IBISA NETWORK’s Post

🌡️ May 2024: Hottest May on Record – The Need for Resilience is Greater Than Ever According to the Copernicus Climate Change Service (C3S), May 2024 has been the warmest May ever recorded, marking the 12th consecutive month of record-breaking global temperatures. The global average temperature was 0.65°C above the 1991-2020 average and a staggering 1.52°C above the pre-industrial average. At IBISA, we are dedicated to enhancing resilience against such climate extremes. Our #Heatstress product protects communities from the economic impacts of extreme heat. By offering timely financial protection, we empower vulnerable populations, especially in the agriculture sector, to better prepare for, respond to, and recover from heat-related events. ℹ️ want to know more: info@ibisa.network 🔗 https://lnkd.in/dQzfeqwr #ClimateChange #Resilience #SustainableDevelopment #ParametricInsurance #HeatwaveProtection #IBISA #ClimateAction

🚀 🇮🇳 This week, we had the first major claim settlement event of Malabar Regional Co-operative Milk Producers� Union (MRCMPU), one of the three Milk unions of MILMA. MRCMPU, an organisation representing over 1,000 village-level Dairy Co-operative Societies in Kerala, South India, held the event to highlight the impact of MILMA's initiatives. 🗣 Inaugurated by Mrs Chinju Rani, State Minister of Animal Husbandry and Dairying, alongside the Chairman of Milma and the Managing Director of MRCMPU, the event showcased the success of #IBISA revolutionary Heat Index product. 🐮Through 𝐈𝐁𝐈𝐒𝐀'𝐬 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐇𝐞𝐚𝐭 𝐈𝐧𝐝𝐞𝐱 𝐩𝐫𝐨𝐝𝐮𝐜𝐭, 38,568 cattle were insured from MRCMPU, benefiting 7,054 farmers with claims from 667 milk socities. 🎯 How does our Heat Index work? Our Heat Index provides coverage for yield loss due to heat stress during critical summer months, using advanced satellite-based systems and data analytics. For more information about our Heat Index product, send us a message at 👉info@ibisa.network #HeatIndex #ClimateChange #Insurance #Agriculture #India #ParametricInsurance

🌍 🇬🇭 Two weeks ago our operations manager Dorien Asampana attended an agriculture workshop in Accra, organised by African Reinsurance Corporation. The event brought together over 90 stakeholders from 13 African countries, highlighting the critical need for climate insurance in agriculture. At #IBISA, our mission is to advocate for and build innovative parametric insurance solutions: https://ibisa.network 🙏 Thank you Africa Re for a great event and this throwback video !

Three weeks ago Maria Mateo Iborra, CEO of IBISA, attended the “Climate Evening” at Lloyd's organised by Insurtech Gateway as part of the London Climate Action Week 💚 This networking event showcased five climate insurtech companies that are making a real difference, laying down the foundations for the net zero transition and financial protection for those on the front lines of climate change. 🚀 Maria explained: “IBISA NETWORK aims to create a safety net for the most climate-exposed populations and businesses. We focus on agriculture – where farmers are highly vulnerable, and women labourers – who are often underinsured and more susceptible to climate risks. By leveraging cutting-edge technology, we provide affordable and efficient insurance solutions to these groups, as well as other segments such as those lacking access to finance and energy. Our goal is to enhance climate and financial resilience, ensuring that the most vulnerable communities can thrive despite environmental challenges. So far we have protected more than 500k people in Asia and Africa.” 🙏 A big thank you to Insurtech Gateway - Stephen Brittain - Hannah Leonard for the continuous support 👏 A big shoutout to the other incredible companies and founders who participated in the event: Ashima Gupta, Co-Founder at Renew Risk; Ciana Kenny, Senior Distribution Manager at FloodFlash; and Thomas Merriman, Co-Founder at Kita #ClimateAction #Insurtech #ParametricInsurance #Innovation #Africa #Asia

