The National Union of Agricultural Insurers took part in the General Meeting of the International Association of Agricultural Insurers (AIAG), at which the results of the association's work were summed up and the current state of the world's main agricultural risk insurance markets was discussed. The general meeting was chaired by AIAG President Pascal Forrer.
“NSA appreciates the opportunity to exchange experience and expertise provided by the AIAG membership. At the General Meeting, the experience of all major regions in global agricultural insurance was presented: North and Latin America, Europe and China, as well as trends in world reinsurance were highlighted. All the main messages discussed by the speakers are also relevant for Russia today: the growing climate instability is forcing countries to reorganize and strengthen agricultural insurance systems. A striking example is the damage from a combination of frost and drought in Europe this year, which caused losses in the agro-industrial complex in France and Italy alone in the amount of about 3 billion euros. This gave rise to the process of significant modernization of the agricultural insurance system in France, the need for which was previously voiced by the President of this country, François Macron. The sharply increased role of the agricultural sector in the global economy and a significant increase in the cost of food are becoming the drivers of demand for agricultural insurance in the world, but at the same time the concern of reinsurers who accept world agricultural risks in reinsurance is growing in connection with very high losses, ”comments NSA President Korney Bizhdov.
“The entry of the representative of China into the Board of the AIAG is significant. This is an assessment of the achievements of the world's second largest agricultural insurance market in China, which, according to the latest available data, accounts for about 30% of global agricultural insurance. NSA pays special attention to this experience, "Korney Bizhdov emphasized.
“The Russian agricultural insurance market should correspond to the position of the country's agro-industrial complex in the world arena. Russian agricultural insurance today is not just developing - an innovative way has been chosen in our country, which makes it possible to increase efficiency and strengthen the protection of farmers with the help of insurance in case of emergencies, ”stressed the President of NSA Korney Bizhdov.