AXA Senegal, Banque Agricole, and the National Agricultural Insurance Company of Senegal (CNAAS) have officially signed a strategic partnership aimed at strengthening the financial protection of rural actors in Senegal. This tripartite agreement involves the distribution of an inclusive micro-insurance product called FAGARU+, intended for Banque Agricole customers who have taken out a loan backed by agricultural insurance, particularly farmers, breeders, and fishermen.
The initiative aims to provide rural families with financial coverage in case of illness, accident, or death, thereby helping to secure their income and resilience in the face of life’s uncertainties.
Through this partnership, the three institutions reaffirm their common commitment to facilitating access to protection solutions adapted to the socio-economic realities of rural areas. The press release emphasizes that this is a major step in the collective mission of sustainable protection for Senegalese producers.
In this arrangement, Banque Agricole continues its historical role in financing and supporting agricultural actors. CNAAS, on the other hand, continues to ensure the protection of land and crops against climate and agricultural risks. AXA Senegal brings its international expertise in insurance and local presence to ensure prompt, transparent, and dignified compensation.
Every day, millions of farmers, breeders, and fishermen contribute to feeding the country. This partnership represents a concrete advancement in better protecting those who are the foundation of national food security.
AXA Senegal is an insurance company operating in Senegal, a subsidiary of the international AXA group. It offers a wide range of life and non-life insurance products, as well as financial services for individuals, businesses, and institutions.
Banque Agricole (LBA) is a Senegalese public financial institution specializing in financing the agricultural and rural sector.
The National Agricultural Insurance Company of Senegal (CNAAS) is a Senegalese public insurer specialized in covering agricultural risks.
