Importance of Agriculture in Senegalese Economy

Transcription

2. National Agricultural Insurance Company of Senegal (CNAAS) Experience and Challenges Developing Agriculture Insurance
3. Experience of CNAAS developing Agriculture Insurance Content of Pesentation        Importance of Agriculture in Senegalese Economy Vulnerability of Senegalese agriculture to climate change Brief description of CNAAS Mission, Purpose and Challenges of CNAAS Products and Achievements Constraints and challenges in program development Projections in the future
4. Importance of agriculture in Senegalese economy  Senegalese economy is mainly based on rural activities, which employ around 60% of the economically active population  Agriculture represents more than 30% of Gross Domestic Product  Agriculture contributes around 15% to the total export income  Agriculture covers 75% of the country's food requirements only
5. High vulnerability of Senegalese agriculture to climate change  Agriculture concerns the poorest, most disadvantaged section of the population  Agriculture depends for 95% on rain water resources  In consequence, climate evolution constitute a serious threat for Agriculture  Public support for Agriculture in case of calamity and diseases are not sufficient
6. Brief description of CNAAS  CNAAS is created by Senegalese government and the insurance sector dedicated to agricultural insurance  CNAAS is a limited company with a capital of FCfA 1,500,000,000  CNAAS it is built on Public-Private Partnership model with the Senegalese insurers, farmer organizations and the state government  CNAAS offers “Classical” and “Index “ insurance coverage to farmers, ranchers and fishermen  Senegalese government provides 50% premium subsidy premium and exempt CNAAS’s policies from value added tax
7. Mission and Purpose of the Company  Make agricultural insurance available for more than 500,000 Senegalese farmer’s families who are vulnerable and exposed to agricultural risks and climate change  Provide adequate cover for crops, livestock and fishery  Develop new insurance programs as index insurance and microinsurance which are relevant answers to Senegalese farmer's cover in terms of cost and ease of management.
8. Challenges of the Company  Overcoming the reluctance of the Senegalese farmers toward insurance in general  Educating farmer to accept agricultural insurance as the best way to strengthen their resilience to negative climate change impact  Helping farmer to access to agricultural loans
9. Products of the Company  Crops Insurance - MPCI and Named Perils - Weather Index Insurance  Livestock Insurance - All Risks and and Named Perils (Cattle, Sheep and goats) - Poultry Insurance  Marine Insurance covering traditional fishing - Hull, motors and fishing equipment - Personal accident and liability  Term Death Microinsurance covering agricultural loan
10. Achievements – Crop Insurance CROPS INSURANCE Premium Insured Values 2011 2012 2013 2014 2015 42 987 395 155 110 538 236 817 792 354 726 230 592 444 156 589 331 774 1 141 101 773 4 372 264 904 5 958 495 104 9 951 549 405 Loss Paid 0 8 708 409 19979975 31973125 165 539 639 S/P 0 5,61% 8,44% 9,01% 27,94% 2.103 8.251 Insured Farmers 1.285 Insured hectares (ha) 2 617 4 688 7 900 12.359 11 850 18.540 20 080
11. Achievements – Livestock Insurance LIVESTOCK Premium Insured Values Loss Paid S/P Insured Farmers Insured Livestock Unit 2011 2012 2013 2014 2015 21 215 175 59 647 153 247 542 625 196 396 806 46 836 375 751 796 750 1 125 870 120 4 972 619 615 4 448 461 255 1 060 861 446 9 625 360 11 882 061 34 015 860 40 673 900 27 931 000 45,37 19,92 13,74 20,71 59,64 226 154 1 500 1 200 1 100 55 824 61 571 197 500 156 290 143 480
12. New Development – Fisheries Insurance FISHERY Premium Insured Values Loss Paid 2011 2012 2013 2014 2015 325 000 12 500 000 154 375 S/P 48 Insured Fishermen 50 Insured Pirogues 5
13. Qualitative achievements of CNAAS  Implementation of weather index insurance logistic in the central and south regions of Senegal  Strong growth of the membership from the 2nd year  Growth and enlargement of CNAAS’s portfolio of products and customers  Creation of a community of partners around the index insurance program (Insurance Regulator, State and private agricultural suppliers, Data Providers, Met Agency, Producer’s Organization, Research Institute, NGO’s, Reinsurers, Banks and MFI’s, etc.)
14. Constraints in Agriculture Insurance Development       High need for information and awareness towards farmers High cost of developing an rural insurance network Rain gauge network not sufficient to cover all farmer Lack of infrastructure (e.g. meteorological stations) for index insurance Relative high loss adjustment cost in classical insurance Active involvement of stakeholders: ANACIM (weather), DAPSA (statistics), CERAS (research), Farmer, etc.  Reinsurance availability for new products/programs
15. Projections in the future  Scaling up agriculture insurance to all agro-ecological regions  Increase number of partner organizations (Donors, MFI’s, NGO’s, etc.) regarding scaling up agricultural insurance  Extending index insurance to other important sectors for Senegalese food security (e.g. rice and livestock)  Combining data from remote sensing and meteorological stations  Using mobile phone technology for agricultural insurance program management
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