Agricultural Insurance: CNMA, AGRODIV Group Ink Partnership Agreement

BY: Hana Saada

ALGIERS- The National Agricultural Mutual Insurance Fund (CNMA) and the state-owned agro-industry group, “Agrodiv Spa,” have signed a partnership agreement aimed at providing insurance coverage for the assets of the agricultural group. This coverage extends to the liabilities arising from the group’s economic activities and its branches. The partnership involves support in terms of insurance and risk management, according to a statement from CNMA on Sunday.

The agreement, signed at Agrodiv’s headquarters in Algiers, outlines CNMA’s commitment to managing strategic risks, especially those related to the food industry. This includes risks associated with cereals and legumes stored in silos, as well as fungal diseases that could threaten plants and crops. Such threats could have consequences for the food supply chain, causing disruptions, economic losses, and posing a risk to national sovereignty.

Competent experts in agricultural cooperation play a central role in addressing the complexities of this field. Their goal is to design carefully crafted solutions to anticipate danger and mitigate the impact of specific risks faced by participants in the food industry. This is crucial for protecting the food supply chain and ensuring food security in the country.

According to the statement, this partnership underscores the determination of agricultural cooperation to support the sustainable development of the agri-food industry. It aims to provide insurance coverage tailored to the industry’s needs, safeguarding the products of the “Agrodiv” group and contributing to the sector’s sustainable growth. The collaboration is expected to create an environment conducive to innovation for both parties, fostering fruitful long-term cooperation.

Leveraging its extensive experience in risk management, the National Agricultural Mutual Insurance Fund offers a range of insurance products that enable the Agrodiv group to protect itself in the face of various risks.

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