Published: Thursday, October 24, 2024, 13:33 | Category: Economy
Algiers – The National Agricultural Cooperation Fund (CNMA) and the Association of Contractors and Industrialists in Algeria (CIPA) have signed a framework partnership agreement to formalize their relationship, particularly in the area of insurance. This agreement aims to provide tailored insurance solutions for contractors and industrialists, according to a statement released by the CNMA.
The signing ceremony took place in Blida, where the Director General of the CNMA, Cherif Benhabyles, and the President of CIPA, Rachid Bouhamid, formalized the partnership on the sidelines of a conference held at the Blida Military Club. The event was attended by the Governor of Blida along with executives from both organizations.
Customized Insurance Solutions for Industrial Needs
Under this agreement, the CNMA commits to offering a variety of insurance products specifically designed to meet the needs of the Association of Contractors and Industrialists and its members. These products will cover risks related to industrial activities, offer financial protection, and provide customized solutions with competitive guarantees and preferential rates.
The partnership will focus on several key areas, including:
- Training and support for CIPA executives, employees, and members in risk management.
- Promoting risk prevention strategies.
- Supporting member institutions in their development projects by providing tailored insurance products and consulting services.
According to the CNMA, this partnership aims to strengthen the relationship between the two organizations to ensure better management of industrial risks, given the CNMA’s pivotal role in Algeria’s insurance market.
Raising Awareness Among Industrialists
The conference, held alongside the signing, aimed to raise awareness among industrialists about the risks associated with their operations and to highlight the vital role the CNMA can play in protecting their investments.
As a consulting insurer, the CNMA took the opportunity to enhance its image as a reliable partner in risk management. The organization also introduced solutions tailored to the management of industrial risks, emphasizing that such proactive management is crucial for ensuring business sustainability.
Expanding the CNMA’s Role Beyond Agriculture
The partnership marks a significant milestone for the CNMA, reaffirming its role not only in the agricultural sector but also in industrial and agri-industrial markets. Through this collaboration, the CNMA aims to accompany contractors and industrialists in their development efforts, providing insurance products that align with current industrial challenges.
A New Era of Resilience for Algerian Enterprises
This partnership signals a new phase in the collaboration between the CNMA and CIPA, as both institutions commit to enhancing the resilience of Algerian enterprises against industrial risks. By pooling their expertise, both parties aim to develop sustainable solutions that protect companies and facilitate their growth in a secure environment.
For more updates on Algeria’s economic developments and insurance strategies, visit our website: DZWATCH.DZ
Author: nor-eleslam
Keywords: CNMA, CIPA, Algeria industrial insurance, partnership agreement, risk management, economic development, insurance solutions
