10th Consultative Forum on microinsurance regulation for insurance supervisory authorities, insurance practitioners and policymakers

Scaling up agricultural index insurance in Africa: Building disaster resilience of smallholder farmers

Agricultural index-based insurance has shown some promise in helping smallholder farmers manage production risks. It can also contribute to enhancing national disaster resilience by providing financial protection to a vulnerable community that often forms a large part of developing country populations. However, much more needs to be done to scale up index insurance in a sustainable way. While supervisors in Africa have highlighted the need to build expertise in this area and explore suitable measures to ensure customers are treated fairly. This Forum hosted by the African Insurance Organisation, the International Association of Insurance Supervisors (IAIS), the Access to Insurance Initiative (A2ii) and the Microinsurance Network (MIN), will focus on the challenges and opportunities of agricultural index-based insurance and explore how the various stakeholders - insurance supervisors, the industry, policymakers and donors - can cooperate and align their respective roles to achieve sustainability and scale while ensuring fair treatment of smallholder farmers. This Forum will build on insights from the Asia Pacific region, based on the 9th Consultative Forum on the same topic which took place in March 2017 in Singapore. The objective of the Forum is to stimulate dialogue between policymakers, supervisors and the industry that is critical in fostering knowledge and sound policymaking in the field of inclusive insurance. For more information, please visit the event website.