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Hollard, a leading Pan-African insurer, is bucking traditional marketing trends by using unconventional methods to drive financial literacy and encourage insurance uptake in cyclone-prone Mozambique through relatable, yet simple and effective techniques that are rapidly gaining traction. Israel Muchena, Managing Director of Life & Agricultural Insurance at Hollard, says that financial literacy levels are low in Mozambique, and this hinders broader access to the insurance needed to protect small-holder farmers from the risk of climatic disaster. Higher levels of financial literacy can only be achieved if the concept of insurance is demystified, made relatable and communicated in Indigenous languages, he points out. Muchena’s remarks come in response to Mozambican Deputy Minister of...

With Zambia having recently commemorated Farmer's Day and the contributions and work made by farmers in the agricultural sector in the country, Hollard has highlighted the importance of ensuring the sustainability of farming in the country, by providing adequate disaster risk financing mechanisms as a means to protect farmers against natural and man-made disasters. Choolwe Sianyinda, Chief Operating Officer of Hollard says, “The long-term sustainability of the agricultural sector in Zambia and prospects for the country’s socio-development hinges on the adoption of adequate cover and protection to mitigate against the increasingly volatile and erratic weather patterns - which are largely attributed to climate change - placing an extra burden on food security.” The socio-economic developme...

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The role of insurance in bridging financial exclusion in Mozambique

Insurance has a crucial role to play in driving the sustainability of farming and give impetus to Zambia’s socio-economic development