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Enhance knowledge and capacity for index insurance

There have been many initiatives to pull the rural poor in the developing countries out of poverty by increasing the productivity of smallholders, for example through the use of better equipment, agricultural inputs and warehousing, and improved links to markets. However, farmers’ exposure to risks, such as drought or flooding, often keep the rural poor from engaging in the very activities that might make them more resilient and improve their economic wellbeing.  The World Bank Group’s Global Index Insurance Facility (GIIF) has made significant progress to support innovations and promote new approaches to managing risks through its partners. The partnership between the GIIF and the ILO’s Impact Insurance Facility draws out key lessons from the experiences of the GIIF partners that have the potential to impact agricultural insurance as an industry.

This engagement is both at the global and local levels. International partners of GIIF are formed into a global community of practice and knowledge products are disseminated globally to the broader microinsurance sector. At the local level, countries from Asia, Africa and Latin America are the focus of capacity building interventions to enable microinsurance providers and channels to offer high quality products that address the needs of the rural poor. Consumer education activities are also organized among rural farmers to increase their understanding of microinsurance as a risk management mechanism. In addition, facilitated knowledge exchange between practitioners, helps them to learn and benefit from each other’s experiences 

Purpose: To improve the delivery of index insurance to farmers and their families as well as businesses, through the extraction, dissemination and promotion of lessons mainly from GIIF partners and to strengthen microinsurance markets in countries that have a strong index insurance potential.


The partnership has two main components spanning a period of three years.

  • Managing knowledge in index insurance
    • Building and sustaining a Community of Index Insurance Practitioners (CIIP)
      • A launch activity to discuss key issues and operations of the CIIP
      • Virtual meetings and webinars where members share their experience, followed by online discussions
      • Annual peer exchange visits among CIIP members where CIIP members are immersed in the context and operations of a host organization.
      • Online spaces where CIIP members  can share insights, updates  and relevant documents, as well as have online discussions like the Index Insurance Forum and the GIIF LinkedIn Group.
      • Annual knowledge sharing meetings where good practices and challenges are discussed
    • Packaging lessons learned in index insurance practice
      • Customization and roll out of action research and lessons extraction tool among GIIF partners
      • Production of thematic briefs, emerging insights and training modules that convert lessons into actionable tools
    • Disseminating and sharing lessons and knowledge to the broader insurance community
      • Online dissemination of knowledge products
      • Conducting public webinars to disseminate lessons learned
      • Organizing a knowledge sharing activities
  • Strengthening markets for effective index insurance
    • Training practitioners on foundational skills in insurance
    • Building an insurance culture among consumers
    • Promoting a client-centric insurance 


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