📣 Maria Mateo Iborra will be speaking at the United Nations event: « Transforming Space-based technology projects into Sustainable Services » alongside our partner from the #Philippines CLIMBS Life and General Insurance Cooperative Official 📍Graz, Austria 17-18 July and online 🔗 https://lnkd.in/dn9eWqw7 #UNevent #SpaceTechnology #Innovation #Sustainability #Climbs #insurtech #parametricinsurance #typhoon

👋 This week, our operations manager Dorien Asampana attended a workshop on agriculture in Accra, organised by African Reinsurance Corporation, Africa's first continental reinsurer. The event brought together over 90 stakeholders from 13 African countries, including insurers, representatives from the IFC - International Finance Corporation, the Embassy of the Kingdom of the Netherlands in Ghana, and farmer representatives. Participating actively in the discussions, Dorien observed a significant interest in climate insurance for those in the agricultural value chain. 🚀 At #IBISA, our mission is to advocate for innovative insurance solutions and to highlight the potential for collaboration with insurers. While many are familiar with index products for excess rain and drought, few have considered products addressing heat stress for dairy, human, poultry, and other sectors. 👀 Discover more about IBISA’s revolutionary products here https://ibisa.network or email us at info@ibisa.network #ParametricInsurance #HeatIndex #Insurtech #Innovation #Africa #FirstMover

🐮Throwback on our Dairy Heat Index Insurance performance for Summer 2024 in India! At #IBISA, we are dedicated to protecting dairy farmers with our revolutionary Heat Index product. This summer has been particularly challenging, as 2024 marks one of the strongest heat wave India has faced in the past 50 years. The impact of this extreme heat and ongoing climate change on farmers and their livestock is massive. We are fortunate to be capable of helping these communities in times of such extreme climatic events. Over here, it is our Heat Index Product that came to the rescue. 🎯 How does our Heat Index work? Our Heat Index provides coverage for yield loss due to heat stress during critical summer months, using advanced satellite-based systems and data analytics. 🚀 Here are some highlights of the season for our Heat Index product: 120,000 animals insured 17,000 farmers benefited from our Heat Index insurance 𝑃𝑙𝑒𝑎𝑠𝑒 𝑛𝑜𝑡𝑒 𝑡ℎ𝑎𝑡 𝑡ℎ𝑒𝑠𝑒 𝑛𝑢𝑚𝑏𝑒𝑟𝑠 𝑎𝑟𝑒 𝑛𝑜𝑡 𝑓𝑖𝑛𝑎𝑙 𝑎𝑠 𝑤𝑒 𝑠𝑡𝑖𝑙𝑙 ℎ𝑎𝑣𝑒 𝑐𝑙𝑎𝑖𝑚𝑠 𝑏𝑒𝑖𝑛𝑔 𝑝𝑟𝑜𝑐𝑒𝑠𝑠𝑒𝑑 𝑎𝑛𝑑 𝑒𝑥𝑝𝑒𝑐𝑡 𝑚𝑜𝑟𝑒 𝑡𝑜 𝑐𝑜𝑚𝑒. 📲 For more information or partnerships, reach out to our Head of Growth Balachandran M K, his team, or send us a message at info@ibisa.network. 👀 Follow IBISA NETWORK to stay updated as we continue to build climate resilience and support communities worldwide! Milma - DeHaat - Godrej Agrovet Limited - Sarhad Dairy #HeatIndex #ClimateChange #Insurance #Agriculture #India #ParametricInsurance

📰 🌐 With our recent #fundraising announcement, we made headlines globally, like quite literally! 💚 We are happy to have the support of all our investors - Acumen Resilient Agriculture Fund (ARAF) - Equator - Asian Development Bank Ventures ADB Ventures - Ankur Capital - placing their trust in our mission to make parametric insurance accessible to all. 🙏 We are deeply grateful for all the congratulatory messages and heartfelt best wishes from you all. If you missed out on the news, you can read it here: 👉 https://lnkd.in/e8XqDDWB 🎯 Reach out to us at info@ibisa.network for partnerships or queries. 🚀 Follow IBISA NETWORK to stay tuned for more updates as we continue to build climate resilience and support communities worldwide! #Insurtech #ParametricInsurance #indexinsurance #Innovation #ClimateResilience #Agriculture #WeAreIBISA