1 month ago
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…hosts Workshop connected Agriculture, Climate Insurance successful Ghana
African Reinsurance Corporation (Africa Re) has described Agriculture arsenic the backbone of Africa arsenic a continent with respective potentials yet to beryllium tapped for the improvement of the continent.
The Deputy Managing Director and Chief Operating Officer of African Reinsurance Corporation (Africa Re), Ken Aghoghovbia, stated this during a three-day store connected Agriculture and Climate Insurance convened by African Re, held astatine the prestigious Labadi Beach Hotel, Accra, Ghana.
The lawsuit aimed to foster collaboration and capableness gathering among insurers successful processing innovative cultivation security products and services had Participants from 14 African nations, including Ghana, Côte d’Ivoire, Ethiopia, Kenya, Nigeria, Rwanda, South Africa, Tanzania, Uganda, Zambia, Zimbabwe, Liberia, Egypt, and Sudan.
Emphasizing the pivotal roles of agriculture successful Africa’s economical prosperity, Ken Aghoghovbia highlighted the sector’s important publication to GDP and employment portion acknowledging the challenges posed by clime change, conflicts, and constricted entree to financing.
He further stressed that the store was convened to research strategies for mitigating the important risks faced by the continent’s cultivation sector.
“Agriculture is the backbone of Africa’s economy,” stated Aghoghovbia. “However, its imaginable remains untapped owed to assorted factors hindering productivity and nutrient security. By bolstering cultivation insurance, we tin make a much resilient and sustainable sector.”
Aghoghovbia attributed this to factors specified arsenic constricted expertise, debased adoption of integer solutions, and inadequate concern successful merchandise development.
On his part, Kofi Andoh, Acting Commissioner of Insurance for Ghana, underscored the compounding interaction of clime alteration and biodiversity nonaccomplishment connected accepted cultivation challenges. He emphasized the captious relation of security successful attracting indispensable recognition and concern to the sector.
“Agricultural security is simply a captious instrumentality for mitigating risks and unlocking the sector’s afloat potential,” said Andoh. “Ghana is committed to creating an enabling situation for the improvement and transportation of affordable cultivation security products.”
Despite the increasing designation of cultivation insurance’s importance, Africa’s marketplace remains comparatively underdeveloped.
The store provided a level for cognition sharing and capableness building, equipping participants with the skills needed to make and instrumentality robust cultivation security programs. Experts from astir the satellite shared insights connected merchandise design, underwriting, claims management, and integer solutions.
The store besides exposed participants to a deeper knowing of the opportunities and challenges associated with cultivation security successful Africa.
By fostering collaboration and cognition exchange, the lawsuit aims to accelerate the improvement of innovative security solutions that empower farmers and lend to the continent’s cultivation growth.
To climax the event, Participants went connected a tract travel to the Kpong Irrigation Scheme astatine Asutsuare successful the Shai Osudoku District of the Greater Accra Region wherever they were exposed to truthful galore things.
About Africa Re, The African Reinsurance Corporation (Africa Re) is the starring pan-African reinsurance institution and the largest reinsurer successful Africa successful presumption of nett reinsurance written premiums.
Africa Re was acceptable up by 36 African states successful 1976, pursuing a proposal of the African Development Bank (AfDB), to make the security and reinsurance manufacture successful Africa done accrued underwriting and retention capacities, and to enactment the economical improvement of the continent.
Ranked 36th successful the 2019 Standard & Poor’s Global Reinsurance Groups and 41st successful the Top 50 Global Reinsurance Groups by AM Best successful 2019, Africa Re has a broad-based shareholding comprising: 42 African subordinate States (34.63%); the African Development Bank (8.38%); 114 African security and reinsurance companies (34.94%); and 3 non determination shareholders (23.05%), including starring planetary insurers and reinsurers from France (AXA), Canada (FAIRFAX) and Germany (ALLIANZ SE).
With office successful Lagos (Nigeria), Africa Re operates done six (6) Regional Offices crossed Africa: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). Africa Re arsenic has 1 (1) Local Office successful Addis Ababa (Ethiopia), 1 Underwriting Representative Office successful Kampala, Uganda and 3 (3) Subsidiaries (Africa Re South Africa Limited successful Johannesburg (South Africa), Africa Retakaful successful Cairo (Egypt) and Africa Re Underwriting Agency Limited successful Dubai (The United Arab Emirates).
For much information, delight sojourn https://www.africa-re.com/
Contact: Isaac Magina magina.isaac@africa-re.com
Alfred Adogbo: adogbo.alfred@africa-re.com’
Joseph Chege: nduati.joseph@africa-re.com
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