Agricultural insurance protects against loss of or damage to crops or livestock. It has great potential to provide value to low-income farmers and their communities, both by protecting farmers when shocks occur and by encouraging greater investment in crops.
Agro consortium is a coalition of ten insurance companies that was set up to provide agriculture insurance under the Uganda Agriculture Insurance Scheme (UAIS).
These insurance companies are: APA Insurance (Uganda) Ltd, CIC General Insurance Uganda Ltd, First Insurance Company, Goldstar Insurance Company Ltd and Jubilee insurance, Lion Assurance, NIC General Insurance Company Ltd, PAX Insurance, Phoenix of Uganda Assurance Company Ltd and UAP-Old Mutual Insurance Uganda Ltd.
Crops covered: Coffee, cotton, tea, maize, beans, rice, bananas, barley, Irish potatoes, oil seeds, fruit trees and horticulture.
Livestock covered: Cattle, poultry, pigs, and fish.
