Drought Index-Insurance pilot for groundnut farmers
Weather variability is a key limiting constraint to investments and modernization of agriculture in Senegal as drought-prone Sahel is characterized by irregular rainfall and relatively poor soils. Created in 2008 as a public-private partnership, the National Agricultural Insurance Company of Senegal (CNAAS) is in charge of underwriting crop and livestock insurance.
The next phase step of the pilot is to put in place steps for CNAAS to take the lead in the project implementation process by designing index products and training coops and MFIs. To date, the project has insured close to 10,000 farmers in Senegal.
Minister of Finance, Minister of Agriculture, PlaNet Guarantee, CIRAD, ISRA, ANACIM, ASPRODEB, Insurance Regulation Agency (DNA), Swiss Re
World Bank group
Tel: + 228 92 37 8662