Provide the analysis and elaborate a set technical advice needed to consider for a newly created scheme in Armenia operating in the future existing schemes successfully operating and developing in recent years. Elaborate recommendations for Armenia on the initial steps that are prerequisite for steady growth and development of the ag insurance program in the country.
Evaluation of the current agricultural production industry in Mongolia. Outline of the way for new agricultural (crop) insurance product development. Transfer of the international know how in agro insurance product development. Creation of the strategy for the new insurance product development and marketing. Work with country stakeholders: Ministry of Agriculture, Ministry of Finance, farmers’ association, insurance companies, and financial regulator.
AgroInsurance experts have successfully conducted analysis of agricultural production in both Georgia and Armenia and elaborated the Country Risk Profile (CRP) for both states. As an additional task for Phase 2, AgroInsurance experts successfully developed an insurance product model, which has been finally considered as a final, most viable option for suggestion to the state authorities.
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