Crop insurance products prepared for growers in the Philippines

Crop climate change Insurance

The World Bank’s private sector funding arm is working on new protection for farmers. The private sector funding branch of the World Bank, The International Finance Corp. (IFC), is currently working with a number of its partners in order to create new crop insurance products that are meant to provide farmers in the Philippines with protection against the considerable losses that they incur from typhoon damages. It has been estimated that farmers in the country have lost $2.5 billion to damaging weather since 2009. The IFC reported this statistic, last…

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Insurance news from Ghana may send health system into bankruptcy

World Bank Building pandemic Insurance fund News

A study from the World Bank has shown that this could occur as early as 2013. The World Bank has released the results of their latest study, which has revealed the devastating insurance news regarding Ghana’s health coverage system and its direction toward bankruptcy in 2013. As soon as next year, the National Health Insurance Scheme (NHIS) could be bankrupt. The insurance news report stated that “the system has serious structural and operational inefficiencies and is on a trajectory to go bankrupt as early as 2013.” It went on to…

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