Expert Calls For Improved Insurance Awareness Of Farmers To Boost Penetration  

Ekerete Gam-Ikon, an insurance expert has said that enlightening farmers or scaling up insurance awareness will spur more of them into developing agricultural insurance policies.

Gam-Ikon, the Convener of ‘Insurance September’ while speaking with the News Agency of Nigeria (NAN) in Abuja on Monday said 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 a loan, they are told to pay a certain percentage as a premium.

“We believe that if we succeed in improving farmers' insurance experiences and relationships, 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.

Gam-Ikon said the farmers’ awareness, which would be held on September 29 would be hosted by ThriveAgric, an agriculture technology company.

According to him, the 2022 ‘Insurance September’ awareness is themed  ‘Insurance for Farmers by Farmers’.