Korney Bizhdov, President of NAAI: the volume of the agricultural insurance market in 2019 exceeded 5.3 billion roubles
According to the National Association of Agriculture Insurers, the volume of the Russian agricultural risks insurance market, as of 31st December, 2019, reached 5.3 billion roubles. The data includes insurance premiums with state support in the amount of 4.3 billion roubles, as well as insurance premiums for agricultural contracts concluded without subsidies in the first 9 months of 2019 in the amount of 983 million roubles.
NAAI and Spanish agricultural insurers continue their cooperation agreement
The National Association of Agriculture Insurers and the AGROSEGURO organization, responsible for coordinating the agricultural insurance system in Spain, extended their cooperation agreement in 2020. Ignacio Machetti Bermejo, President of AGROSEGURO, announced this in a letter to the President of NAAI on 13th January.
NAAI President Korney Bizhdov: about 34% of the swine population and 25% of poultry in livestock farms are insured in Russia
In 2019, a marked recovery took place in the agricultural insurance system with state support: the insurance coverage of crops increased 4-fold, to 4.1 million hectares, making up more than 5% of the cultivated area. In livestock risks insurance, there has also been a double-digit increase, while those operations most vulnerable to epizootic risks – swine breeding and poultry farming – are at 34% and 25% of livestock coverage in agricultural enterprises and farmer households respectively. This was stated by the President of the National Association of Agriculture Insurers, Korney Bizhdov, speaking at the seminar "Insurance in the Media Mirror", held in Moscow on December 4th, 2019.
NAAI President Korney Bizhdov presented Russia’s experience of combating agricultural insurance fraud at the international conference in Vienna
The National Association of Agriculture Insurers presented the results of combating insurance fraud in Russian agricultural insurance at the issue-related conference for European insurers. The presentation at the event was made by the President of NAAI, Korney Bizhdov.
NAAI: 9 month results confirm significant growth in the agricultural insurance market of Russia: market volume by 2.5-fold; insured area more than 5.3-fold
“The results of the agricultural insurance system of Russia for the first three quarters have confirmed that the main trend in 2019 continues to be the growth of agricultural insurance coverage and the related growth of the market. The insured area under agricultural crops in the country increased by more than 5-fold, the insured livestock by 39%, and the volume of insurance with state support 2.5-fold,” said Korney Bizhdov, President of the National Association of Agriculture Insurers, in summing up the interim results of agricultural insurance with state support.
NAAI and the Association “Greenhouses of Russia” discussed optimal insurance conditions for greenhouse vegetable growing
The National Association of Agriculture Insurers and the Association “Greenhouses of Russia” have agreed on the development of specialized insurance for vegetable farming of closed soil. The project started with a survey to identify the basic needs of greenhouse growers in risk insurance. The survey was conducted at a special seminar of the Association held in September, with the participation of NAAI. Based on its results, the parties will prepare joint specific versions of optimal insurance conditions for farms that produce agricultural products indoors.
NAAI: restoration of the agricultural insurance system of Russia continues; the area of insured crops increased by 5 times
The restoration of the agricultural insurance system in Russia continues - confirmed by the data accumulated by the National Association of Agriculture Insurers for the first 7 months of 2019. “The results presented by members of NAAI on the 01st of August, 2019, confirmed the trend of steady growth for all agricultural insurance system indicators,” said the President of NAAI, Korney Bizhdov. “The area of agricultural crops insured with state support reached almost 2.8 million hectares. This is 5 times higher than for the same date last year - 552 thousand hectares. ”
Korney Bizhdov: global trends in agricultural insurance development were discussed at the International NAAI round-table
“The discussion of current trends in agricultural risk insurance at the International round-table of the National Association of Agriculture Insurers in St. Petersburg showed that agricultural insurance on our continent faces several serious challenges. These challengers should be taken into consideration when further developing insurance protection mechanisms for agrarians in our country,” said Korney Bizhdov, President of NAAI, commenting on the results of the international event.
NAAI and ASNACODI held a joint seminar on agriculture insurance in Italy
On 13-14 June, 2019, the NAAI and the Italian National Association ASNACODI held a joint international seminar in Rome, “The State and Prospects for Developing an Agricultural Insurance System with State Support in Italy” in order to exchange experiences. The event was attended by the Management Board of NAAI, representatives from the Ministry of Agriculture of Russia and insurance companies.
International Round Table “Agricultural Insurance as a Risk Management Tool for the Farming Industry. Prospects for Development” will be held in Sankt Petersburg
International Round Table “Agricultural Insurance as a Risk Management Tool for the Farming Industry. Prospects for Development”, organized by NAAI, will be held in Sankt Peterburg on 3 July 2019.