The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has developed a new insurance product called NIRSAL Comprehensive Index Insurance (NCII) to mitigate the impact and losses of agricultural yields and market price risks for smallholder farmers, PM News Nigeria reports. "NIRSAL’s goal is to expand insurance products and coverage on agricultural lending across the entire value chain by growing coverage from about 0.5 million to 3.8 million primary producers,’’ said Aliyu Abdulhameed, Managing Director of NIRSAL. NCII was developed by the Corporation in conjunction

On November 16, 2018, more than 50 participants from the Financial Sector Conduct and Prudential Authority of South Africa attended a training session on the fundamentals of index insurance. The training was the first step in providing the regulators with the needed information and skills for the upcoming index insurance pilot in the country, which aims to protect smallholder farmers from weather-related risks. The workshop was delivered by the Global Index Insurance Facility (GIIF) at the request of the South African Insurance Association (SAIA), the representative body of the short-term