On December 2, 2024, in Abidjan, Côte d’Ivoire, the International Finance Corporation (IFC) and a Consortium of Insurers—comprising Atlantique Assurances, SanlamAllianz, and AXA—signed a groundbreaking cooperation agreement under the IFC’s Global Inclusive Insurance Program (GIIF), co-financed by the BMZ. This partnership aims to enhance the resilience of Côte d’Ivoire’s agricultural sector by providing tailored and accessible insurance solutions to smallholder farmers and SMEs, addressing risks from climate-induced challenges such as droughts, floods, and erratic weather.

With a target to expand insurance coverage to an additional 50,000 smallholder farmers, the partnership leverages the insurers' expertise in index-based insurance and IFC’s global sustainability leadership. The event, attended by 80 participants and widely covered by the press, underscores the power of collaboration in safeguarding food security, promoting economic growth, and combating climate change. This initiative is a bold step toward building resilience and sustainable development in Côte d’Ivoire’s agricultural sector. Read more here.

From left to right: Mr Teyi Lawson, Directeur General AXA Assurance, Mrs, Josiane Kwenda, IFC Country Manager Cote d'Ivoire Cluster, Thierry Coulibaly (Director Commercial lines, SanlamAllianz), Lovy Mukoma (Finance Officer, IFC), Mrs Estelle Tagnongoh Traore, Directrice General Atlantinque Assurance, Alain Ehouman (Responsable Micro-Assurance & Risques Spéciaux), Mr. Mamadou G Kone, Directeur General SanlamAllianz, and Hassan Sabbah (Senior Operations Officer, IFC)