The future of impact insurance

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The ILO’s Impact Insurance Facility is celebrating ten years of supporting the insurance industry to contribute to social and economic development. Over this period, the Facility have grown and evolved alongside the industry. Markets, products, players and technology have drastically changed during the past decade. Now it is time to scan the horizon and see what lies ahead.

Ten years of Impact Insurance

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The ILO's Impact Insurance Facility is celebrating its ten-year anniversary in 2018. Over the last ten years, we have grown with the industry. Despite a drastically changed environment, many products, technologies and players that took their first steps with us a decade ago are now well established, while other promising initiatives are just beginning. Together, we are proud of this decade-long journey to reclaim the important role of insurance as a vital contributor to social and economic development.

Using Satellite Data to Scale Smallholder Agricultural Insurance

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Smallholder families that use agricultural insurance can increase investments in more productive farming and nonfarming ventures as they feel more confident in managing related risks. However, significantly scaling the use of agricultural insurance among smallholders has been difficult in many parts of the world, especially in Africa.
 
This paper looks beyond the excitement of the vast possibilities for satellite data applications to promote scale in smallholder agricultural insurance.

11th Consultative Forum Note: Scaling up insurance as a disaster resilience strategy for smallholder farmers in Latin America

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This briefing note summarises the key findings and lessons learned discussed during the 11th Consultative Forum which took place in Lima, Peru on November 6, 2017 with the aim of fostering sound policymaking for the development and scaling up of agricultural insurance across the Latin American region. The Forum was the last of a three-event series organised in 2017 on the topic of agricultural insurance as a tool for disaster resilience in the three developing regions of Asia, Africa and Latin America. 

The Landscape of Microinsurance in Latin America and the Caribbean 2017 - Preliminary Briefing Note

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This preliminary briefing note summarises some of the key insights and trends from the 2017 Landscape of Microinsurance in Latin America and the Caribbean study which will be published in the first quarter of 2018. Like the 2014 study, it comprises data from both primary sources and secondary research on the 21 largest markets in the region. The data collected through this study indicates that, as of December 2016, about 8.2% of the Latin American population had at least one microinsurance policy. An estimated total of 52.1 million people are now insured.

10th Consultative Forum Note: Scaling up agricultural index insurance in Africa - Building disaster resilience of smallholder farmers

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The 10th Consultative Forum which took place in Kampala, Uganda on May 24 and 25 2017 brought together high-ranking representatives from African insurance supervisory authorities, the industry and the public sector to discuss “Scaling up agricultural index insurance in Africa: Building disaster resilience of smallholder farmers”.
 
This Forum Briefing Note provides a summary of the key takeaways from the event and outlines recommendations for action for the industry and regulators.

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