Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Global insurance index formed by World Bank

18 January 2010

Units of the World Bank have launched a Global Index Insurance Facility (GIIF) designed to enable clearly defined natural catastrophe/weather related insurance cover to be offered to the developing world.

The International Finance Corporation (IFC), and the International Bank for Reconstruction and Development say the GIIF can be used with local insurers and financial institutions to build capacity against natural catastrophes.

In an announcement, the IFC explained: "Insurance providers in Africa and other developing regions rarely offer the hazard insurance...

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