Top
image credit: Unsplash

Aon reveals crop insurance collaboration with African Development Bank

January 4, 2024

Category:

Aon has announced a new collaboration with the African Development Bank and Amini, focusing on enhancing crop insurance capacity across Africa and aiming to bolster the resilience of smallholder farmers and promote the adoption of nature-positive practices.

Central to this collaboration is the use of innovative farm-level data generated by Amini. This data is crucial in supporting Aon’s contribution to the African Development Bank’s Africa Climate Risk Insurance Facility for Adaptation.

In a news release, Aon said that the goal is to develop novel de-risking solutions and augment the capacity for assessing and monitoring the dynamic risk landscape throughout the continent. Utilizing this data, farmers will be able to make more informed decisions, ultimately leading to improved resilience and yield enhancements.

Read More on Insurance Business