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International

Push to insure farmers against natural disasters a success, says Swiss Re

January 30, 2015 Reprints

Swiss Re Ltd. has said that two million African farmers are now insured against floods, drought and other natural disasters, reports Artemis.bm.

The reinsurer has attributed the record farmers' coverage to the efforts of the World Bank and Swiss Re Corporate Solutions. The number of farmers insured has exceeded expectations by approximately 43%, said Swiss Re. African nations' vulnerability to extreme droughts and flooding has increased over the years. "Insurance can help to keep farmers in business and contribute to a more resilient society," said Swiss Re.

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Push to insure farmers against natural disasters a success, says Swiss Re

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