IFC will provide advisory services to PT. Reasuransi MAIPARK (a national private re-insurer for special risks in Indonesia) in the following areas: (i) support the technical design and development of at least one new insurance product to mitigate the risks faced by agri-lenders/businesses and individual farmers from adverse weather events; and (ii) build the capacity of MAIPARK and selected financial institutions to administer, price, and distribute the new product to the retail market segment.
The project seeks to contribute to a reduction in financial vulnerabilities for farmers, agribusinesses and banks to climate change/adverse weather events, and an eventual increase in investment/lending to farmers via an improvement in their risk profiles.
No contact information provided at the time of disclosure.
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