GeospatialWorld.net: Satellite-based insurance protects farmers from destructive floods 

It’s a familiar sight from developing nations on our TV screens. Stranded families survey submerged crops and livestock in dismay, as swollen rivers claim their livelihoods. Once hit by such a devastating event, smallholder farmers have little option but to use their savings – or more likely, to seek credit – to shore up their homes and buy new seed for the coming season. With few prospects for any kind of income in the short term, their lives become increasingly precarious, reducing their ability to recover from future shocks.

Most models predict an increase in the frequency of extreme weather events as climate change takes hold, so efforts are needed to strengthen the resilience of vulnerable agricultural communities. The United Nations Global Assessment Report on Disaster Risk Reduction 2015 (GAR15) emphasized the role of risk-sensitive agriculture in strengthening livelihoods and food security. And Goal 11 of the UN Sustainable Development Goals has the objective of “making cities and human settlements inclusive, safe, resilient and sustainable.” But how best can we do this?

 

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Posted by IBFI Admin Monday, September 25, 2017 9:34:00 AM

Wle.cgiar.org: Farmers successfully enrolled in flood insurance program 

More than 200 farming households have enrolled in an Index Based Flood Insurance (IBFI) product in Bihar, India. IBFI, which use satellite technology and modelling, was developed with the help of researchers from the International Water Management Institute (IWMI) with WLE and the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS). 

Payment to registered households will be directly through the bank in case of major flooding. It is estimated the total sum insured will be approximate 5 million INR, or about 78,000USD.

 

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Posted by IBFI Admin Monday, September 25, 2017 9:32:00 AM

Index Based Flood Insurance: Testing Business Model in Agricultural Risk Management Workshop 

Press Release: Almost 75 Crore people in South Asia affected by climate hazards in last decade

New report underlines vulnerability of agriculture to climate hazards

Patna, (June 7, 2017) – Almost 750 million (75 Crore) people in South Asia were affected by a combination of climate hazards in the decade after 2000, according to a new research report by the International Water Management Institute (IWMI). The report further identifies agriculture as the most vulnerable sector.

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Press Release: Satellite based flood insurance product set to be launched in Bihar

Experts meet in Delhi to discuss a new initiative to “future-proof” livelihoods of one million smallholder farmers in South Asia 

(Delhi, December 9):  An innovative Index Based Flood Insurance (IBFI) product was launched today in Delhi at a regional workshop organized by the International Water Management Institute. This insurance product would drastically reduce the time taken for farmers to receive money for claims, from months to weeks.

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IndiaClimateDialogue: Climate impacts hit 750 million South Asians over 10 years

A new study looks at five major impacts of climate change, the sectors and the people most vulnerable

Almost 750 million people in South Asia were affected by floods, droughts, extreme rainfall, heat waves and sea-level rise — all impacts of climate change or worsened by it — in the first decade of this millennium, according to new research by the International Water Management Institute (IWMI).

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Posted by IBFI Admin Thursday, July 20, 2017 3:57:00 PM

New Video – Index Based Flood Insurance 

Every year, millions of Indian farmers have their crops damaged by floods. Until recently there were very few ways that poor smallholders could obtain insurance against this calamity. Now, using satellite remote sensing and computer modeling to measure flood inundation, a new scheme can help provide protection against crop damage and help build community resilience.

 

Hindi version (YouTube)

Posted by IBFI Admin Thursday, May 12, 2016 9:19:00 AM

IBFI Team engages with local community in Sirajganj, Bangladesh 

A field visit was organized to Sirajganj District to meet local communities in the selected project areas and understand the ground situation. A local well known NGO, Manab Mukti Sangstha (MMS) hosted the team comprising of IWMI and IWM members and took them to flood affected villages where the team had the chance to interact with the local people for site selection for pilot implementation and to understand how they cope with floods and what disaster risk reduction mechanisms are in place.

 

Posted by IBFI Admin Thursday, January 28, 2016 4:04:00 PM

Index-based Flood Insurance (IBFI) - Bangladesh Chapter begins 

Jointly organized by IWMI and Institute of Water Modeling (IWM), the project inception meeting took place in Dhaka on the 4th of November 2015. The IBFI project is being funded by CCAFS and MAFF (Japan) will be undertaken in Sirajganj and Gaibandha districts in Bangladesh. The meeting was attended by higher officials in the Bangladesh government like the Director General of Bangladesh Water Development Board (Engr. Md. Ismail Hossain, BWDB), and Additional Secretary Mr. Satya Brata Saha (Ministry of Disaster Management). In addition to technical organizations and NGOs, there was enthusiastic participation from insurance industry namely Pragati Insurance, Green Delta and Swiss Re.

 

Media coverage –

 

Posted by IBFI Admin Thursday, January 28, 2016 4:00:00 PM

IBFI team interacts with farmers in Bihar 

A field visit was organized to Gaighat village situated on the banks of Bagmati River (about 80 km from Patna in North Bihar) where experts met with local farmers and villagers to understand their need for flood insurance.

This visit was a follow up activity of the Inception Workshop and a multidisciplinary team consisting of people from insurance sector, water managers, scientists from ICAR/NIH along with experts from IWMI headed by Dr. Giriraj Amarnath visited the area and interacted with farmers to identify socio-economic constraints and sensitive parameters for putting farmers under insurance cover.

 

Posted by IBFI Admin Monday, August 31, 2015 10:40:00 AM

IBFI kicks off in Bihar, India  

Representatives from State and Central government agencies , NGOs, private insurance companies, farmers and development partners met on August 1st  in Bihar, India to exchange ideas and expertise in an inception workshop for a new project on developing ‘Index-Based Flood Insurance (IBFI)’.  

The workshop saw enthusiastic participation from both government and private sector participants. The day long workshop was presided by Dr. C P Thakur, Member of Parliament, Rajya Sabha and was attended by experts from multiple organizations like Agriculture Insurance Corporation (AIC), GIZ, Department for International development (DFID), BSDMA (Bihar State Disaster Management Authority), Agriculture Department- Bihar, Flood Management Improvement System (FMISC), National Institute of Hydrology (NIH), Indian Council of Agricultural Research (ICAR), private insurance firms like Bajaj Alliance, farmers and others.

 

Media coverage on the recent flood insurance workshop organized in Patna (Bihar, India) can be explored in the link below.

https://storify.com/nnair/ibfi-inception-workshop

Posted by IBFI Admin Thursday, August 27, 2015 10:37:00 AM