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25 September 2018 at 09:11 hours.
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Regional project on Disasters risks insurance (Europa Reinsurance Facility Ltd.), whose implementer is the Insurance Supervision Agency (ASO) continue implementing the planned activities. Within the project activities a new idea is being promoted and that is introducing a new concept of agricultural insurance. Therefore, on 11/18/2013, Europa Re team and Mr. Charles Stutly consultant for agricultural insurance made his presentation to the representatives of insurance companies that sale agricultural insurance policies and to the ASO employees.

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The presentation gave explanation about the characteristics of three types of insurance in the agriculture: 1) agricultural risk insurance (Named Peril Crop Insurance), 2. Insurance against multiple agricultural risks (Multi Peril Crop Insurance) and 3. indexed insurance on realized yields in a specific area (Area Yield Index Insurance-AYII). Particular attention was paid to the third type of insurance (AYII) that will enable better protection of the agricultural production and provide better risk coverage.

 

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