Creating Opportunity Where It's Needed Most
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Financial Institutions

In partnership with

 

  

GIIF is funded by the European Union, Japan and the Netherlands.

 

The EU is the primary donor partner to the GIIF Trust Fund with a focus on the African, Caribbean and Pacific Group of States (ACP). The governments of Japan and the Netherlands are providing additional support to different regions/countries where IFC operates.

Global Index Insurance Facility

 

Overview

 

FAQ Index Insurance

 

GIIF Projects by Region

 

Technical Partners

Data Providers


GIIF implementing partners use a variety of data providers for historical and settlement weather and other index data, including:

 

  • Ground weather stations set up by the implementing partners, and some owned by governments
  • Satellite technology
  • Ministries of Agriculture meteorological departments for area yield data
  • Richter scale for seismic activity

 

Limited ground weather data and infrastructure motivated GIIF’s implementing partners to seek partnerships with scientists and technical specialists with special skills in satellite data processing and product design. Most of the GIIF implementing partners are using a mix of weather stations and satellites. Ground weather station data can be used for product design or verification of micro climates. The use of satellite data is imperative given the low weather station density of micro-climates in most developing countries.

 

GIIF implementing partners are working with a variety of satellite technology and contract design specialists who work with weather and catastrophic data from Meteosat Meteorological Services and NASA to design index insurance products. These specialists include:

 

 

Through these partnerships, innovative weather and catastrophic data solutions - combining ground data through weather stations and satellite technology - are being tested.

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