Service Documents
Agricultural Risk
FSB Re is committed to providing you with secure, specialized reinsurance protection for your agriculture risks. Agriculture has historically been a driving force of economic development in Sub-Saharan Africa.
With the increasing demand for industrial raw material, food security and climate change, demand for agriculture insurance has been on the increase. We provide capacity for your agriculture insurance needs.
- Crop Insurance
- Commercial Livestock
- Agricultural produce in storage or transit
- Fisheries Insurance
General Outlook on Agricultural Risk
As is typical in most African countries, agriculture accounts for around 24.4% of nominal GDP and 48.19% employment in Nigeria (National Bureau of Statistics 2017). Population estimates and forecasts also indicate a rapidly growing African population which portends an influx of capital.
The sector is considered as a prime building block with not only huge market potential but also inherent societal and financial risks. We are committed to providing you with secure, specialized reinsurance protection for your agriculture risks using our superior knowledge and data collection capabilities.
