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Agricultural insurance portal


Revenue Insurance: Covering Yield and Price Risks. Basic Requirements from an Insurance perspective

Managing price risk with crop revenue insurance has attracted much attention in recent years, with only two successful schemes (USA and Canada) indicating the factors most critical for success: ample regional yield-price information, effective ways of price discovery and – most importantly – extensive public support, both for regulation and finances.

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Last publications
Press release of the companies
GEOSYS continues its growth and implements GEOSYS Europe in Switzerland, headquarters of its European Operations
International Conference “Agricultural Insurance, Reinsurance and Brokerage in CIS, Europe & Asia” – Registration deadline approaches
Livestock insurance and public-private partnership to be discussed in Istanbul
Agricultural insurance issues to be discussed in October 2014, Istanbul
2014 New Conference dates and place are set and announced
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Agribussines insurance
Developing Successful and Sustainable Agricultural Insurance Programs
Development of weather index insurance product for tea growers in Sri Lanka
Weather insurance - Agriculture and algorithms
General Insurance Article - Satellites in agricultural insurance
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International practice
The Evolution of Risk Management in Aquaculture: The Case of Insurance
Risk Management in Aquaculture: Case Study of Haiti
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Risk management
The U.S. Drought Monitor and Its Role in Agricultural Drought Risk Management
Implications from Hail Damage on Young Corn
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Analytical papers
Global Droughts and Heat Waves
USA - Crop Insurance Coverage Details
Russia Livestock Overview: Cattle, Swine, Sheep & Goats
'Fat cats' benefit from EU farming subsidies
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Traditional insurance products
Basic premium rates on multi-peril crop insurance (MPCI) program in Moldova
Canada - Bee Overwintering Insurance Program (Alberta)
Asparagus Revenue Market Loss Assistance Payment (ALAP) Program
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News line
Armenia - Drought may damage crops

Dry weather in Armenia may damage potato, wheat and cabbage crops, said the head of Armenia's Farmers' Union. He said that the union had conducted a study in Shirak province and found that the drought had already damaged potato seed tubers. The head of Armenia's Farmers' Union also said he had repeatedly asked the agriculture ministry to improve irrigation infrastructures in the country, but his request remains unanswered.
Armenia - EFSD to provide country with $50 million loan to finance modernization of irrigation systems

The Eurasian Fund for Stabilization and Development (EFSD) will provide Armenia with a $50 million loan to finance a project designed to modernize irrigation systems, the Eurasian Development Bank (EDB) said in a statement. The preliminary agreement was reached as a result of talks between the bank and an Armenian delegation headed by deputy finance minister. EDB said the parties worked out a blueprint loan agreement that will be submitted soon for the approval of EFSD Board.
India - Farmers to get Compensation for Crop Damage Due to Natural Calamities

State Government is empowered to undertake necessary relief measures in the wake of natural calamities like, drought, hailstorm, pest attack & cold wave/frost from State Disaster Response Fund (SDRF) which is readily available with them. Additional financial assistance, over and above SDRF, is considered from National Disaster Response Fund (NDRF) for natural calamities of severe nature on receipt of Memorandum from the State Government.
Armenia - USAID ready to help Armenian farmers

Cooperation between the United States Agency for International Development (USAID) and Armenia continues for decades. During his recent visit to Armenia, USAID deputy assistant administrator for the Bureau for Europe and Eurasia, noted considerable prospects for development of agriculture in Armenia, the Armenian service of the Voice of America reported. Armenia is moving forward in the right direction and is producing agricultural products that have great demand. He is confident that Armenia has great potential, and USAID is ready to help.
India - Flood situation remains unchanged in two Odisha districts

Though the flood water in all major rivers in North Odisha districts have receded in the last two days, the flood situation remains unchanged in Baleswar district while the situation is still grim in Bhadrak district, reports said. In Bhadrak district, flood water has surrounded several villages in Chandbali and Dhamnagar blocks. In Paradia village under Sundarpur panchayat of Chandbali block, flood water has entered the houses making the plight of the people, who have gone without food for the last four days, miserable.
USA - Less apples expected in Washington this year

Last year’s apple harvest was a record breaker in the state. This year apple growers in the Yakima Valley are hoping for another good harvest. Washington state is by far the largest producer of apples in the nation, with a vast majority of apples produced in the Yakima Valley. Last year’s crop totalled a record of 150 million boxes. This year, industry experts are expecting a smaller crop, but nonetheless a good year.
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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.

2014 Agricultural insurance issues to be discussed in October, Istanbul

New dates and place of the International Conference "Agricultural Insurance, Reinsurance & Brokerage in CIS, Europe & Asia" were set for October 6-8, 2014 in Istanbul, Turkey. Conference `Standard registration’ fee option has been launched on August 1, 2014. Conference Agenda will keep most of the topics planned earlier, as well, as it will be added with new speakers and topics. Quite a number of reinsurance and insurance industry representatives, brokers and insurance consultants from USA, Canada and Eurasia territories will participate in this event.

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Risk events
Georgia - Vineyards hit severely by hail

In Georgia on May 29 in Khornabuji village of Kakheti hail caused significant damage to local vineyards.
Italy - Hail on melons and secondary deseases: risk event

"After yet another hailstorm in the Mantua area, and the serious downy mildew problems, we have lost over 200 hectares of melons, i.e. almost the entire July and August production," explains Ettore Cagna, chairman of Don Camillo. "Such a disaster means it will be very difficult for us to comply with the collection schedule arranged with our clients." "Of course we had planned our production at the beginning of the season according to different schedules and areas, but we lost practically everything this year!" "We are indeed preparing an emergency programme to try and reduce any inconvenience for our clients though," concludes Mr. Cagna. Source - FreshPLaza
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