Key results and conclusions of the International Conference " Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia"

20.03.2013
Conference Goals: • Get a clear, practical view of insurance markets in the CIS & Asia and their development • Assess challenges and opportunities existing on fast-growing agricultural insurance markets • Enhance cooperation between insurance companies and governments of different countries • Obtain effective instruments for spurring the development of CIS & Asian markets The international conference Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe and Asia was held in Kiev, on March 4 – 6, 2013. The event was attended by 104 delegates from 22 countries representing 74 companies. The conference was attended by reinsurance companies, insurance companies, broker firms, banks, agricultural holdings and insurance consultants. Representatives of the International Association of Agricultural Insurers (AIAG), the National Union of Agricultural Insurers of Russia and the Ukrainian League of Insurance Organizations participated in this event as well. Other guests and active participants included representatives of  government agencies and ministries of countries such as Ukraine, Russia, Kazakhstan and Turkey. Agricultural Insurance Development in Different Countries A variety of agricultural insurance markets existing in such countries as Ukraine, Russia, Georgia, Poland, Austria, Turkey, Israel, South Africa, and others were discussed during the conference . Most of these countries put special emphasis on the importance of subsidized agricultural insurance. Professional associations of agricultural insurers are also greatly involved in fostering the development of their respective national markets. According to Necati Icer, the technical manager of agricultural insurance pool TARSIM, over six years of their strong experience on the Turkish market, their company has succeeded in training more than 1,700 loss adjusters and surveyors in agricultural insurance. In Turkey, such specialists are proportionally divided between livestock and crop insurance. Key crops insured in Turkey include wheat, tomatoes, grapes and olives. Overall, farmers in Turkey can insure a total of 36 crops. State support in Turkey is provided through the management company, TARSIM. The company`s board of directors includes representatives of the Ministry of Agriculture, the Undersecretariat of the Treasury and directors of insurance companies that are members of the Pool. TARSIM collects insurance premiums directly from agricultural producers and receives subsidies (50%-66%) from the government. Insurance payouts are handled by TARSIM as well. The company then transfers its collected risks to the world’s leading reinsurers. Over six years of the company’s activity, agricultural insurance penetration has increased from 1% (2006) to 8.2% (2012). The amount of premiums collected has soared from 27 million euro in 2006 to over 200 million euro in 2012. The agricultural insurance model developed in Austria is quite similar to the Turkish one. The country’s insurers initiated the establishment of a separate insurance company, Die Österreichische Hagelversicherung, which would deal with agricultural risks only and would not implement any other types of insurance products. The penetration of agricultural insurance in Austria is currently estimated at an impressive 85%, considering the absence of obligatory agricultural insurance in the country. This information was presented by the president of International Association of Agricultural Insurers (AIAG), Dr. Kurt Weinberger. David Ginzburg, the CEO of the company coordinating all subsidized agricultural insurance in Israel, explained in his presentation that in his country agricultural insurance is required by law and 100% of agricultural production in Israel  is insured. State-owned company KANAT was established in 1967 exactly for such purposes, and it now handles all weather-related risks and natural hazards. The company runs all agricultural insurance activities in the country. Insurance premiums in Israel are divided between gardening (42%), vegetable farming (30%), livestock (20%) and field crop production (8%). The amount of premiums collected in Israel in 2012 came to USD 280 million. The experience of South African (Zambia) is highly technological. It has commanded a great deal of interest among conference participants. Louis De Wet, the agricultural insurance product development manager with the ABSA Bank and Insurance Company, shared his experience in developing satellite monitoring systems that support actuarial and underwriting processes in crop insurance. The satellite monitoring and risk assessment technology has greatly facilitated risk management and data collection in the country. Also worth mentioning about Zambia is the fact that the key crop grown in South Africa is corn, accounting for about 60% of total agricultural production in the country. Pierre Rolland, a member of the executive board of GEOSYS (France), also spoke about the development of satellite monitoring systems and technology provided by his company. According to Mr. Rolland, such technology is becoming increasingly more popular both for the purpose of underwriting and risk assessment by insurance companies and for managing precision farming projects and monitoring large areas of land by agricultural producers. Obviously, satellite technologies are much preferred by the insurance business and are utilized more and more by insurance companies around the world, as shown by the South African example. Agricultural Insurance Market Development in Eastern Europe and Central Asia Conference participants discussed at length the development of CIS markets. Most experts