RESULT STORIES
       Global Index Insurance
       Facility | GIIF                                                             SENEGAL
Featuring Mr. Ndianko Sakho, former president of the
Rural Council (interview conducted in Wolof).


As GIIF partners for the development of index insurance in
Senegal, PlaNet Guarantee and the National Insurance
Company of Senegal (Compagnie Nationale d’Assurance
Agricole du Sénégal, or CNAAS) have implemented a
range of authorized index insurance solutions responding
to the demand of agricultural producers to have access to
drought-risk coverage for their rain-fed crops. In Senegal,
PlaNet Guarantee supports agricultural cooperatives in their
risk management strategies by offering climate-related
insurance policies, as well as by providing technical training
for their staffs, and raising awareness of index insurance
among their members. Its partnership with the Mabo Millet
Network is a concrete example of its activities in Senegal.


Ndianko Sakho, former President of the Rural Council, was
born Mabo in the Kaffrine region. Located in the Sudano-     Mr. Ndianko Sakho, millet producer, subscribed to agricultural Index-
                                                             based Insurance in 2015 and 2016.
Sahelian climate, which is comprised of a rainy season from
                                                             Photo credit : PlaNet Guarantee / Sébastien WEBER & Amath Diama
June to October and a dry season from November to May,
                                                             COBAR.
this part of Senegal is characterized by sandy Dior soils on
flat terrain. The region is affected by monsoons and the Harmattan, a dry and dusty northeasterly wind which blows
from the Sahara Desert over the West African subcontinent.


Mr. Sakho is one of 152 members of the Mabo Millet Network who subscribed to index insurance in 2016. 'The land
never lies' he says. 'When it is threatened by human or natural factors, it shows. Promotion of good agricultural
practices could change human behavior. The transfer of insurable natural risks would not only contribute to food
security, but would also stabilize our incomes. In the context of rainfall deficits and long dry spells beyond our control,
there is an urgent need for agricultural producers to purchase insurance, like stakeholders in other sectors do.'



                                              Global Index Insurance Facility is funded by
RESULT STORIES
In the context of rainfall deficits and long dry spells beyond our control, there is an urgent need for agricultural
producers to purchase insurance, like stakeholders in other sectors do.'


The state subsidizes close to 50% of the index insurance premium paid to cover millet production against drought risks.
With that in mind, it is important that the process management is transparent and inclusive to the miller producers. 'In
the past, farmers had no tools for climate risk management' says Mr. Sakho. 'Today, with the introduction of agricultural
insurance, some of our concerns are taken into account. The real challenge now is to set up a national network of
coverage in order to allow all Senegalese farmers to have access to agricultural index microinsurance.'




IMPACT STATEMENT
According to Mr. Sakho, subscribing to agricultural
index insurance index has had the following positive
impacts in Senegal:
■	Credibility of the Economic Interest Group (EIG)’s
   financial structure, since its agricultural credit
   portfolio is now secured (with a low default rate)
   in case of drought;
■	It is now easier to obtain the funding needed for
   good agricultural performance;
■	There is much less psychological stress related to
   rainfall deficit for those who are insured;
  Additional source of income for our network
■	
  thanks to commissions earned after sales;
                                                             Automatic rain gauge
■	Increased investments in agriculture among almost
                                                             Photo credit: PlaNet Guarantee / Sébastien WEBER & Amath Diama COBAR.
   all members of the EIG, which will undoubtedly
   have a considerable effect on food security


Index insurance is an important lever of socio-economic development for agricultural producers.




                                 Global Index Insurance Facility is funded by                                                 2