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Armenia: Development of agricultural insurance products

Team of experts is currently working on implementation of project’s tasks.

Project: Development of agricultural insurance in Armenia
Country: Armenia
Duration: 03/2018 – 09/2019
Client: IRIF / KfW
Consultant(s): AgroInsurance International LLC., Ian Shynkarenko (CEO), Olena Sosenko (Products & Trainings Manager), Liudmyla Krychevska (Agricultural Insurance Programs Administrator), Mykola Pysarenko (International Loss Adjustment Expert).

Objectives:

Develop insurance products for at least 2 crops grown in Armenia. Guide the Project Implementation Consulting consortium on data required for product development and establishment of Loss Adjustment system, that includes guidelines for the crops selected.

Services provided:

  • Guide the Implementation consultant on data required for product development part.
  • Guide the Implementation consultant on development of loss adjustment guidelines for crops selected.
  • Provide recommendation for development of NARMA (National Agricultural Risk Management Agency of Armenia).
  • Provide guidance and recommendations for development of IT tool for portfolio management, underwriting and loss adjustment purposes.
  • Peer review of various documents and reports provided by the Project’s Implementation Consultant.