agreed that the level of agricultural insurance penetration in Eastern Europe is currently very low. At the same time, this indicates huge upside potential of the market. Representatives of reinsurance companies see that as an opportunity for further growth. Reinsurance professionals placed a great deal of emphasis on the importance of having  an effective  system of government  support in agricultural insurance. The examples of Turkey and Israel clearly show that Ukraine and Russia may potentially reach a ten-fold increase in the amount of insurance premiums collected over the next five years. Representatives of top eight international reinsurance organizations held a series of meetings with CIS insurers. The process of establishing the Ukrainian Agricultural Insurance Pool garnered a lot of attention. Vitaliy Samarskiy, the Pool’s CEO, was one the most active conference participants. He held a series of meetings with many foreign partners, discussing various aspects of agricultural insurance in many countries and the solutions applied at various stages of the formation and development of their systems. Cooperation among Insurance Companies, Market Regulators and Government Agencies Participation of Alla Fedorinova, the deputy director of the Federal Agency for the State Support of Agricultural Insurance under the Ministry of Agriculture of Russia, was very appreciated. In her report, she stressed the fact that independent loss adjusters in Russia currently get involved only in the case of any disputes arising between an insurance company and a farmer. In Ukraine, and in most other European and Asian countries, such specialists are essential to the agricultural insurance process at all stages. Their participation is necessary for surveying the area insured. They are also always called upon if a risk event has occurred and an assessment and payout is needed. Russian authorities are leaning toward implementing the same model of agricultural insurance development as in other countries. Korney Bizhdov, the President of the National Union of Agricultural Insurers of Russia also raised this issue. According to him, independent surveyors play a key role at all stages of agricultural insurance. He also emphasized the importance of professional associations of agricultural insurers in Russia and in other countries. It should be noted that after Mr. Bizhdov`s appointment as President of the Russian National  Union of Agricultural Insurers the agricultural insurance market in Russia got off the ground, and the role of the association in this processes has become more and more visible and significant. President of the Union Korney Bizhdov signed a memorandum on cooperation in agricultural insurance with President of the Ukrainian League of Insurance Organizations Natalia Gudyma. The memorandum aims to promote cooperation in the area of agricultural insurance between the two countries and members of these professional associations. Natalia Gudyma, President of the Ukrainian League of Insurance Organizations, spoke about the state of the agricultural insurance market in Ukraine. The presentation was based on the 2012 IFC report on the agricultural insurance market in Ukraine and the League’s own data obtained from its members. Among other things, the report highlighted the fact that the Ukrainian market is currently undergoing a restructuring and has just gone through a realignment by key market payers in 2013. In the case of Ukraine, reinsurers and insurers also see many opportunities for further development and improvement of the market. The report also discussed the importance of the transparency and predictability of market regulators’ activities, which, sadly, is still an issue at the moment. This greatly impedes the development of agricultural insurance in Ukraine. New Opportunities and Tools The international conference Agricultural Insurance, Reinsurance and Brokerage in the CIS, Europe and Asia created a new platform for interaction and cooperation in the sector of agricultural insurance in Eastern Europe and Central Asia. The event was well organized and drew the attendance and attention of top insurance and reinsurance professionals.Such level of representation not only provided an opportunity for an exchange of information about a variety of international crop insurance markets, but also created a meeting point for many experts and professionals to reach agreements on a number of issues. Foreign experts discovered new opportunities and prospects for crop insurance development in the CIS. The conference drew the attention of international companies to the market environment and offered a new, interesting perspective to look from. According to feedback received from conference participants, the conference should become a regular event and thus will further accelerate the development of agricultural insurance in the CIS, Europe and Asia. About AgroInsurance.com:www.AgroInsurance.com The Project’s Expert Team has been active on the agricultural insurance market since 2001. It interacts and cooperates with insurance and reinsurance companies in the CIS, Europe and Asia. Project experts have advised a number of companies and governmental and non-governmental organizations in Russia, Ukraine, Moldova, Georgia, Albania, China and other countries. Over 400 training sessions have been organized on a broad range of technical issues related to crop and animal insurance and risk management in the agricultural sector. Training sessions are designed specifically for professionals working in insurance product design, underwriting, loss adjustment and other areas. We have provided advisory services to government agencies on designing and implementing subsidized crop insurance programs.
02.07.2021

