Mozambican insurer prepares introduction of agricultural insurance

28 September 2016

Mozambican Insurance Company Emose is considering the introduction of agricultural insurance, “a move that could help stimulate investment in the sector,” said recently the president of the company.

Antonio Carrasco, quoted by daily newspaper Notícias, said his company had already invited commercial banks operating in the country to collaborate in the introduction of this new insurance.

The president of Emose also said that this year the company had started a reflection on crop and natural disaster insurance in the country, and hosted a day of discussion involving international agricultural insurance experts, which had made it possible to draw some conclusions.

“Emose must be the only insurance company in the country that intervenes in this area of ​​agricultural insurance, despite being in the experimental stage, and last year we issued insurance in the area of cotton,” said Carrasco.

Empresa Moçambicana de Seguros, which in 2017 will have its 40th anniversary, in addition to agricultural insurance, is preparing to offer natural resources insurance, particularly for oil and natural gas. It plans to create a specific company for this area called Moçambique Seguros. (macauhub)