Leadway Assurance Introduces Index-based Livestock Insurance Policy

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Leadway Assurance Company Limited has introduced Index-Based Livestock Insurance (IBLI) to enhance the agricultural sector of the country.

“For too long, our farmers have been exposed to the unpredictability of our weather conditions, attributable to climate change and other unforeseen events that can devastate their livestock, thereby affecting their livelihoods.

On his part, the managing director/CEO, Leadway Assurance, Mr. Tunde Hassan-Odukale, stated that, this launch represents a pivotal moment in the industry’s history as his insurer is redefining insurance product development in Nigeria by leveraging technology and big data to create solutions that directly address the needs of its clients.

“By providing farmers with a reliable safety net through this product, we are not only mitigating risks but also fostering economic stability in the agricultural sector. As a company, we are proud to be at the forefront of this transformation, and we firmly believe that this innovative approach will drive progress and prosperity for Nigerian farmers.”

 

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