EVENT UPDATE: AgroInsurance Conference will be held on October 4-6, 2021

As the global situation with the COVID-19 is being put under control with the massive vaccination being currently in progress, AgroInsurance team confirms that the International Conference "Agroinsurance, Reinsurance & Brokerage for CIS, Europe & Asia" is planned for October 4-6, 2021 in Biltmore Hotel Tbilisi. We recommend all participants to schedule vaccination in advance to be able to come to Georgia and avoid additional cost on PCR tests. Conference agenda will be updated with the new presentations and speakers, covering the technical aspects of new insurance programs’ development, underwriting, loss adjustment, claims management and application of innovative technology solutions. Program will focus on challenges and technical specifics of introduction and upscaling of crop and livestock insurance programs. Venue will include a Panel Discussion dedicated to the challenges that agricultural insurance industry struggles with, and possible ways to address those challenges with methods, solutions and technologies available. Conference Agenda will also include a 1-day field visit to meet Georgian farmers. Further conference updates will be posted on our official websites www.agroinsconf.com and www.agroinsurance.com. Should you have any specific questions or concerns with the conference dates and travel arrangements, please contact us via admin@agroinsurance.com. COVID-19 related travel requirements to Georgia will be communicated to all registered participants one month prior to the start of the Conference. AgroInsurance Team is looking forward to meeting you in Tbilisi, Georgia in October 2021! Official web page: Place for venue:    Dates:     Conference Organizer: Conference Manager: Conference Administrator: Contact phone:        Contact email: www.agroinsconf.com Biltmore Hotel Tbilisi, Georgia    October 4-6, 2021 AgroInsurance International LLC. – www.AgroInsurance.com Ian Shynkarenko Liudmyla Krychevska +995 599 3 777 01 admin@agroinsurance.com   Source – www.agroinsurance.com

17.10.2019

USA - Colorado’s largest cannabis grower loses millions of dollars in early freeze

The largest marijuana grower in Colorado – Pueblo-based Los Sueños Farms – disclosed it lost millions of dollars during an early winter storm after half the company’s plants froze before harvest could be completed. The crop loss in Southern Colorado is expected to send ripples throughout the state’s cannabis supply chain, reducing the supply of marijuana available to retailers and processors. Those businesses could face higher wholesale cannabis prices. By contrast, extractors could benefit by getting access to additional plant material to manufacture goods such as infused products, edibles and concentrates. With 36 acres in outdoor production, plus an indoor cultivation operation, Los Sueños touts itself as the largest cannabis farm in North America. The company has been harvesting hundreds of thousands of pounds of biomass for five years. “It was going to be a huge, bumper year,” Los Sueños founder Bob DeGabrielle said. “Unfortunately, you can’t do anything about Mother Nature.” With the loss of this magnitude, there will likely be a shortage of flower in an already tight wholesale marijuana flower market. “This is definitely going to affect the entire state’s supply,” said Joshua Haupt, chief revenue officer with Denver-based Medicine Man Technologies. Medicine Man Technologies is in the process of acquiring Los Sueños Farms for $11.9 million. Los Sueños customers had relied on the company for a value-oriented product. But the Oct. 10 storm has put a major crimp on that product pipeline, said DeGabrielle. He said his company supplies biomass for processing for infused-products cannabis companies such as Wana Brands, Dixie Brands and Evolab, among others. All are based in Colorado. DeGabrielle expects processors buying trim will be under pressure to pay higher prices because a lot of what Los Sueños will be selling on the processing market is now high-potency flower, which commands a higher price point. Storm damage The Los Sueños crew was able to cut down about 50%, or 20,000, of a total of 40,000 plants before eight hours of subfreezing temperatures damaged the crop. The area was also blanketed with several inches of snow. DeGabrielle said he was looking at a yield that would have been two to three times bigger than his previous record. But the weather dashed those hopes. To save the crop, it was all-hands-on-deck to help with the harvest once it began snowing. One problem, however: Los Sueños’ greenhouses and hoop houses were already filled with drying plants that had been cut down starting in late September. As a result, the company had little additional storage space. “There was no place else to put much more product,” DeGabrielle added. His crew covered plants with blankets. But 50-mph winds blew off the blankets. The crew also ran hot water into the fields to keep the root mass warm. “We did everything we could do to mitigate what was happening,” DeGabrielle said. According to DeGabrielle, this is the second time in 33 years he has seen such a snow and freeze before Halloween. Crop salvage While the remaining material won’t be sold on the flower market, the company can salvage the biomass and sell it for extraction. DeGabrielle estimated he would have harvested 750,000 pounds of biomass before the storm, and it’s too early to tell what the final numbers will be until everything is harvested. He still needs to process the other 20,000 plants. “It’s kind of like, until the baby comes, how much is it going to weigh?” he said. Despite everything, DeGabrielle expects the yield to come in about 25% better than last year. Workers will be harvesting plants for the next two weeks. After the freeze, DeGabrielle took some plants out of the field and dried them. The biomass tested at 18%-24% THC content. That’s significantly higher than most trim, which tests in the 6%-8% range, according to DeGabrielle. He chalks it up to the majority of the remaining plant material coming from flower, not leaves, which died in the freeze. DeGabrielle emphasized that this isn’t a total loss. “We had some beautiful crops,” he said. “And of what we got we have some beautiful bud to sell.” Source - https://mjbizdaily.com

