Agriculture-Insurance Sector Development

Results at end of project include: An awareness campaign on risk management and the role of agri-insurance was successfully conducted reaching 1 400 agricultural producers from 11 regions while obtaining substantial press coverage with 838 media appearances. In addition the set of standard insurance products was expanded to nine products (winter wheat rye triticale barley and canola summer wheat and barley plus corn and sunflower). Four insurance companies have adopted new policies to implement these standard products which resulted in 159 insurance contracts signed for a total of about $18 million exceeding the target by 30%. A wide-scale training campaign was organized for insurance specialists and 164 insurance specialists from 7 companies attended 8 training sessions; 14 loss adjusters were certified. Sixteen laws/regulations were prepared and three were adopted: a cabinet resolution and two regulations on Qualification Requirements for Loss Adjusters and the Minimum Qualifications for Loss Adjusters.