Africa Re Spearheads Workshop on Agriculture and Climate Insurance to Fortify Agricultural Resilience

The African Reinsurance Corporation (Africa Re) hosted a three-day workshop on Agriculture and Climate Insurance in Accra, gathering insurance professionals from 14 African countries. The event focused on developing innovative insurance solutions to address agricultural risks heightened by climate change. Key speakers emphasized the role of insurance in enhancing agricultural resilience and unlocking investment. Despite the importance of agricultural insurance, the market in Africa remains underdeveloped. The workshop aimed to build capacity, share knowledge, and foster collaboration to advance agricultural insurance and support the sector’s growth. Source: Vanguard

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The African Reinsurance Corporation’s workshop on Agriculture and Climate Insurance marks a pivotal step towards mitigating risks in Africa’s agricultural sector. By bringing together experts from 14 nations, the workshop addresses critical challenges such as climate change impacts and access to financing. Enhanced agricultural insurance not only safeguards farmers against risks but also attracts crucial investments needed for sectoral growth. Key outcomes include knowledge sharing on product innovation and digital solutions, aiming to boost resilience and sustainability in agriculture across the continent.