{"id":30217,"date":"2022-12-01T16:00:54","date_gmt":"2022-12-01T16:00:54","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance"},"modified":"2022-12-01T16:14:28","modified_gmt":"2022-12-01T16:14:28","slug":"emose-wins-contract-to-provide-disaster-insurance","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance","title":{"rendered":"EMOSE wins contract to provide disaster insurance"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>The Mozambican Insurance Company (EMOSE) has been contracted by the state to provide sovereign insurance against natural disasters, Chairman of the Board of Directors Joaquim Langa announced on Tuesday (29-11).<\/p>\n<p>The day before, though (Monday, 28-11), Deputy Minister of Economy and Finance, Carla Louveira, had said that there was still no contracted company.<\/p>\n<p>\u201cEMOSE has already won and has already signed the contract with the state,\u201d Langa said when asked if the company had competed to provide disaster insurance.<\/p>\n<p>Speaking on the sidelines of the International Conference on Sovereign Disasters Insurance, the EMOSE CEO explained that the contract is for three years, and only for the rainy seasons. The premium would be US$4 million per season, corresponding to US$12 million over three years.<\/p>\n<p>Sovereign insurance is taken out by governments to protect people and property from bad weather.<\/p>\n<p>Langa did not specify the indemnity margins, but explained that \u201cindices were established, both for insurance activation and indemnities. Therefore, when there is reason, we will have to compensate those affected, up to the limits established. The compensation is channelled in the first instance to the policyholder \u2013 in this case, the government \u2013 and will then be redistributed to the affected parties\u201d.<\/p>\n<p>The operation of this type of insurance, also known as the \u201cDisaster Risk Management and Resilience Programme\u201d, is supported by the World Bank.<\/p>\n<p>The government is also contemplating another insurance programme, called the \u2018African Risk Capacity Program\u2019, in partnership with the African Development Bank (AfDB). This insurance will carry a premium of US$2 million.<\/p>\n<p><b>By<\/b> Evaristo Chilingue<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. The Mozambican Insurance Company (EMOSE) has been contracted by the state to provide sovereign insurance against natural disasters, Chairman of the Board of Directors Joaquim Langa announced on Tuesday (29-11). The day before, though (Monday, 28-11), Deputy Minister of Economy and Finance, Carla Louveira, had said that there was still no contracted [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":30216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-30217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EMOSE wins contract to provide disaster insurance - Mozambique<\/title>\n<meta name=\"description\" content=\"The Mozambican Insurance Company (EMOSE) has been contracted by the state to provide sovereign insurance against natural ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMOSE wins contract to provide disaster insurance\" \/>\n<meta property=\"og:description\" content=\"The Mozambican Insurance Company (EMOSE) has been contracted by the state to provide sovereign insurance against natural ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-01T16:00:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-01T16:14:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669897866.32.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"438\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"EMOSE wins contract to provide disaster insurance\",\"datePublished\":\"2022-12-01T16:00:54+00:00\",\"dateModified\":\"2022-12-01T16:14:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance\"},\"wordCount\":275,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669897866.32.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/emose-wins-contract-to-provide-disaster-insurance\",\"name\":\"EMOSE wins contract to provide disaster insurance - 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