‘Improve Insurance Awareness Of Farmers To Boost Penetration’

An insurance practitioner, Mr Ekerete Gam-Ikon,  has stressed the need to improve farmers’ awareness of  insurance to boost the performance of agricultural insurance policies.

Gam-Ikon, the Convener of ‘Insurance September’ said yesterday, in Abuja that most farmers did not understand the structure of agriculture-based insurance policies.

He said the ‘Insurance September’ platform would be used to engage and educate the farmers.

“Insurance September is about engaging insurance policyholders.

“What informed our focusing on farmers for this year’s edition is because in the last three years, we have been involved in responding to the questions of farmers about insurance.

“The way agriculture insurance policies are structured, farmers do not seem to have an understanding of them, and so once they take loan, they are told to pay certain percentage as premium.

“We believe that if we succeed in improving the insurance experiences of farmers and insurance relationship, it will go a long way.

“We will be able to take the positions of farmers to different insurance associations and companies doing agriculture insurance,’’ he said.