Business

Insurance firm to support more farmers

TRYNESS TEMBO, Lusaka
MAYFAIR Insurance Company intends to increase the number of farmers being supported under the weather index insurance product from 7,500 in the 2015/16 season to over 10,000 in the 2016/17 season.
In the 2014/15 season, the company launched the product and piloted it among 2,000 farmers in Lufwanyama and Mpongwe to protect them against extreme weather that affects production.
. Mayfair Insurance Company Zambia agriculture specialist manager Humphrey Mulele said the company is working in partnership with the Zambia National Farmers Union to implement the programme.
“In the 2015/16 season, we supported 7,500 farmers, and we want to scale it up in the next season to over 10,000 farmers under the weather index insurance. The product covers losses associated with bad weather such as drought,” Mr Mulele said in an interview last week.
He also called on farmers to insure their crops in the coming season, in view of climate change, to mitigate against losses.
Mr Mulele, however, said on clams for the 2015/16 season, the company is currently on the ground evaluating the damage, and once it is done, payments will be made.
He said so far, the firm has already received applications from Nyimba, Katete and Kapiri Mposhi.

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