01.05.2019

Hail world records: the biggest, heaviest, and deadliest hail

Hail is one of the biggest hazards with severe thunderstorms – while it is usually small, and relatively harmless, it may grow to tennis ball sized or even larger. It may cause severe damage, injuries and in extreme cases even death. It forms as super cooled water droplets within a thunderstorm updraft begin freezing onto a condensation nucleus. The super cooled droplets are colder than 0 °C, but still in liquid state. As they come into contact with the growing hailstone they freeze onto it, making it grow. The growing hailstone is kept in the air by the storm’s updraft until it grows too big and heavy for the upward wind to keep it aloft. The hailstone may make a single journey within the updraft, or it may make several journeys, each forming a new layer, producing a concentric onion-like structure. Some hailstones form and grow by many smaller hailstones sticking and freezing together into a large hailstone – such form is called an agglomerate. The largest hailstones sometimes even form long icy horns or spines! The most severe hailstorms and largest hail is usually associated with supercell thunderstorms – it takes high to extreme instability, strong wind shear and dry mid levels for very large hail to form. But just how big and heavy? Read on. LARGEST (DIAMETER) HAILSTONE EVER RECORDED: July 23, 2010 Vivian, South Dakota A 20.3 cm (8.0 inch) hailstone was recorded in the intense hailstorm produced by the July 23, 2010 Vivian, South Dakota severe supercell. The hailstone was found by a Mr. Lee Scott and turned over to the U.S. National Weather Service for certification in Aberdeen, South Dakota. The hailstone had a circumference of 47.3 cm (18.625 inches) and a weight of 0.88 kg (1.9375 pounds)! It even produced an impact pit about 25 cm across on the ground. NWS Aberdeen staff measuring the diameter and circumference of the record-setting hailstone. Note that the ruler is in inches! Photo: NWS Aberdeen. There are other, unconfirmed instances of similarly sized hail reported in the past – Ponca City, Oklahoma is reported have been hit by up to 20-cm hail on April 17, 1935. LARGEST (CIRCUMFERENCE) HAILSTONE EVER RECORDED: June 22, 2003 Aurora, Nebraska A 47.6 cm (18.75 inches) circumference hailstone was recorded on June 22, 2003 on a severe thunderstorm that hit Aurora, Nebraska. The hailstone was 17.8 cm (7.0 inches) in diameter, but no weight was officially recorded as the hailstone partially broke off as it hit a roof of a house. It is very noteworthy, that the hail that hit Hamilton County (including Aurora) produced impact pits on the ground up to 36 cm across! Imagine a melon-sized chunk of ice falling out of the sky? Punching a hole in your car windshield? Your roof? Breaking bone? Hail is one of the biggest hazards with severe thunderstorms – while it is usually small, and relatively harmless, it may grow to tennis ball sized or even larger. It may cause severe damage, injuries and in extreme cases even death. It forms as super cooled water droplets within a thunderstorm updraft begin freezing onto a condensation nucleus. The super cooled droplets are colder than 0 °C, but still in liquid state. As they come into contact with the growing hailstone they freeze onto it, making it grow. The growing hailstone is kept in the air by the storm’s updraft until it grows too big and heavy