[Microinsurancefocus] IFC & Partners Launch Global Index Insurance Facility - Call for Expressions of Interest

[Info Microinsurancenetwork]

IFC, in partnership with the European Commission and the Netherlands’
Ministry of Foreign Affairs, launched on December 2, a program to help
farmers and others in developing countries more easily access insurance for
natural disasters to protect themselves from weather-related risks. IFC is
a member of the World Bank Group.

The Global Index Insurance Facility is an index-based insurance scheme that
insures against certain catastrophic events, depending on their severity.
For example, insurance will be paid out in the event of a wind storm of a
certain category, or an earthquake registering a certain magnitude on the
Richter scale.

Index-linked insurance products eliminate the need for insurance companies
to individually verify claims, reducing transaction costs and making it
easier for them to offer products and services in rural communities and in
frontier regions, where insurance is rarely available.

See Press Release:
http://www.ifc.org/ifcext/media.nsf/content/SelectedPressRelease?OpenDocument&UNID=F9996ACE0AFCD73C8525768000544BB7

For more information about working with GIIF, including the current request
for expressions of interest (Deadline Jan. 31, 2009) visit:
http://www.ifc.org/GIIF

Request for Expression of Interest for Local Capacity Building:
http://ifchq14.ifc.org/ifcext/gfm.nsf/Content/Insurance-GIIF-WorkingWith




                                                                                              
 ____________________________________________________________________________________________ 
 Leila F. Search                                                                              
 Knowledge Management & Communications                                                        
 IFC Advisory Services - Access to Finance                                                    
 2121 Pennsylvania Ave., NW                                                                   
 Washington, DC 20433                                                                         
 Tel: +1 (202) 473-7511 Fax: +1 (202) 974-4834 Cell: +1 (202) 373-8093                        
 E-mail: lsearch at ifc.org Web: www.ifc.org/accesstofinance                                     
                                                                                              
 IFC is a member of the World Bank Group                                                      
                                                                                              
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