GlobalAgRisk milestone accomplishments have inspired governments, development institutions, and the private sector to replicate and expand sustainable risk transfer solutions throughout the world.  GlobalAgRisk:

  • Contributed to the design of World Bank’s first index insurance projects beginning in 1997
  • Designed and acted as lead adviser for the globally acclaimed Index-based Livestock Insurance Program (Mongolia) since 2001
  • Contributed to the design of the first derivative contract for food security (Ethiopia 2006), which served as a starting point for the African Risk Capacity
  • Designed a parametric product against floods for a financial instituion to increase financial inclusion (Mekong Delta, Vietnam)
  • Designed and launched the world’s first regulated insurance product that pays before the disaster, so called forecast insurance (Peru)
  • Designed an insurance contract that uses sea surface temperature for financial institutions to increase financial inclusion and climate resilience (Peru)
  • Risk modelling and design of parametric product against earthquake risk for financial institutions to increase financial inclusion (Indonesia)



  • Portfolio Protection against Earthquake Disaster

    GlobalAgRisk, in collaboration with  PT. Asuransi MAIPARK Indonesia and Aon Benfield Asia Pacific, is developing index-based earthquake insurance in Indonesia to strengthen the resiliency of the financial sector that serves lower income households and small and medium enterprises. Earthquakes can have profound impacts on bank operations, depleting the bank’s capital base, reducing liquidity, and lowering profits. The product called “EQII,” or “Earthquake Index Insurance,” is designed to transfer portfolio risks of financial institutions, enabling them to expand access to financial services in vulnerable, under-served areas and to aid in local recovery through continued lending after an earthquake event. 

  • State of Knowledge Report —
    Data Requirements for the Design of Weather Index Insurance

    This report is the first in a series of thematic research reports on innovation in catastrophic weather insurance that are being developed by GlobalAgRisk through the support of the Bill and Melinda Gates Foundation. The SKR examines how weather index insurance products can be designed to compensate for data limitations within contextual considerations and poses questions for further research.

  • Skees' Presentation
    Rethinking the Role of Index Insurance — Accessing Markets for the Poor

    African Agricultural Economics Preconference on Index Insurance

    The Weather Index Insurance Workshop(Workshop Program and Summary of Objectives) took place on September 18, 2010, in Cape Town, South Africa, and was sponsored by the Alliance for a Green Revolution in Africa (AGRA). Skees' presentation addresses GlobalAgRisk's current thinking in regard to the promise and challenges of weather index insurance and highlights GlobalAgRisk's experience designing and developing Index-based Livestock Insurance (IBLI) in Mongolia, and the El Niño Insurance in Peru.

  • Portfolio Protection against Earthquake Disaster