202 words…about a minute read

One big thing: Aon announced a collaboration with the African Development Bank and Amini to increase crop insurance capacity across Africa, support smallholder farmers’ resilience and accelerate the use of nature-positive practices.

• The collaboration intends to leverage first-of-its-kind, farm-level data produced by Amini that is intended to enable Aon’s support of the African Development Bank’s Africa Climate Risk Insurance Facility for Adaptation so that it can develop innovative de-risking solutions and build capacity to assess and monitor the changing risk environment across the continent. Farmers would then use the data to make better-informed decisions — which will lead to greater resiliency and yield improvements.
• Aon President, Eric Andersen, said, “Aon supports our clients as they face increasing, interconnected climate risks. Risk capital is a vital component of the climate transition and insurance stakeholders must innovate faster to address the world’s rapidly changing needs. Our collaboration with the African Development Bank and Amini is a perfect example of a more holistic approach to risk.”
• Aon has shared insights on how good agricultural practices reduce emissions, expand carbon sequestration and benefit the supply chain. Read more here.
• Read more in Africa Business Communities, Commercial Risk, Global Data, iGrow News, Life Insurance International and Reinsurance News.