As climate shocks increasingly threaten livelihoods across Africa, the need for innovative risk transfer solutions has never been greater. Against this backdrop, Africa Re, in partnership with IFC, convened a three-day Agriculture and Climate Insurance Workshop from November 4–6 to explore strategies for strengthening agricultural resilience and expanding insurance coverage for farmers and agribusinesses across sub-Saharan Africa. The event brought together insurers, reinsurers, government agencies, development partners, and insurtechs to share knowledge, discuss challenges, and strategize on

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

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