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According to AllAfrica , Nigeria and Morocco have set up a steering committee, comprising representatives of the Nigerian Agricultural Insurance Corporation (NAIC), Bank of Agriculture, the Moroccan Agricultural Insurance Company (MAMDA), and MAMDA RE, to develop a sustainable crop insurance scheme for the countries.
Oliver Ralph and John Aglionby at the Financial Times wrote in The Big Read about how "insurance will help deliver relief more effectively". The authors cited several disaster risk insurance programs undertaken by development agencies and governments, including Kenya's Livestock Insurance Program.
Asia needs to explore index Insurance and parametric solutions in its efforts to close the region's protection gap, according to the Monetary Authority of Singapore (MAS), Reinsurance News reports . “We must put in place mechanisms for the effective assessment, management, and transfer of disaster risks. Advances in technology, innovation, research, and market integration put us in a strong position to address these challenges,” Ravi Menon, MAS Managing Director, was quoted as saying.