NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

The International Association of Insurance Supervisors (IAIS), the Access to Insurance Initiative (A2ii) and the Network are co-organising the 9th Consultative Forum on “Exploring challenges in scaling up insurance as a disaster resilience strategy for smallholder farmers”, to be held in Singapore on the afternoon of Tuesday, 14th of March.

Agricultural index-based insurance has shown promising developments for smallholder farmers so far. In addition to helping farmers manage day-to-day production risks, it also contributes to national disaster resilience by providing financial protection to a vulnerable community that often forms a large part of developing country populations. However, recent discussions among regional policymakers have revealed challenges in scaling up index insurance in a sustainable way. This Forum will discuss these challenges while highlighting how three equally critical stakeholders – insurance supervisors, policymakers and the industry – can cooperate and align their respective roles in addressing these challenges.