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Feb 2017 Africa Re has concluded a partnership with Global Index Insurance Facility (GIIF), an organisation managed by The World Bank. The agreement signed on February 14, 2017 aims at sharing the risks on the basis of agricultual index insurance [4].
The mecanism concerned reimburse insurers who report an annual loss ratio above 75%. Through this projet, Africa Re intends to make farmers benefit from premiums more adapted to their to their needs.
Index insurance covers damage related to natural or meteorological catastrophes on a prefinite index basis.