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Unitrust Insurance Co. Limited has secured the approval of the National Insurance Commission (NAICOM) to underwrite agricultural risks, the Managing Director/Chief Executive Officer of the firm, John Ijerheime, has said.
Ijerheime stated that the ‘no objection’ nod would enable the organisation to support farmers and service providers in the agricultural value chain for greater sustainability and growth.
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According to him, among the products approved for the insurer are multi-perils, livestock insurance, poultry, fishery and fish farm, area yield index agricultural insurance
He said the agribusiness sector in Nigeria needs insurance to remain sustainable and achieve long-term growth.
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