Home Add to Favorite Contact Submit  
           29 March, 2024


    
Category:  Press » Agriculture

 

Swiss Re and Oxfam America Launch Joint Risk Management Initiative for Farmers in Tigray, Ethiopia

Popularity:
         Views: 1729
2008-09-29 00:59:49     
Swiss Re

Swiss Re and Oxfam America have announced a joint Commitment to Action at the Clinton Global Initiative (CGI) 2008 meeting in New York on 23 - 26 September. The collaboration is aimed at helping communities most vulnerable to climate variability and change. The project focuses on an innovative pilot project to introduce weather insurance for a staple cereal crop in the village of Adi Ha, Tigray Regional State, Ethiopia.

Drought-related risks are a primary concern throughout Ethiopia where 85% of the population is dependent on smallholder, rain-fed agriculture. Adi Ha is a drought-prone community that has expressed strong interest in incorporating insurance into its risk management strategy.

The pilot will adopt a holistic approach to risk management, examining the suitability of weather insurance and risk reduction measures such as seasonal forecasting and improved agricultural practices. All efforts will be undertaken in close collaboration with the local farming community with the overall objective of alleviating poverty.

The efforts will be funded by Swiss Re and Oxfam America, with primary technical support being provided by the International Research Institute for Climate and Society at Columbia University. Ivo Menzinger, Head of Sustainability & Emerging Risk Management, commented, "Swiss Re is delighted to support Oxfam in implementing this fundamental and important work in the Tigray Province. In particular, we can combine our commitment to corporate citizenship with providing consulting support to the project on risk transfer issues."

Swiss Re has pioneered weather risk transfer instruments in developing countries, starting in India in 2004 with a program reaching over 350,000 smallholder farmers. In 2007, Swiss Re introduced the Climate Adaptation Development Programme (CADP). The goal of the CADP partnership is to develop and implement weather risk transfer solutions in non-OECD countries.

Oxfam America President Raymond C. Offenheiser said: "This pilot offers a chance for smallholder farmers to become more resilient to changing weather patterns. It's an opportunity to increase the impact of Oxfam's risk reduction programmes and explore exciting innovations in weather-based microinsurance..."

Over the last 35+ years, Oxfam America has worked to bolster the capacity of poor communities around the world to reduce vulnerability. Nevertheless, climate change is dramatically increasing the level of risk faced by the poor across the planet. For this reason, Oxfam America is interested in developing new mechanisms to address risk for poor farmers.

Notes to editors

Swiss Reinsurance Company Ltd

Swiss Re is a leading and highly diversified global reinsurer. The company operates through offices in more than 25 countries. Founded in Zurich, Switzerland, in 1863, Swiss Re offers financial services products that enable risk-taking essential to enterprise and progress. The company's traditional reinsurance products and related services for property and casualty, as well as the life and health business are complemented by insurance-based corporate finance solutions and supplementary services for comprehensive risk management. Swiss Re is rated "AA-" by Standard & Poor's, "Aa2" by Moody's and "A+" by A.M. Best.

Oxfam America

Oxfam America is an international relief and development organization that creates lasting solutions to poverty, hunger, and injustice. Together with individuals and local groups in more than 120 countries, Oxfam saves lives, helps people overcome poverty, and fights for social justice. To join our efforts or learn more, go to: http://www.oxfamamerica.org.

International Research Institute for Climate and Society at Columbia University

The IRI's mission is to enhance society's capability to understand, anticipate and manage climate-related risks and opportunities in order to improve human welfare and the environment, especially in developing countries. By providing practical advancements for managing current risks, we are creating solutions that will increase adaptability to long term climate change. IRI is a member of the Earth Institute at Columbia University. To learn more, please visit: http://www.iri.columbia.edu.

