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What does it require to build a successful model of the crop insurance with state support?

There are several great examples on the territory of Eurasia that represent well-tailored working models of crop insurance with state support. For many years Israel (KANAT) and Turkey (TARSIM) are being great examples of such effective systems. These countries managed to create and continuously develop highly effective crop insurance programs with the state support.

Each of the mentioned countries had its own, different, way and approach. Though, the result is the same – effectiveness and prompt reaction to the solutions on natural and man-made risks that agricultural producers come across more and more in the recent years. These systems are being in the process of constant development and evolution. They constantly train new loss adjusters and surveyors, broaden the line of insurance products and vary their approaches, looking at the global market changes.

Turkish example (ТARSIM) is very easy to explain in just one sentence – the whole territory of the country is covered with more than 700 loss adjusters and crop insurance experts, while the total premiums reinsured are over 200 million euro annually. Ukraine, considering approximately the same territory as Turkey has, officially involves only 30 certified professional loss adjusters and crop insurance specialists in the country. They have recently passed the certification training course and graduated the specialized program in 2012. As for the Ukrainian Agricultural Pool reinsurance, the government and Pool management failed to attract attention of any world TOP-10 reinsurer in 2012. Russian Federation has the situation, which is even more critical, considering the country’s potential and vast rural territories. It is really difficult to compare Ukraine and Russia with Turkey and Israel.

At the beginning of March 2013, TOP-management representatives of TARSIM and KANAT will share their immense experience in building and coordinating operations of successful agricultural insurance systems with government support. Mr. Necati Icer (TARSIM, Turkey) and Mr. David Gizburg (KANAT, Israel) are among those professionals who were in the process of building such effective systems from a scratch, and who are still actively participating in their development and operations. Their presentations and experience sharing would be available to all participants of the International Conference “Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia”, that is going to be held on March 4-6, 2013, in Kyiv, Ukraine.

Also, the first significant results and plans for 2013 would be presented by Natalia Gerasymenko, PhD, who had been the key developer and coordinator of the Ukrainian state loss adjusters training and certification program. It is obvious that the required number of qualified crop insurance experts and loss adjusters is much higher than it is represented in Ukraine today. This program, and its first results, is a very good example of paying attention to the critical issue – lack of professionals in crop insurance in CIS countries. The general trend and Turkish experience show that the required number of such specialists in Ukraine and Russia would obviously grow significantly.

Another vitally important issue for crop growers and animal breeders is represented in a separate block of the Conference – the Agricultural Finance and Bank Loans for agricultural producers in common programs with Crop Insurance. This block would provide solutions, both to bankers and farmers, as well as examples of the best experience and practice used in European, and other countries. Crop and livestock insurance is tightly connected to the agricultural finance issues. Special insurance programs provide real coverage for possible risks, especially when significant investment and/or financing is involved. In this block, the Head of IFC Operations (Ukraine) – Elena Voloshina would share her presentation on the agricultural finance and insurance topics from te World Bank view and prospective. There are also more presentations are expected from the leading Banks involved in financing CIS agriculture.

For details on the Conference Agenda and Speakers please visit the link: http://agroinsconf.com/?page_id=376

Their participation and support for the Conference have already confirmed: Ukrainian Agricultural Insurance Pool and Insurers – members of the Pool, as well as state regulating authorities of Ukraine, Russia, Turkey and Israel.

The participants from the following companies have already confirmed their registrations: Dupont, Willis, IC Strakhovye Garantii (Ukraine), Dominanta (Ukraine), Ingo Ukraine, Ingosstrakh, MSK Insurance Company (Russia), AIAG, SwissRe, SCOR, Guy Carpenter, Aldagi BCI, Geosys, Gras Savoye Ukraine, , Concordia TUW, Novae Re, Polish Re, Catlin, Arch Reinsurance Europe, Barnett Waddingham, KANAT, TARSIM, IFC, etc.

The “Late Registration” for the Conference would come into effect since January 20, 2013. Please, consider your registration early, if possible. For registration, please follow the link: http://agroinsconf.com/?page_id=331

For the Conference details on Marketing and Sponsorship Opportunities see the event’s official web-site: www.agroinsconf.com

Place for venue:    InterContinental Hotel, Kyiv, Ukraine Dates:  March 4 – 6, 2013 Conference Organizers:   www.AgroInsurance.com ProjectOfficial web-site:    www.agroinsconf.com  Contact e-mail:    info@agroinsconf.com

About the Organizers:www.AgroInsurance.com Project’s Experts Team is active on the agricultural insurance market since 2001. It actively interacts and cooperates with insurance and reinsurance companies in CIS, Europe and Asia. Project experts provided consulting services to different companies, governmental and non-governmental organizations in Russia, Ukraine, Moldova, Georgia, Albania, China and other countries. Over 400 trainings events have been organized covering different technical issues on crop & animal insurance, and risk-management in agricultural sector. Training sessions are specifically designed for specialists dealing with product design, underwriting, loss adjustment and other issues. We have provided consultations to the government agencies on designing and launching subsidized agricultural insurance programs.