KEY MESSAGES
- Description: Agricultural insurance mainly focused on rice, cocoa, and cotton crops. Farmer insurance paying back production costs if yields fall bellow a crop-specic threshold as a consequence of climate hazards
- Specificity: Expanding the positive results yield by the support to agricultural insurance in the framework of the Green Morocco Plan
- Impact: 40 billion FCFA insured (for the cotton industry only)
FUNCTIONING
ROLE OF THE MAMDA: ACCOMPANY THE IVORIAN AGRICULTURAL INSURANCE:
Definition of a global system to cover agricultural risks and identification of the crops and climate hazards to be covered in priority
Provision of technical assistance in the definition and pricing of agricultural insurance products
Financial support to agricultural insurance programs by offering reinsurance capacities to Ivorian insurance companies
EXAMPLE OF INSURANCE FOR COTTON:
Collection of information from the ginners about the plots, evaluation of the reference yield
Collection of State subsidy by the insurer
Indemnification of insured farmers in case of yield lower than 70% of the yield of reference
The insurer can be assisted by a reinsurer or the ANADER in case of signicant damage
SCOPE
CÔTE D'IVOIRE
Pilot: 400 000 ha of cotton
BUDGET
N/A
IMPACTS
Agricultural productivity
Fostering investment by reducing crop volatility exposure
Climate change
Develop resilience to climate hazards
Sustainable dev. goals
Stabilization of smallholders income
NEXT STEPS
Extension of the pilot project at national scale
Extension of the program to other crops (cocoa, rice, rubber tree, yam, maize, coffee, etc.)
PRIVATE AND PUBLIC PLAYER COOPERATION - SCHEME AT SEVERAL LEVELS
GOVERNMENTAL COORDINATION
Exchange of experiences, mechanisms and mgmt of insurance products
Support to partnership materialization
FINANCIAL AND TECHNICAL SUPPORT
Support to product pricing and marketing
Financial support with reinsurance capacities
ALIGNEMENT AND ANALYSES PER CROP TYPE
Determination of the characteristics of each crop
Evaluation of climate risks and average yields
PROJECT IMPLEMENTED BY STEPS
2014
Signature of a cooperation agreement in Rabat
2015
Signature of a framework cooperation agreement in Marrakech
Official launch at the International Agriculture and Animal Resources Fair in Abidjan
Determination of priority crops and associated climate risks
2016
Implementation of a pilot project for cotton
Extension of the pilot project at national scale and to other crops
