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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...

ITV Richard

Richard Choularton, Chief - Climate Resiliance for Food Security at UN WFP, talks about using index insurance solutions to manage climate risk issues

ITV Paula

Paula Pagniez, Senior Microinsurance Specialist at Swiss Re, talks about growing private sector participation in index insurance

ITV Alex

Alex Scherer, CEO of AXA Corporate Solutions – Americas, talks about the growing role of Index Insurance in managing climate risks
The soil that Abdoulaye Ndiaye holds in his hand is dry and dusty. A little further away in the Kaolack region the groundnut plants are already beginning to spring up in the fields, but in Paskoto village Abdoulaye and his fellow farmers have not seen a drop so far this season. "The most important challenge for us is the weather. It is God who decides. We have no choice, but are just left looking for ways to handle the situation," Abdoulaye says, now using his hand to shield his eyes against the stark sunlight.
The Global Index Insurance Facility (GIIF), part of the World Bank Group’s Finance and Markets Global Practice, will launch , an online knowledge platform for index-insurance practitioners globally on January 20, 2015. The official launch event will be held in the ACP Secretariat in Brussels, Belgium and will see GIIF’s key donors, including the European Union and The African, Caribbean and Pacific States (ACP) Group, in attendance. The platform features knowledge products, research and discussions on key issues related to the development of innovative index-insurance...
The 2015 Africa Insurance & Reinsurance Conference will keep you up-to-date with the latest industry developments, marketing strategies and product innovations relevant for the African market. New technologies, development of new client segments and the overall economic growth in the continent is not only forcing regional insurers to rethink the way they conduct business but also forcing the global players to look at Africa as a strategic market for growth. At the 4th Annual Africa Insurance and Reinsurance Conference, will focus on key fundamentals to the business of insurance and...
The Conference will focus on how agricultural insurance and food security are linked and how this link is relevant for future development efforts. It will sharpen the understanding under what circumstances and how agricultural insurance can best contribute to food security and provides a platform to share experiences. The Conference welcomes food security and agricultural insurance experts, development organizations, insurance policy makers and regulators, academia and representatives from the private sector. View AIC 2014 panelist interviews here .
Full Publication Cotton is the major cash crop of Cameroon, however, even if it represents a quarter of agricultural exports it is only about six percent of total exports (Gergerly, 2009). The cotton society: SODECOTON (Soci´et´e de D´eveloppement du Coton du Cameroun) and the CMDT its Malian counterpart, are the only West African cotton societies that are still public monopsonies. Those parastatals are thus the only agent in the country to buy cot- ton from producers at pan-seasonally and -territorially fixed price (Delpeuch and Leblois, forthcoming). The national cotton producers...