Introduction of the Index Insurance Innovation Initiative (I4)

demonstrating index insurance

Event Date

UC Davis

The AMA Innovation Lab, the United States Agency for International Development, the Food and Agriculture Organization of the United Nations, the Micro-Insurance Innovation Facility of the International Labour Organization, and Oxfam America announce the creation of the Index Insurance Innovation Initiative (I4).

This initiative is a response to the overwhelming evidence that uninsured risk can drive people into poverty and destitution, especially those in low-wealth agricultural and pastoralist households. Risk can cause people to shy away from high-return activities or pursue defensive savings strategies that cut off sustained accumulation of productive assets. Risk also inhibits the development of rural financial market, which reinforces risk’s negative impacts.