HARGEISA, Somaliland (Horn post) The National Insurance Authority on Monday officially launched a major new initiative aimed at strengthening Somaliland’s insurance sector through the introduction of climate risk insurance, marking the first project of its kind in the country.
The program will be jointly implemented by the National Insurance Authority and the World Food Program, as part of broader efforts to protect vulnerable communities from the growing impacts of climate change and natural disasters.
The launch and inception meeting, held in Hargeisa, was chaired by The National Insurance Authority Deputy Chairman Abdirashid Said Mohamed, who is currently serving as acting chairman of the authority.
Senior government officials and development partners attended the event, including The National Insurance Authority Director General Abdisalan Mohamed Mahmoud, Deputy Minister of Livestock and Rural Development Ali Ahmed Abdi, also known as Ali Qantar, and NADFOR Chairman Abdirahman Mohamed Ismail.
Representatives from the ministries of agriculture and environment also participated, alongside a delegation from the World Food Program led by Acting Head of the Hargeisa Office John Mazunda. Additional attendees included Maria Ahmed of Tamini Insurance and The National Insurance Authority Senior Adviser Aadan Ismail Hassan.
Officials said the project is designed to enhance climate-related insurance systems in Somaliland to reduce the economic and social impact of droughts, floods and other environmental disasters, particularly on rural and vulnerable communities.
The meeting concluded with an agreement among stakeholders to strengthen cooperation and immediately begin the first phase of implementation.
The National Insurance Authority said it remains committed to expanding modern, transparent and comprehensive insurance services across Somaliland as part of efforts to improve financial protection and resilience.
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Prepared by:
Horn post staff
Hargeisa News Desk
