NEWS

Georgia - Ministry of Agriculture is working on the concept of agro insurance

02.03.2015 196 views

Otar Danelia, Minister of Agriculture met with Michael Kortenbush, representative of BFC Consulting. The company carries out a survey of agro insurance potential and opportunities in Georgia. BFC Consulting will represent the first phase of research results for agro insurance potential and opportunities on 13 March 2015; Therefore the second stage priorities will be also defined.

"Agro insurance is one of the most important components for agriculture sector development. The work sheets for final document together with BFC consulting will be completed by the end of May. The document will define what sort of insurance policy or long-term vision to choose as well as the role of Government in policy making and implementation", - said Mr. Danelia.

Nodar Kereselidze, First Deputy Minister said that next stage includes all sides responsible for further implementation of the concept to be involved in the working process. The above mentioned sides will be the Ministry of Agriculture, Agricultural Committee, the Insurance Association, Insurance Companies and Financial Institutions.

"We have already gained a certain kind of experience on the basis of agro insurance pilot program carried out in 2014. I think it is important to take into account the results of the above mentioned pilot program in the final stage of the drafting process of the agro insurance concept" - said Mariana Morgoshia.

Source - http://moa.gov.ge/

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