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African Insurance Organization Conference Makes Case for Agriculture Insurance

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At the 44th African Insurance Organization (AIO) conference recently held in Uganda, participants suggested that the agriculture has potential that regional insurers are yet to tap, All Africa reports

Shadrack Mapfumo, GIIF Senior Financial Sector Specialist, was also quoted at the conference as saying, "Insurance companies should invest more money in crop varieties such as maize," arguing that this would help secure farmers from poor harvests. "Even that crop variety that insurance companies say is not insurable, [it can be insured] only that because they [insurers] have not studied it. We need to find ways of contributing to the reduction of risk," he added.