55 The success of the pilot led to a major development in the last quarter of 2023 with the addition of the cocoa sector and the agricultural producers programme for rice and cocoa farmers being launched, after regulatory approval for the parametric product and endorsement from the WFP. We currently cover 5 000 beneficiaries under the meso policy, which the WFP subsidises. Due to the innovative meso insurance framework, the WFP has been able to digitally subscribe the beneficiaries, all members of various agricultural associations. The WFP has also been enabled to access parametric insurance from the following local insurance companies – AXA Côte d’Ivoire, Atlantique Assurances, and Allianz Côte d’Ivoire. Additional support is provided by local and international technical agencies such as Sarmap, L'Agence Nationale d'Appui au Développement Rural (ANADER) and Societe d’Exploitation et de Développement Aéroportuaire, Aéronautique et Météorologique (Sodexam), and their reinsurers, including AXA Climate, Allianz Re and Continental Re. Our ambition as partners in Côte d’Ivoire is to cover 50 000 rice and cocoa producers in 2024. 3RD LARGEST RICE-PRODUCING COUNTRY IN WEST AFRICA NON - SOVERE I GN BUS I NESS – CÔTE D ’ I VO I RE 70KG RICE CONSUMED PER CAPITA PER ANNUM
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