Insurance against agricultural calamities

The minister of agriculture and rural development has announced the establishment of advisory offices in charge of boosting insurance operations and rural credit. Similarly, the Conseil National des Assurances (CNA) is studying the possibility of introducing an insurance scheme against agricultural calamities (“DACA”). This survey is conducted in association with the regulatory authorities, insurers, reinsurers, farmers and experts. The legal texts will be finalized in the course of 2010.