New climate insurance initiative launches for Africa and Asia

New climate insurance initiative launches for Africa and Asia

New climate insurance initiative launches for Africa and Asia

Parametric and index-based risk transfer startup Global Parametrics has launched the Natural Disaster Fund, through an innovative climate insurance initiative backed by the UK and German governments. The initiative uses bespoke parametric risk transfer and advanced climate risk modelling developed by Global Parametrics to support offerings that deliver affordable insurance-style solutions to smallholder farmers in six countries in Africa and…

Pilot launched for disease and epidemic insurance

Pilot launched for disease and epidemic insurance

Pilot launched for disease and epidemic insurance

African Risk Capacity (ARC) has begun a pilot to roll out parametric insurance cover against disease outbreaks and epidemics. San Francisco-based Metabiota has launched its risk modelling work for an ARC outbreak and epidemic insurance product, first announced by ARC last October. ARC has been looking to expand its remit beyond its drought product in order to diversify and therefore…

Lighting up Africa essential for lowering risks

Lighting up Africa essential for lowering risks

Lighting up Africa essential for lowering risks

The African Development Bank plans to reach 29.3 million people in African with electricity by 2020 and has called for the UN to provide support for insurance to help develop climate risk insurance, as part of that development. Bank president Akinwumi Adesina has promised support, saying it is “crucially important” and indicated that it requires a new way of tackling…

Climate insurance programme launches to aid four million people

Climate insurance programme launches to aid four million people

Climate insurance programme launches to aid four million people

The UK government, together with VisionFund international KfW and BlueOrchard Finance, has set up a new climate insurance programme to help up to four million people across Africa and Asia. More than 690,000 families living in six low-income countries stand to benefit from the programme launched by VisionFund International, World Vision’s microfinance arm, and Global Parametrics, a new venture funded…

Parametric insurance proposed for Morocco to protect against drought

Parametric insurance proposed for Morocco to protect against drought

Parametric insurance proposed for Morocco to protect against drought

The Moroccan government is a step nearer a parametric insurance solution to protect against drought – one of the largest risks facing Moroccan farmers. Following an international call for tenders, French consultant Finactu has been selected to support the Ministry of Agriculture, Maritime Fisheries, Rural Development and Water & Forests in setting up and monitoring parametric insurance against the consequences…

Insurance provides added support in wake of natural catastrophes

Insurance provides added support in wake of natural catastrophes

Insurance provides added support in wake of natural catastrophes

New insurance mechanisms are emerging for Africa as the world grapples with the aftermath of natural catastrophes and as the risks associated with climate change come into sharper focus. This month, the German city of Bonn will be the venue for the United Nations Climate Change Conference (COP23). Playing host at the event, however, is the small island state of Fiji.…

Insurance plays key role in aiding emerging economies

Insurance plays key role in aiding emerging economies

Insurance plays key role in aiding emerging economies

Insurance does help improve the quality of life in emerging countries, according to a new body of study. The latest sigma report from Swiss Re, Insurance: adding value to development in emerging markets says every year, 100 million people around the world fall into poverty because of out-of-pocket spending on medical treatment. Case studies indicate that insurance can help mitigate…

Agriculture on cusp of revolutionising economies

Agriculture on cusp of revolutionising economies

Agriculture on cusp of revolutionising economies

The food market in Africa could be worth more than $1trn a year by 2030, according to a new report. However, the report’s authors conclude that, although progress is being made, Africa needs to pick up the pace if it is to compete globally and turn itself from importer to exporter by feeding its people with food made in the…

African agriculture must become a business

African agriculture must become a business

African agriculture must become a business

Agriculture needs to become a business, not a way of life, if Africa is to reap the potential from the sector, according to the president of the African Development Bank (AfDB). Akinwumi Adesina is championing the transformation of the rural economies of African countries as the fastest way to lift millions of people out of poverty. Speaking on a visit…

Africa could lead way in insurance transformation

Africa could lead way in insurance transformation

Africa could lead way in insurance transformation

Africa is digital in nature and stands to leapfrog more mature markets in terms of transformation, Oliver Bäte, CEO of Allianz SE, told delegates at the 44th annual Insurance Conference in Sun City, South Africa, Mr Bäte addressed the profound transformation of the insurance industry wrought by digitalisation. “In today’s fast-changing world, it’s critical to innovate quickly and to change…

1 2 3 5