for the upward wind to keep it aloft. The hailstone may make a single journey within the updraft, or it may make several journeys, each forming a new layer, producing a concentric onion-like structure. Some hailstones form and grow by many smaller hailstones sticking and freezing together into a large hailstone – such form is called an agglomerate. The largest hailstones sometimes even form long icy horns or spines! The most severe hailstorms and largest hail is usually associated with supercell thunderstorms – it takes high to extreme instability, strong wind shear and dry mid levels for very large hail to form. But just how big and heavy? Read on. LARGEST (DIAMETER) HAILSTONE EVER RECORDED: July 23, 2010 Vivian, South Dakota A 20.3 cm (8.0 inch) hailstone was recorded in the intense hailstorm produced by the July 23, 2010 Vivian, South Dakota severe supercell. The hailstone was found by a Mr. Lee Scott and turned over to the U.S. National Weather Service for certification in Aberdeen, South Dakota. The hailstone had a circumference of 47.3 cm (18.625 inches) and a weight of 0.88 kg (1.9375 pounds)! It even produced an impact pit about 25 cm across on the ground. NWS Aberdeen staff measuring the diameter and circumference of the record-setting hailstone. Note that the ruler is in inches! Photo: NWS Aberdeen. There are other, unconfirmed instances of similarly sized hail reported in the past – Ponca City, Oklahoma is reported have been hit by up to 20-cm hail on April 17, 1935. LARGEST (CIRCUMFERENCE) HAILSTONE EVER RECORDED: June 22, 2003 Aurora, Nebraska A 47.6 cm (18.75 inches) circumference hailstone was recorded on June 22, 2003 on a severe thunderstorm that hit Aurora, Nebraska. The hailstone was 17.8 cm (7.0 inches) in diameter, but no weight was officially recorded as the hailstone partially broke off as it hit a roof of a house. It is very noteworthy, that the hail that hit Hamilton County (including Aurora) produced impact pits on the ground up to 36 cm across! NWS Hastings staff measuring the diameter and circumference of the Aurora, Nebraska hailstone. Again, the ruler is in inches! Photo: NWS Hastings. HEAVIEST HAILSTONE EVER RECORDED: April 14, 1986, Gopalganj district, Bangladesh The heaviest hailstone that has been authenticated by authorities fell during an intense severe hailstorm in Gopalganj district of Bangladesh on April 14, 1986. It weighed in at 1.0 kg (2.25 pounds)! The intense hailstorm killed 92 people. In Europe the record is held by an large, 0.97 kg hailstone that fell in Strasbourg, France on August 11, 1958 – unfortunately no dimensions were recorded. BIGGEST HAIL ACCUMULATION ON THE GROUND EVER RECORDED: June 3, 1959, Seldon, Kansas A persistent, virtually stationary hailstorm hit Seldon, Kansas on June 3, 1959, producing a blanket of hail up to 45 cm thick over an area of 140 square kilometers. Aerial view of the 45 cm thick blanket of hail over Seldon, Kansas on June 3, 1959. Photo: Norton Telegram, Norton, Kansas. DEADLIEST HAILSTORM: April 22, 1888, Moradabad & Beheri districts, India The April 22, 1888, Moradabad & Beheri districts, India is the deadliest hailstorm in recorded modern history, with 246 fatailities. Source - http://www.severe-weather.eu

30.04.2018

Post Conference Press Release from the 4th International Conference “Agricultural Insurance, Reinsurance and Brokerage in the CIS, Europe and Asia” - Belgrade, Serbia

