Africa Reinsurance Corporation (Africa Re) and the International Finance Corporation (IFC), a member of the World Bank Group, have sealed an agreement to develop agriculture insurance market space in Nigeria.
Under the agreement, Africa Re, a pan-African reinsurance organisation, and IFC’s Global Index Insurance Facility will help Nigerian insurance companies develop agricultural insurance products, and deepen their index insurance business lines.
These index insurance products will help protect farmers against environmental risks such as drought, floods, erratic rainfall and other natural hazards…
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News Archive from before July 2018