Compagnie Nationale d’Assurance Agricole du Sénégal (CNAAS) has selected Africa Re, the most prominent African Reinsurer, to lead the reinsurance program of 40,000 cotton and maize farmers in Senegal, jointly with AXA CS and CICA Re, according to a press release issued by Africa Re. The news indicates a positive development in the agriculture sector in Senegal, which accounts for 35% of annual GDP, as the country is facing several climate-related risks including drought and floods, undermining food production and jeopardizing food security. The development of index insurance in Senegal can be

The Ghana Agricultural Insurance Pool (GAIP) has rolled out a scheme that will make insurance for farmers easy to access, Ghana's Graphic Online reports. “The future is bright for agricultural insurance, what we need now is for farmers to embrace it. That is why we are working towards that. Because we have financial institutions who have expressed interest to partner with us and whatever they lend to farmers would have an insurance component, so that in the bad years the farmers would be comfortable and the financial institutions would be comfortable,” said General Manager Alhaji Ali Muhammad

Bloomberg BusinessWeek wrote an article that discusses crop insurance in Africa, whose potential to benefit the region's farmers remains relatively unlocked. "Africa has struggled to marshal the necessary resources to unlock their agricultural potential. Gains in one area, such as better seed, are often stymied by deficits in others—not enough grain silos. Getting smaller farmers plugged into credit networks would help spur investment and bring new producers to markets," says Ulrich Hess, a senior adviser to Deutsche Gesellschaft für Internationale Zusammenarbeit. In Africa, index insurance