Angola, Studies are ongoing to Prioritize Agricultural Insurance

By Abdul Rahman Suagibu –

African Farmers
Photo Credit: Alternative Africa

NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- Introducing Agricultural Insurance in Angola, give hopes for the utilization of risks between the state and Insurance Companies, an concept that will pave the way for greater investment in the this activity, the chairman of the Angolan Agency for Insurance Regulation and Supervision, (ARSEG) Noted.

Aguinaldo Jaime, speaking at the event to celebrate the 21^st anniversary of ARSEG, pronounced that, the work is being done with the help of international consultants specializing in this field and bent on to identify the risks in agricultural activity for the introduction of this system of risk – Sharing in this sector.

“If agricultural insurance is considered important, then structured studies need to be done so that it is not unfeasible,” said the ARSEG Chairman, noting that agriculture is an activity fraught with risk, from pests, climate situations among others.

In April 2017, the chairman of Angola’s state – owned ENSA Seguros, Manuel Goncalves, announced that the Provinces of Huambo, Malanjeand Bango had been selected for the experimental phase of Agricultural Insurance that would begin to be sold in Angola in the 2017/2018 agricultural campaign.

At the time, ENSA was designated as the leading insurer of this agricultural co-insurance, in which several insurance companies will be involved.

In the first phase, two pilot projects will be carried out on small and large farms.

For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

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