The Sunday News
Sunday News Reporter
THE AFC Insurance Company has accelerated the provision of numerous short-term insurance merchandise by means of a fast enlargement technique throughout the nation.
The not too long ago licensed entity has already made important headway in the direction of making certain that insurance cowl is made accessible to thousands and thousands of households throughout the nation, with a deliberate give attention to agriculture insurance, in a transfer that’s set to alter the face of agriculture insurance in Zimbabwe and throughout Africa.
As half of the AFC Group of corporations, which was mandated to rework agriculture within the nation, AFC Insurance Company is available in as a key agent to drive the monetary inclusion agenda. The AFC Group of corporations offers unparalleled comfort as a one-stop store which provides a cutting-edge monetary services and revolutionary mechanisation options throughout the agricultural worth chain.
Among different merchandise that might be supplied by AFC Insurance Company are listed crop insurance merchandise for various crops and agricultural areas, infrastructure growth insurance for dam building, irrigation and different developmental initiatives. Traditional merchandise like motorized vehicle insurance and hearth/property insurance are additionally being supplied to enrich the suite of merchandise and supply a full bouquet.
“Group synergies remain central in the execution of our insurance strategy. With the AFC Commercial Bank, AFC Land and Development Bank and the AFC Leasing Company as part of the AFC family, our insurance business is set to offer unparalleled service under one roof. We continue to ensure that we leave no one and no place behind in line with our mandate to transform agriculture and drive financial inclusion across the country,” stated AFC Holdings Group CEO Mr Francis Macheka.
“AFC Insurance Company has been strategically positioned to ensure that no farmer goes un-insured during this summer cropping season and beyond in the event of a drought or crop failure farmers should not suffer. Livestock insurance has also remained neglected for the longest of time and we are now covering this as well,” stated Mr Macheka.
Farmers throughout the nation have welcomed this growth because it now leaves farmers much less uncovered. “Insurance has always been perceived to be a product for the elite. Smallholder farmers in particular have always remained exposed whenever there is a drought or crop failure and we are now working very closely with the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development to ensure that this is a thing of the past and drive Vision 2030 forward while ensuring food security,” continued Mr Macheka.
Macheka suggested that the AFC Insurance firm was going past agriculture to cowl different hazards equivalent to property, theft, hearth and huge infrastructure growth initiatives which embody main Government initiatives.
“We have been in a pilot phase to test various insurance concepts and are now ready to serve the country and our existing 45 strong branch network will be central to our distribution network,” concluded Mr Macheka.
The operationalisation of the AFC Insurance Company alerts an enormous paradigm shift in driving monetary inclusion within the economy.
