LocationsUNDP trains specialists of agricultural insurance industry
September 11, 2024
Photo: UNDP Uzbekistan
The United Nations Development Program (UNDP) in cooperation with the European insurance organizations “Swiss Re” and “Europe Re” and the Ministry of Agriculture of Uzbekistan conducted a training aimed at training specialists of the insurance sector on the topic “Agricultural Insurance in Uzbekistan” with the involvement of an international expert.
It is important to note that due to the sharply continental climate of Uzbekistan and global climate change, risks in the agricultural sector every year pose an increasing threat to ensuring sustainable development and the well-being of farmers, as well as food security. One of the key tools in managing agricultural risks is insurance. In this regard, the UNDP, the Ministry of Agriculture and the insurance organizations “Swiss Re” and “Europe Re” organized a training, the main purpose of which is to improve the skills of participants in the insurance market of Uzbekistan, both at the level of government agencies and insurance companies in the field of agricultural insurance.
Photo: UNDP Uzbekistan
To conduct the training, an international technical expert, Ms. Olena Sosenka, with more than 20 years of experience in the field of agricultural insurance, was invited. During the two-day training, participants had the opportunity to strengthen their knowledge in the field of agricultural insurance in such areas as: key aspects of agricultural insurance development, risk management, studying and understanding products, prospects for insurance companies and the state, and other topics.
The training was conducted during 09-10 September 2024 in Tashkent city with the participation of more than 30 participants representing the National Agency of Perspective Projects, Ministry of Agriculture, Association of Professional Insurance Market Participants, Hydrometeorological Service Centre, insurance companies and other agencies from the public and private sectors.
The participants expressed positive feedback on the training and noted the relevance of the training topics and the knowledge gained with relevant examples based on international practice, entertaining and interactive method of presenting information.
Photo: UNDP Uzbekistan
Ilkhom Juraev, Head of Financing and Subsidising Department, Ministry of Agriculture of the Republic of Uzbekistan:
Risks in the agricultural industry pose a serious threat to crop production, farmers' welfare and the economy of Uzbekistan. Given the high level of risks in agriculture, as well as their further growth due to climate change, the development of agro-insurance is one of the key ways to manage risks. In this regard, participation in this training has had a useful impact from both practical and theoretical perspectives for representatives of insurance companies and the insurance industry.
Sobir Hasanov, Head of Agricultural Insurance Department, "Uzagrosugurta":
Agroinsurance is an important area of development for the economy of Uzbekistan. Insurance in agriculture is one of the main methods of the risk management, including climate risk management system. Therefore, for representatives of insurance companies and other industry-related agencies, participation in this event was useful from practical and theoretical points of view.
The training was supported within the framework of the UNDP global project ‘Insurance and Risk Finance Facility (IRFF) in Uzbekistan’ funded by the Government of Germany, the main objective of which is to support the countries participating in the project in the development of the insurance market of Uzbekistan, including: Integration of insurance policy into the country's economic development programme, development of inclusive insurance, financing of sovereign risks, risks from natural disasters, attracting additional investments in the insurance industry, etc. The training was conducted jointly with the project ‘Development of agro-insurance in Uzbekistan’, which is implemented by insurance companies “Swiss Re” and “Europe Re”.
