EU - Common rules for direct support schemes for farmers (specific support and crop insurance) The main objectives set out for the Commission Communication "Preparing the Health Check of the CAP reform" of 20 November 2007 were to assess the implementation of the 2003 CAP reform, and to introduce those adjustments to the reform process that are deemed necessary in order to further simplify the policy, to
allow it to grasp new market opportunities and to prepare it for facing new challenges such as climate change, water management and bio-energy. (Extract - only articles 68 and 69)
Agricultural insurance in Japan In 1929 the Livestock Insurance Act was enacted as a modern disaster relief measure. The National Forest Insurance Law was enacted in 1937 in order to compensate forest owners for damage by fire, weather impacts (wind, water, snow, drought, frost, tidal waves), and volcanic eruptions. The Crop Insurance Act was established in 1938.
Agricultural insurance in Kazakhstan In 1997 Kazakhstan introduced mandatory agricultural insurance through a special provision in the Insurance Law. Agricultural insurance services were offered through a specialized state insurance company named Kazagropolis, but the agricultural insurance uptake was low. During the period from 1998 to 2002 the number of insurance companies offering agricultural insurance decreased from 13 to 7. Premium rates were high, reaching 20%. In 2003 the government adopted a law on the state regulation of finance market and finance institutions. In 2004 a law on mandatory crop insurance was adopted. Currently agricultural insurance is mandatory for all crop producers.
Agricultural insurance in Australia Crop insurance started in Australia in 1918 but did not expand much until the 1960s. Crop insurance now is very well established in Australia, is handled by private insurers, and is competitive. Expansion of the traditional broad acre hail insurance to many other crops happened from the 1980s onwards. Forestry insurance is also important. Livestock insurance is a much smaller industry than crop insurance but includes equine, livestock, and aquaculture insurance.
Agricultural insurance in Argentina Basic information on agricultural insurance in Argentina. Data was collected and processed by a team of WB consultants in 2008.
Description of the Animal Insurance situation in Europe Europe provides its population and the farming sector with a sophisticated framework of prevention and protection measures for animal diseases. This publication deals mainly with this aspect of the livestock insurance sector in Europe. The European Union regulates the principles which are implemented on a national level. Different bodies are responsible for this process. Generally, there is a private – public partnership approach in many countries where the state deals with the contagious diseases, the prevention and the eradication as well as related costs. The private sector deals with supplementary cover as, for example, business interruption following a disease event. Although the insurance system covers the farmer for losses not covered by public funds, the penetration rates are relatively low and no substantial growth can be observed over the last few years.
Crop Insurance Loss Adjuster Licensing Requirements (USA) The Risk Management Agency (RMA) has previously discussed with the NAIC the possibility of creating specific crop insurance licensing and continuing education (CE) program for insurance both crop insurance agents and adjusters. RMA staff had expressed concerns about inconsistency in licensing of crop agents and adjusters and general insufficient crop insurance knowledge requirements for licenses that were being issues, particularly with respect to the adjusters.
Canada’s Agricultural Business Risk Management Programs The purpose of this presentation is to provide an overview of the Agriculture Business Risk Management (BRM) programs operated in Canada. BRM programming helps to stabilize producers’ farm income against losses due to circumstances beyond their control. Presentation was made at the International Conference "Crisis and Risk Management in the Agricultural Sector". The conference took place in Madrid on March 15-17, 2010.
Rural insurance in Brazil (2010) Rural insurance started in Brazil in 1954 when the National Agrarian Insurance Company was founded. At the same year the Agrarian Insurance Stabilization Fund was established to provide financial assistance to farmers. This fund was reorganized into Rural Insurance Stabilization Fund in 1966. With the purpose of strengthening the farmers’ access to finance the government launched Rural Activities Guaranty Program in 1973. This presentation was made at the International Conference on Risk and crisis managements in agricultural insurance conducted on March 15-17, 2010 in Madrid, Spain.
Agricultural crop insurance in Poland (2010) Polish government considers insurance to be the most useful tool of good risk management in crisis situations. This presentation was made at the International Conference on Risk and crisis managements in agricultural insurance conducted on March 15-17 in Madrid, Spain.
30.10.2011 Where the margin is 2012 - conference in Moscow The Conference "Where the margin is" will be held on January 31, 2012, in MOscow in the Radisson Slavianskaya Hotel. The conference is meant for agricultural producers, inputs manufacturers, dealers and distributors, financiers, insurers, agribusiness investors, policy makers. 29.05.2011 Seminar on Index based Weather Insurance - India, July 25-27, 2011 Crop insurance (yield and weather based) is a specialty insurance, the technical nuances of which need to be clearly understood by all the stakeholders. The programme aims at enhancing the understanding of critical issues related to these specialised products and providing a comprehensive technical understanding of the weather index insurance covers in India.
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