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Ivory Coast / Cotton farmers: Atlantique Assurance brings a new solution

19/05/2019
Source : FRATMAT.INFO
Categories: Raw materials

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The Minister of Solidarity, Women and Child Protection, Mariatou Koné chaired the launch ceremony of "Atlantique Assur' Coton", a new offer from Atlantique Assurances, a subsidiary of Groupe Banque Centrale Populaire (BCP ), last Thursday, April 25, in Boundiali (Ivory Coast).

This product is a set of guarantees that provide cotton farmers with compensation in the event of a drop in yield, following a drought and/or in the event of flooding due to heavy rains, thus preserving their income.

This offer is also positioned as a solution that allows cotton growers to cope with the adverse effects of climate change, helping to stem the decline in performance observed in the agricultural sector in Côte d'Ivoire.

“Atlantique Assurances is pleased to offer today, “Atlantique Assur' Coton”, a new index-based micro-insurance product.

Through this offer, our company is committed to supporting the rural world by targeting in particular farmers in cotton-growing areas in order to compensate for the loss of yield of farms at the scale of a village, following a drought or flood," said Rosalie Logon, Managing Director of Atlantique Assurances.

The ceremony took place in the presence of several personalities including Mr. Racine LY, Financial Sector Specialist GIIF/IFC Project Manager at the World Bank and Moustapha DIONGUE, General Manager of Mamda Ré.

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