  Discussions centered around the following key topics: technical aspects of crop and livestock insurance; the use of agricultural insurance in the banking industry - agricultural bancassurance; underwriting principles in agricultural insurance; the use of modern technology (satellites and drones) in the development and implementation of innovative insurance solutions.  The 4th International Conference “Agricultural Insurance, Reinsurance and Brokerage in the CIS, Europe and Asia” took place on April 16-18, 2018 in Belgrade, Serbia. The conference was attended by more than 90 delegates from 30 countries representing more than 60 companies. Attendees came from leading global reinsurance and insurance firms, insurance brokers and consulting agencies, market regulators, and large financial institutions. The event program centered around an overview of agricultural insurance markets in Central and Eastern Europe, CIS countries, Southeast Asia and Australia.  The presentations focused on discussing ways to improve insurance products available on these markets and to better meet the needs of farmers and government institutions. One presentation that deserves a special mention dealt with the specifics of the evolution of agricultural insurance in the Philippines, Indonesia and Vietnam. It was made by a representative of the German Development Cooperation, GIZ. The presentation discussed specific features of the evolution of public-private partnerships in these countries, the instruments that are commonly used and their role in the development of comprehensive agricultural risk insurance programs. Another section dealt with the finer nuances of agricultural bancassurance development, drawing upon the experience of Serbia and other Central European countries as an example. Delegates from insurance giants Generali, Banca Intesa and Aon brought to light important technical aspects of implementing joint initiatives in bancassurance, underwriting and program administration. The first day concluded with a discussion about technical details of the development and implementation of systemic risk insurance programs. Special emphasis was placed on discussing ways to address drought insurance. Swiss Re and Munich Re spoke about solutions and innovations that are already available to effectively tackle this issue. The section on systemic risks discussed livestock disease and disease containment insurance using Canada as an example. The second day was dedicated to the importance of adopting new technology and innovations, such as satellites and drones. These technologies are more and more commonly used around the world in crop surveillance and agricultural insurance loss adjustment. Every year they also become more and more affordable for insurance companies. Technology and innovations are now commonly used in crop insurance underwriting and risk event probability assessment to calculate insurance rates. The second day concluded with a panel discussion on the use of modern technology in agricultural insurance.  Attendees addressed the challenges of adopting and implementing new technologies and innovations, as evidenced by examples of several technologies being brought together on a single platform combining self-learning AI systems and block chain technology. Companies promoting technical innovations on international markets were particularly keen to hear feedback from agricultural insurance experts to gauge market response and further refine existing technology. Innovative technology is not a distant future concept at all, but something that is already being effectively used on a day-to-day basis by agricultural insurance market players. Summary The International Conference “Agroinsurance and Reinsurance of Agricultural Risks in the CIS, Europe and Asia” has provided an important platform for enhancing cross-sectoral communication and collaboration among agricultural insurance experts all over the world.  The high number of participating countries and organizations fosters an extremely productive exchange of ideas and technical information. Delegates have engaged in numerous meetings and negotiations, which enabled many to gain new knowledge and enhance their understanding of various technical aspects of agricultural insurance. Given the feedback received from 2018 conference participants, Agroinsurance International is likely to continue such events in 2019-2020 with the aim of further promoting agricultural insurance development in emerging countries.  For updates on future events, please visit the conference organizers’ website www.agroinsurance.com. Re-printing is allowed strictly on the condition that all subsequent publications contain a link to the source - www.AgroInsurance.com. All photos from the event are property of Agroinsurance International LLC and can only be reproduced if they contain the Agroinsurance International logo.   About Agroinsurance International Our team has been professionally involved in agricultural insurance since 2001. The website www.AgroInsurance.com was created in 2006 and to this day remains the world's largest online portal on agricultural insurance and risk management. Since its inception in 2006, the project has been working with reinsurance and insurance companies in the CIS, Europe and Asia. Over the lifespan of the project, our team members have seen through to completion numerous consulting assignments for private companies and government agencies in Ukraine, Russia, Moldova, Georgia, Armenia, Albania, Serbia, Kosovo, Mongolia, China and other countries. Altogether, Agroinsurance International experts have delivered more than 400 training sessions on agricultural insurance and agricultural risk management for insurance and banking professionals and government employees around the world. Source - www.agroinsurance.com