Specialized in: Iri - Simon Mason - Sabine Marx - Cred - Climate - Forecasting - Entries
URL: http://portal.iri.columbia.edu
Print press release      Bookmark this page
Related Press releases 
Agriculture and Nutrition: Unpacking the Pathways to Reducing Malnutrition (Popularity: ): MILWAUKEE, Wis. - December 26, 2018 -- Integrating agriculture-nutrition programs can increase the quantity and quality of nutritious foods through multiple pathways. Increased household production increases availability of home grown foods for consumption, and income for food purchases. Increased nutrition knowledge, through nutrition education, can change food preferences, and shift purchasing decisions towards nutritious foods.AAEA member, Andrew Dillon from Northwestern University along with Joanne Arsenault, and Deanna Olney, wrote the ...
American Farmer to Showcase Air Tractor in Upcoming Episode on RFD-TV (Popularity: ): Olney, TX - November 25, 2014 -- Air Tractor, Inc. announced that they will be featured in an upcoming episode of American Farmer, airing 2nd QTR 2015 on RFD-TV.American Farmer will explore Air Tractor, who for more than 50 years has been manufacturing the world’s best agricultural aircraft in the industry. This segment will go behind the scenes at Air Tractor to uncover their extensive line of Ag aircraft with ...
Envoy Agricultural Incorporated Announces Initiation of IPO Process with Wall Street Brokerage Firm (Popularity: ): UNIVERSITY, MS - May 13, 2014 -- Biopharmaceutical Company Envoy Agricultural Incorporated, specializing in medical marijuana and industrial hemp announced today they will begin their IPO process on Thursday, May 15, 2014 utilizing the services of the investment banking firm of Adelstein, Brenner & Nussbaum. ABN has a long and successful track record handling offerings and after market investment banking needs of companies at Envoy’s stage of growth.“This is a ...
Witmer's Annual Winter Machinery & Consignment Auction (Popularity: ): SALEM, Ohio, Jan. 11, 2013 -- Witmer's Inc., a leading supplier of farm equipment, sales and service as well as commercial, industrial, and agricultural construction, is proud to announce its annual Winter Machinery and Consignment Auction. The auction will include everything from tractors, farm equipment, trucks, and lawn/garden equipment as well as construction and agricultural equipment. When?Saturday, February 23, 2013 9:30 a.m. to 4:00 p.m.Where?Witmer's Inc. 39821 State Route 14 Columbiana, OH 44408(3 ...
Generational Equity Announces the Acquisition of Caneyville Milling Company, Inc. by B&D Feed & Seed, LLC (Popularity: ): DALLAS, Oct. 20, 2011 -- Generational Equity, a leading mergers and acquisition advisor for privately held and family-owned businesses, is pleased to announce the sale of its client, Caneyville Milling Company, Inc., headquartered in Caneyville, Kentucky, to B&D Feed & Seed, LLC, headquartered in Westfield, Indiana. The transaction closed on July 29, 2011. Caneyville Milling Company, Inc. (CMC) was founded in 1962, and was acquired by Hank Gibson in February ...


Related Business 
Noordwijk Risk Initiative Foundation (Popularity: ): Dedicated to sharing knowledge in the field of risk management. Provides information on investigation and analysis tools such as Change Control Cause Analysis and the Management Oversight and Risk Tree.
Swiss Re (Popularity: ): Global reinsurer with focus on risk transfer, risk retention financing, and asset management.
Addis Ethiopia Tour (Popularity: ): Addis Ethiopia Tour is actively involved in the promotion of responsible or sustainable tourism in Ethiopia.We focus on to enjoy the beauty, scenic, and exciting Ethiopia. Our expert multilingual tour guides can make a good adventure holiday into a fantastic and unforgettable one.
Ballot Initiative Strategy Center (Popularity: ): Searchable library on ballot initiative information for all states. Advocacy group that promotes strategic discussions among progressive organizations to counter right-wing ballot measures and launch progressive initiative campaigns.
The Risk Doctor (Popularity: ): Risk management consultancy and training from an international risk management expert, conference speaker on risk, and frequent author on risk topics. Site includes many articles.
Zurich North America (Popularity: ): Insurance and risk management organization that provides business insurance and risk management solutions to a variety of commercial enterprises.
CMF Ethiopia (Popularity: ): CMF (Christian Missionary Fellowship) missionaries working in Ethiopia. Includes photos and maps of Ethiopia.
Sigma Risk Management Inc. (Popularity: ): A risk and insurance management consulting firm offering advice in operational risk analysis, risk management, OIL, captives, insurance and claims to lenders, energy and corporate clients.
Risk Rating - Business Assessment (Popularity: ): Self-Rating is a unique risk rating service by Ontonix offering risk management solutions, business diagnosis, business ratings, complexity management, financial risk assessment, business diagnosis, rate business, online risk assessment, strategic risk assessment, companies risk management, business risk analysis services.
Consultants in Risk Management (Popularity: ): National independent insurance and risk management consulting firm that provides holistic risk management strategies and solutions to construction industry clients.