On 31 October 2022, Dr. Bärbel Kofler, Parliamentary State Secretary at the German Federal Ministry for Economic Cooperation and Development (BMZ) met with smallholder farmers benefiting from insurance cover developed within the ISF project “ Boosting agriculture risk mitigation in Bangladesh through index insurance for smallholders”. In the session with Dr. Kofler insured farmers shared their experience on the impact and change the climate risk insurance is bringing to their lives.
The ISF project was introduced by Olga Speckhardt, Head of Global Insurance Solutions at Syngenta Foundation for Sustainable Agriculture, and Mr Michael Sumser, Director KfW Bangladesh, with KfW as funder of the ISF on behalf of BMZ. The ISF is proud to see that the project is already reaching more than 500,000 smallholder farmers and is scaling up further beyond the 14 districts of Bangladesh covered so far. Implemented by the Syngenta Foundation for Sustainable Agriculture in collaboration with BRAC, the world’s largest NGO and microfinance institution, and Green Delta Insurance Company Ltd (GDIC), the largest non-life insurance company of Bangladesh, this project aims to improve smallholders’ resilience to climate change by providing suitable insurance products in order to improve lives and livelihoods for those who need it most. Co-funding the development of needs-based insurance products the ISF is joining forces with the Swiss Agency for Development and Co-operation (SDC), which financially supports the project within its Surokkha initiative.
Managed by Frankfurt School
GRMA hosted by ISF
