Events
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Sep
12
Year:
2023
The Four-Day “Symposium on Index Insurance and Disaster Risk Financing in French-speaking Africa” came to a successful close in Dakar, Senegal this weekend ( September, 12-15). The program, which hosted almost 100 delegates from over 15 countries, was developed and executed by the World Bank’s Disaster Risk Financing and Insurance Program (DRFIP), supported by the World Bank’s Global Index Insurance Facility (GIIF) Program. The objective of the program was to initiate knowledge exchange and experience sharing with government officials and related stakeholders on the development and use of
Feb
20
Year:
2023
During 20 – 24 February 2023, the Federation of African National Insurance Companies (known as FANAF, by its French acronym) organized its 47th General Assembly in Kinshasa, Democratic Republic of Congo. Themed: "African insurance: how to maximize its potential for shared prosperity," the event convened nearly 1,000 delegates. Four sub-themes were elaborated on by industry experts through four interactive panel discussions. These were: • Panel 1: The factors blocking microinsurance: what prospects for its development?• Panel 2: Compulsory insurance in FANAF countries• Panel 3: How to integrate
Oct
26
Year:
2022
Africa is in a highly risky position in terms of climate change. Most production is rainfall dependent. It is estimated that the continent will remain food insecure and lose a significant portion of the GDP by 2030 due to increasingly unpredictable climate events. A possible solution to improve livelihoods is increasing access to finance, climate smart agricultural services, and climate insurance. Climate or agricultural insurance coverage in Africa is quite low and there is need to increase penetration to improve resilience to the effects of climate change. Therefore, issues around risk
Jul
25
Year:
2022
The agriculture and agro-processing sectors are the mainstay of Madagascar’s economy, accounting for about 24 percent of GDP in 2020. About 80 percent of the country’s population is involved in agriculture. However, due to its geographical location, Madagascar is largely affected by natural disasters, including droughts, cyclones, and floods, which threaten agricultural productivity. The International Finance Corporation (IFC) is organizing a workshop to disseminate key results of the Madagascar Agriculture Insurance Diagnostic in partnership with the Ministry of Agriculture and Livestock
Jun
8
Year:
2022
WBG’s Global Index Insurance Facility (GIIF) and the Wageningen University & Research (WuR) will brief participants on a recently completed review of GIIF’s engagement in Kenya, to understand farmers’ knowledge, perception, and utilization of insurance as well as satisfaction of GIIF’s supported activities in the country. The goal is to review lessons learned and to receive guidance towards the implementation of GIIF’s future activities in the country, as well as to have an overall understanding of ways to better develop and improve products and services as part of the Program’s pipeline work