Introduction to Index Insurance

As part of the Global Index Insurance Facility (GIIF)’s mandate to promote financial literacy on agriculture insurance and index-based insurance, the GIIF program is launching eLearning modules to encourage and facilitate self-paced learning on the subject matters.

This project is a collaboration between the GIIF program, various World Bank Group units, and knowledge partners including Columbia University’s International Research Institute for Climate and Society.

This course is designed to provide an overview of the types of insurance available for agriculture. It focuses on the characteristics and benefits of index-based insurance, discusses the challenges of implementing index-based insurance, and provides inputs on how the challenges can be overcome.

Furthermore, the course provides a summary of related issues such as datasets commonly used in index insurance for a range of variables and the various elements of pricing including pricing tools, price quotations, loadings, and reinsurance.

Target Audience

General public, professionals in the insurance and agricultural sectors, policymakers

Learning Objectives

To introduce basic concepts of and information on agriculture and index insurance as well as related topics such as the use of data in product design, pricing, and livestock index insurance