The first AfDB Digital Finance Week (DFW) took place from September 19-22, 2016 in the CCIA Building in Abidjan.
The new company will come up with products that suits the particular needs of rural banks.
The effects of climate change have increased the need for agriculture insurance.
Says 2015 Landscape of Microinsurance Africa study launched today
It will encourage insurance firms to come up with new products targeting the low-income market segment.
It will also offer Insurance Premium Financing products.
It has received an agreement from CIMA.
It wants to dispel the common view that insurance only covers employees in formal employment.
The National Association of Microfinance Banks (NAMB) called on the National Insurance Commission (NAICOM) not to delay the commencement date when microfinance institutions will be able to provide microinsurance products.
Kilimo Salama, an agricultural insurance initiative, has urged banks to consider micro-insurance policies as collateral to facilitate access to credit to rural farmers.