04.02.2016

AgroInsurance International – Conference agenda and list of participants updated

The Conference agenda and the List of Participants for the International Conference "Agroinsurance, Reinsurance & Brokerage for CIS, Europe & Asia" have been updated. The list of participants, speakers and presentation topics are already available at the official website www.agroinsconf.com. Conference participants will discuss the current trends and technical specifics of various crop insurance programs, including forestry and aquaculture insurance. The key focus of the event is made on challenges and technical aspects of insurance product development and underwriting. The success factors of insurance programs’ implementation will also be widely discussed on April 11-12, 2016. Conference speakers will share their experience in bundling agricultural insurance with products and services offered by input suppliers and financial institutions, which is currently of an increased interest among insurers and international donor community. As of February 1, 2016, more than 40 participants from 15 countries have already confirmed their participation. Geography of Conference participants includes USA, United Kingdom, Switzerland, Germany, France, Spain, Poland, Macedonia, Israel, Ukraine, Kazakhstan, Russia, Iran and other countries. Participants will represent insurance and reinsurance companies, broker and consulting agencies, state agencies and insurance market regulators, international donor organizations. The list of participants will be updated on a weekly basis. AgroInsurance Conference management invites private insurers from various countries to join the discussion of important technical aspects of agricultural insurance and advises to consider participation of key underwriting and technical staff. Special participation conditions may be provided specifically to direct insurance providers upon their request. Inquiries are accepted through the contacts, as follows: Official web page:              www.agroinsconf.com Place for venue:                 Tbilisi Marriott Courtyard, Georgia Dates:                                  April 11-13, 2016 Conference Organizer:      AgroInsurance International LLC. - www.AgroInsurance.com Conference Manager:        Ian Shynkarenko Contact phone:                  +995 599 3 777 01 Contact e-mail:                  info@agroinsconf.com  Source - www.agroinsurance.com 

06.06.2015

GEOSYS continues its growth and implements GEOSYS Europe in Switzerland, headquarters of its European Operations

GEOSYS the world leader in remote sensing decision support tools for agriculture, formalizes the creation of its new subsidiary in Switzerland, GEOSYS Europe, to better support its clients based in the Europe area and ensure proximity to major international decision-making centers of the agricultural industry. “Our European Sales Team has now its own legal entity which completes our geographical sales organization to cover large agricultural production areas. GEOSYS Europe will allow us to better support our customers in a context where Digital Agriculture knows a fast development phase.” Damien Lepoutre, GEOSYS President and Land O’Lakes VP, said. Pierre ROLLAND, appointed Director of GEOSYS Europe The new entity will be headed by Pierre Rolland, Director EMEA Operations. Pierre Rolland joined GEOSYS in 2005 as Sales Director and significantly contributed to the growth and sales organization in Europe. “The Swiss subsidiary is a platform close to our markets. I welcome this strategic step for the GEOSYS Group. Our double local and international dimension can thus be better valued for our major international clients.” Pierre Rolland said. A strategic location Based in Morges, near Lausanne, GEOSYS Europe benefits from a central geographical location, and offers a great technical support with a multicultural team and a strong presence in France (Paris and Toulouse) and Russia (Krasnodar - 3 resources). GEOSYS Europe becomes the fifth subsidiary of GEOSYS Group.   About GEOSYS GEOSYS combines the most advanced agronomic research with information technologies like GIS and remote sensing to provide the most complete picture for crop production. With more than 25 years in business and projects in more than 50 countries, GEOSYS is the world leader for agricultural information and decision support tools based on remote sensing. GEOSYS has offices in Europe (Toulouse, France & Morges, Switzerland), North America (Minneapolis, Minnesota, USA), Australia (Sydney), and in South America (Campinas, SP, Brazil). About Land O’Lakes Land O'Lakes, Inc., one of America’s premier agribusiness and food companies, is a member-owned cooperative with industry-leading operations that span the spectrum from farm production to consumer foods. With 2014 annual sales of more than $15 billion, Land O'Lakes is one of the nation’s largest cooperatives, ranking 194 on the Fortune 500. Building on a legacy of more than 92 years of operation, Land O'Lakes today operates some of the most respected brands in agribusiness and food production including LAND O LAKES® Dairy Foods, Purina Animal Nutrition and WinField. The company does business in all 50 states and more than 60 countries. Land O'Lakes International Development is a division of the company helping to transform lives through agriculture and enterprise partnerships that are enhancing profitability and food security in developing countries around the world. Since 1981, this division has helped generate economic growth and improve the quality of life for millions of people through more than 275 projects in 76 developing nations. Land O'Lakes, Inc. corporate headquarters are located in Arden Hills, MN.   Contact for more information on this press release: Mrs Céline TAZKY celine.tazky@geosys.com www.geosys.com

