Agricultural Insurance Development Program (AIDP) Overview

The World Bank Disaster Risk Financing and Insurance Program (DRFI Program), the World Bank Agricultural Risk Management Team (ARMT), and the Netherlands Ministry of Foreign Affairs are partnering to advance a joint program on agricultural insurance for developing countries. This Dutch-World Bank partnership on agricultural insurance leverages both institutions’ experience and expertise in agricultural risk management and disaster risk financing and insurance. The DRFI Program has been providing technical assistance and policy advisory services on agricultural insurance for more than 10 years, both on indemnity-based and index-based (including weather) insurance. In particular, the DRFI Program contributed to the establishment of the index-based livestock insurance program in Mongolia and the reform of the world’s largest crop insurance program in India, two agricultural insurance programs which have reached a large scale. The Agricultural Risk Management Team (ARMT) provides technical assistance and training on agricultural risk management issues, including agricultural risk diagnosis, and broader use of agronomic and weather data in risk management. The Netherlands Ministry of Foreign Affairs is an established leader in the promotion of sustainable agricultural risk management in developing countries. The development objective of the AIDP is to support countries in implementing sustainable, cost-effective public private partnerships in agricultural insurance that increase the financial resilience of rural households, as part of their broader agricultural risk management strategy.