The potential role of disaster insurance for disaster risk reduction and climate change adaptation

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The purpose of this paper is to explore the potential role of Index-based Disaster Insurance as a tool for climate change adaptation and social protection in developing countries. The paper will first provide an overview of recently piloted micro policies and macro policies. It will then outline several limitations of the micro approach as a tool for social protection, and move on to discuss the macro approach and its potential as a more sustainable instrument for humanitarian intervention.

Regulation and supervision of microfinance business in Ethiopia: Achievements, challenges and prospects

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Until 1996, the provision of microfinance services in Ethiopia has been carried out mostly by donor funded programs through NGOs and government institutions. Most of the time a poverty lending approach was followed with subsidized interest rates. This practice has undermined loan collection performance leading to huge default and hence weakened the development of self-sustaining MFIs.

Building an inclusive insurance market in Ethiopia

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This paper describes what is needed in order to build an inclusive insurance market in Ethiopia. The author argues that several factors including, but not limited to ensuring synergy with other national policy initiatives directed at poverty alleviation, identification providers of cover and cost effective delivery channels, extensive promotion of public awareness of insurance, ensuring viability and sustainability of microinsurance business and at the same time ensuring affordability, are extremely important in order to build up an inclusive insurance market.

Robust decision making for sustainable and scale drought Index-based microinsurance in Ethiopia: Reducing weather related disaster risk with rural agro-insurance, in Microinsurance: An innovative tool for risk and disaster reduction

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The scope of the book is both to investigate the linkage between disaster risk reduction and Microinsurance and to address possible combinations of loans, savings and insurance schemes for low-income people to provide them with appropriate solutions for at least a partial risk reduction. The book provides an overview on the status and strategies of implementation in various risk sectors (life, health and natural disaster risks), highlighting existing methods, best practices and specific case studies of Microinsurance programmes and initiatives.

Index Insurance in Ethiopia, in The Potential for scale and sustainability in weather Index Insurance

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The Weather Risk Management Facility, a joint undertaking of IFAD and WFP, reviewed a range of recent experiences with index insurance programmes around the world, analysing the key actors, features of the products, and their successes and challenges. These pilot programmes have demonstrated the great potential of index insurance as a risk-management tool. They suggest that index insurance could not only provide an additional effective, market-mediated solution to promote agricultural development, but it could also make disaster relief more effective.

Ethiopia country diagnosis: Opportunities and challenges for microinsurance in Ethiopia: An Analysis of the supply, demand and regulatory environment

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Microinsurance may support poverty alleviation by protecting the assets, income and productivity of low-income households. This study considers the potential role, opportunities and challenges for developing a microinsurance market in Ethiopia. The aim of the study is to develop as comprehensive as possible an information base of the current market dynamics as well as an assessment of the opportunities and challenges for microinsurance in Ethiopia.

Pricing microinsurance products in Ethiopia

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A current project in Milliman’s MicroAssist initiative is helping Ethiopian insurance organizations put in place actuarial standards for pricing microinsurance products. Milliman undertook this project in cooperation with the Microinsurance Innovation Facility of the International Labor Organization (ILO). The article discusses the government’s involvement in microinsurance.

Risk, coping mechanisms, and factors in the demand for micro-insurance in Ethiopia

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This paper is the result of a policy study carried out for the International Labour Organization (ILO) and the United Nations Capital Development Fund (UNCDF), to determine how microinsurance can help Ethiopia’s poor become more resilient to negative financial shocks. The research focuses on the demand components of microinsurance, and investigates two main research questions: Do low-income households in Ethiopia need insurance? If so, would they be willing to buy it if it were made widely available?The study answered these two questions through a literature review and quali

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