29.09.2014

International Conference “Agricultural Insurance, Reinsurance and Brokerage in CIS, Europe & Asia” – Registration deadline approaches

One week is left before the start of International Conference “Agricultural Insurance, Reinsurance and Brokerage in CIS, Europe & Asia”. The Conference will be held on October 6-8, 2014 in Istanbul, Turkey. Participants’ registration is still available before September 30, 2014. International experts from over 15 countries have already confirmed their Conference participation. World’s top experts from reinsurance companies, insurance companies, broker firms, banks and insurance consultants will participate in this event. State agencies and private sector delegates will also attend the event to share experience and get knowledge on current international practice.  “Technology driven solutions for agricultural insurance” has been marked as one of the key topics of 2014 Conference. It includes not only satellite monitoring and remote sensing, but also a technology-driven tablet and Internet solutions for risk managements at farms, electronic applications for insurers and loss adjusters. Another strong accent will be made on a discussion of the PPP in agricultural insurance. Top experts will discuss and advise on the role of the efficient collaboration between private and public sector in developing of the agricultural risks mitigation programs on a national scale. Technical and implementation process details will be observed, considering their great importance for developing countries in CIS, Caucasus, Central Europe and Asia. Conference agenda and speakers have been agreed. Information concerning Conference program, speakers and participants are available at the official Conference website - www.agroinsconf.com. Official web-site:                www.agroinsconf.com Place for venue:                  InterContinental Istanbul, Turkey Dates:                                  October 6-8, 2014 Conference Organizers:     AgroInsurance International LLC. - www.AgroInsurance.com Conference Manager:         Ian V. Shynkarenko Contact phone:                   +380 98 539 3335 Contact e-mail:                   info@agroinsconf.com Source - www.agroinsurance.com

04.09.2014

Livestock insurance and public-private partnership to be discussed in Istanbul

Agricultural insurance issues is going to be discussed at the International Conference "Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia", October 6-8, 2014 in Istanbul, Turkey. Conference Agenda covers topics on high-value crop insurance, livestock insurance and national insurance programs development with PPP mechanisms applied. World’s top experts will discuss the importance of historical data use and its analysis for agricultural insurance programs development and actuarial calculation methodologies. Many international experts from leading reinsurance and insurance companies will present on methods and approaches to insurance tariffs calculations. Nowadays, a number of countries considering national agricultural insurance system reformation and development is raising significantly. Reinsurance and insurance industry representatives, brokers and insurance consultants from USA, Canada, Brazil and Turkey territories will share their experience on PPP programs development widely. These issues are of a specific importance for new national programs development in Caucasus countries, Eastern and Central Europe. Most of the speakers and topics included in the Conference Agenda have already been confirmed. Details are available at the official Conference website – www.agroinsconf.com. The Agenda is still going to be updated within next few days with several topics and speakers, who have recently confirmed their participation. Leading international experts from over 15 countries have already confirmed their Conference participation. 104 delegates from 22 countries attended the 2013 Conference, who represented 74 companies worldwide.  The majority of Conference participants come from reinsurance and insurance industry, broker firms, banks, agricultural production holdings and international insurance consultants. Official web-site:                www.agroinsconf.com Place for venue:                  InterContinental Istanbul, Turkey Dates:                                  October 6-8, 2014 Conference Organizers:      AgroInsurance International LLC. - www.AgroInsurance.com Conference Manager:          Ian V. Shynkarenko Contact phone:                   +380 98 539 3335 Contact e-mail:                   info@agroinsconf.com Source - www.agroinsurance.com