Global Index Insurance Facility

completed

The project will implement a public-private programmatic strategy to develop index insurance in the Dominican Republic. Project activities will include a combination of the following: (i) development of agroclimatic data information systems and their management by the public sector; (ii) clarification of public policy on agricultural insurance, including the related subsidies ability to support the development of the index insurance market; and (iii) delivery of advisory services to develop portfolio index insurance products with public and private insurance companies for public and private banks and MFIs and potentially to other farmer aggregators to insure their agricultural portfolios against natural disasters, including in-depth trainings on index insurance development and scaling-up, and (iv) awareness raising and knowledge dissemination on applications for index insurance at a sector-wide level.