The National Agricultural Mutual Fund (CNMA) has developed a new insurance scheme for agricultural activity, dedicated to covering major risks related to climate change, mainly drought, said CNMA Director General Cherif Benhabiles, specifying that this programme is designed to cover, in its first phase, the cereal sector.
In a statement released to Algerian Press Service, Mr Benhabiles indicated that this new system, which falls within the framework of the strategic orientations of the national agricultural sector, aims to create an integrated system to support the farmer "by insuring the major risks linked to climate change, in particular, the lack of rainfall which causes drought".
He stressed that this new long-awaited insurance product will be intended "in its first phase, to insure the cereal sector in all its varieties, being considered a national priority in the context of preserving food security".
He reaffirmed the CNMA’s full readiness to support the rollout of the new scheme once the regulatory procedures being developed by the relevant authorities, particularly the Ministry of Agriculture, Rural Development and Fisheries and the Ministry of Finance, are completed. This, he said, will pave the way for the launch of the product.
Commenting on the state of agricultural insurance in Algeria, Mr Benhabiles added that the CNMA is stepping up efforts to expand farmer participation, especially in key segments such as cereal farming. Drawing on its industry expertise, the mutual is working to strengthen insurance awareness, tailor products to evolving risk realities and enhance on-the-ground support.
He added that the CNMA is prioritising faster claims settlement, seen as vital to building trust — with the aim of positioning insurance as a practical tool that enables farmers to sustain investment and maintain production levels.