IFC conference: “Planning PPPs for Agri-Insurance from the Western Balkans to Central Asia”

EUROP Insurance Brokers had the pleasure to take part in the conference “Planning PPPs for Agri-Insurance from the Western Balkans to Central Asia” organized by IFC / The World Bank Group, which took place in Kyiv on June 9-11, 2015.

Day 1 focused on the main results, experience and challenges faced during implementation of the Ukraine Agri-Insurance Development project. In particular the following topics have been addressed:

  • Agricultural insurance overview in Ukraine and its further development
  • Development of public-private partnership for agriculture insurance in the region
  • Modern technologies in agricultural insurance (index insurance, portfolio insurance, synthetic weather data grid, on-line platforms, etc)
  • Agri-insurance as means to access finance

Speakers included WBG experts, Ukraine government representatives (the Ministry of Agriculture, the State Regulator), private sector representatives (local insurance companies, input suppliers, banks, farmers, NGO’s).

Day 2 presented the current state of agri-insurance PPP development in Eastern Europe and Central Asia countries, followed by opportunities and needs for development. Selected speakers from participating countries have outlined the current state of development, and described the development needs.

During Day 3, Watts & Associates Inc. (USA) has described the lessons learned of their experience with proxy insurance in agriculture.

EUROP Insurance Brokers thanks Gary Reusche and his whole team for the quality of the presentations and the load of information received during those three intensive days.