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

Monday, May 22, 2017
The 10th Consultative Forum (CF10) on “Scaling up agricultural index insurance in Africa: Building disaster resilience of smallholder farmers” kicks off on 24 May 2017 at the Common Wealth Speke Resort in Kampala. Co-organised by the African Insurance Organisation, (AIO) International Association of Insurance Supervisors (IAIS), the Microinsurance Network, and the Access to insurance initiative (A2ii), the event will bring together over 70 high-ranking representatives from the insurance industry, supervisory authorities and the public sector.
 
“Agricultural index insurance in Sub-Saharan Africa is gaining momentum. Insurance supervisors increasingly recognise the importance of ensuring that this cover is provided responsibly, especially because these initiatives affect the livelihoods of vulnerable small-scale farmers. It is thus important that the insurance is affordable, sustainable and provides value to the farmer”, states Jonathan Dixon, FSB, Chair of the IAIS Regional Committee for Sub-Saharan Africa.
 
“Agricultural index insurance can contribute to a broader risk management strategy to build resilience, and enable farmers to take on productive risks to build economic opportunities. How to unlock this potential in an increasingly complex regulatory environment is a critical question facing many in our region. The consultative forum convenes relevant stakeholders to deepen our understanding of this environment and guide the discussions going forward” explains Mia Thom, Technical Director and Risk Theme Manager, Centre for Financial Regulation and Inclusion (Cenfri). 
 
“We are excited to see this Forum convene for the fifth time in the African region. The high level discussions and continuity of this event mean the Consultative Forum has become the go to place for insurance industry, supervisors and regulators in Africa to address regulatory matters”, highlights Annette Houtekamer-van Dam, Microinsurance Expert at the Microinsurance Network.
 
The Forum will build on the discussions at the 9th Consultative Forum in Singapore and consider the challenges and strategies and lessons for achieving scale, sustainability and providing value for customers for agricultural index insurance. The Forum will take place over two days after the 44th Conference and Annual General Assembly of the African Insurance Organisation. Highlights of the Forum include a panel discussion and a workshop on considering sustainability and client value in designing products and assessing product proposals.
 
“We saw from the feedback from Singapore that supervisors and industry are keen to continue this dialogue, and there is a real appetite to delve into the more concrete aspects of index insurance. In fact many shared that the half day CF Singapore was too short!”, adds Hannah Grant, Head of the Secretariat at the Access to Insurance Initiative (A2ii), a global initiative working to promote access to responsible, inclusive insurance. 
 
Live stream: live stream link available from 14:00 - 17:45 (EAT) 24 May 2017 and  9:00 - 12:30 (EAT) 25 May 2017