase the progress and impact of initiatives across the globe. Each spotlight demonstrates how GIIF partners with local insurers, governments, and communities to expand access to inclusive insurance, strengthen financial resilience, and empower vulnerable populations to better manage risks and thrive in the face of climate and economic challenges. These highlights also provide a valuable opportunity to reflect on lessons learned and identify areas to improve our work and maximize impact. Zambia Country Highlights The first spotlight

How do we turn global knowledge into local action? Discover how the DRF Executive Education Program—under the WBG Academy—brought together 14 countries, global partners, and academic institutions to co-create solutions for disaster risk finance. This snapshot highlights key lessons, innovative tools, and the power of public-private partnerships to accelerate reforms. 👉 Click to explore the highlights and outcomes.

Date: October 14, 2024 Time: 1:00 – 3:00 PM Location: Cairo, Egypt The session titled “The Role of Insurance in Advancing Financial Solutions for Sustainable Agriculture and Food Security in Africa” took place in Cairo on October 14, 2024. This significant event brought together industry leaders to explore innovative solutions to the challenges facing Africa's agricultural sector. The panel included distinguished speakers: Florence Boupda, Global Banking and Insurance Manager at IFC; Dr. Islam Azzam, Vice Chairman of the Financial Regulatory Authority of Egypt; Dr. Corneille Karekezi, CEO of

The document provides an extensive overview of the collaborative efforts between the Advisory and Investment teams at IFC, emphasizing their support for innovative agricultural insurance initiatives in developing countries. It delves into the transformative impact of these initiatives, beginning with the initial backing of Kilimo Salama in Kenya, followed by the scaling-up phase and IFC's 2024 investment in Pula. Through interviews with key figures like Florence P. Boupda, Fatou Assah, and Zeeshan Vazeer, the document highlights the strategic role of advisory services in identifying clients

A delegation from the Philippine Government visited Madrid, Spain to learn about private-public partnerships in agricultural insurance. The visit aimed to support ongoing reforms in the Philippines and explore the role of the private sector in agricultural insurance. Currently, agricultural insurance in the Philippines is implemented by the public-sector insurer, but only one third of farmers and fisherfolk are insured. The government plans to make major reforms to increase cost-efficiency and value for farmers. The Spanish agricultural insurance scheme, managed by AGROSEGURO, is considered a

We invite you to delve into the insightful symposium on index insurance and disaster risk financing for French-speaking countries, which took place in Dakar, Senegal. This event brought together over 120 participants from 15+ African nations, including experts, representatives, and stakeholders, to discuss innovative financial solutions for enhancing farmers' resilience to climate-related risks. 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

Located in the heart of Africa, with a land surface area of 2.3 million km2, the Democratic Republic of Congo (DRC) is the largest country in Sub-Saharan Africa (SSA) with rich soil and subsoil; over 80 million ha of fertile and arable land and 52 percent of all freshwater resources in SSA. Agriculture accounts for about 20 percent of GDP and employs some 70-75 percent of the economically active population[1]. DRC could potentially feed the entire African continent, yet it is currently unable to adequately feed its own population. The immense potential of the agricultural sector as a vehicle

ASSOCIATION OF KENYA INSURERS AND ASSOCIATION OF KENYA REINSURERS ORGANIZE THE KENYA AGRICULTURE INSURANCE TRAINING SESSIONS From May 10 th to July 29 th, 2021, the Association of Kenya Insurers (AKI) and the Association of Kenyan Reinsurers organized the ‘Kenya Agriculture Insurance Training’: a series of virtual training sessions focused on developing the agriculture underwriting skills of insurers, brokers, claims- and business development staff, analysts, actuaries, and students in agriculture and insurance. Webinars like this are aligned with the main sponsor (AKI)’s mission which seeks

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