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Government Support to Agricultural Insurance

ag insuranceBook Launch and Seminar

Government Support to Agricultural Insurance:
Challenges and Options for Developing Countries

Date: Tuesday, June 1, 2010
Time:  9:30 AM to 12:30 PM
Venue: The World Bank, J building (Room J 1-050)

Governments in developing countries have been increasingly involved in the support of agricultural insurance programs in recent years.  In their attempt to promote agricultural insurance, they have sought technical and financial assistance from the international community and particularly from the World Bank.  One of the recurring requests from governments is for international expertise with agricultural insurance in developed and developing countries.

This seminar presented the newly published book Government Support to Agricultural Insurance, which informs public and private decision makers about recent developments in agricultural insurance, with a particular focus on middle- and low-income countries.  Based on a unique survey conducted by the World Bank’s agricultural insurance team in 65 developed and developing countries, the book presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, and identifies some key roles governments can play to support the development of sustainable, affordable and cost-effective agricultural insurance programs.

AGENDA

9:00 – 9:30     Breakfast

9:30 – 9:40        Welcome & Introductory Remarks
                       •  Loïc Chiquier, Manager, Non-Bank Financial Institutions Group, Global Capital
                        Markets Development Department (GCMNB), World Bank

9:40 – 10:00      World Bank Agricultural Insurance Framework
                       • Olivier Mahul, Program Coordinator, Insurance for the Poor, GCMNB, World Bank

10:00  – 10:45   Comparative Analysis of Agricultural Insurance Programs
                       • Charles Stutley, Consultant, GCMNB

10:45 – 11:00    Coffee Break

11:00 – 11:30    Tailoring Agricultural Insurance Products for Developing Countries
                       • William Dick, Consultant, Agriculture and Rural Development, World Bank

11:30 – 12:00    Role of Reinsurers in Financial and Knowledge Transfer
                       • Ramiro Iturrioz, Sr. Agricultural Insurance Specialist, Insurance for the Poor,  GCMNB

12:00 – 12:30    Questions & Answers

12:30 – 1:30      Lunch

Speaker Biographies

Loïc Chiquier 
Manager, Non-Bank Financial Institutions Group
Global Capital Markets Development Department
Financial and Private Sector Development, World Bank

Loic is a housing finance expert and manager of the Non-Bank Financial Institutions Group within the World Bank's Global Capital Markets Department. His areas of expertise are housing and housing finance policy, primary and secondary mortgage markets, housing finance institutions, lower-income housing finance, residential rental markets, and legal and regulatory environments. He has work experience in Algeria, Bangladesh, Brazil, China, Colombia, Egypt, Hungary, Indonesia, Iran, Ivory Coast, Jordan, Mexico, Morocco, Nigeria, Peru, Poland, Romania, Russia, Saudi Arabia, Senegal, Saudi Arabia, South Africa, Thailand, Turkey, Ukraine. In addition, Loic supervises World Bank Group projects in twenty other countries. Prior to joining the World Bank, Loic served as an Advisor for housing finance reform to the Government of Poland, Head of Crédit Foncier International (subsidiary of a French bank providing international technical assistance) and also as the director for Eastern Europe of the same bank.
Loic holds a degree from Ecole Polytechnique (France) and a DEA of macro-economic analysis & policy (Ecole Normale Supérieure). He holds Master's Degrees from the Ecole Nationale des Ponts et Chaussees in Finance, and from the Institut des Sciences Politiques de Paris in International Relations.


William J. Dick 
Consultant, Agriculture and Rural Development (ARD)
World Bank

William was the founder and Managing Director of Agricultural Risk Management Ltd. (ARM). Between 1983 and 2000, ARM established itself as a leading consultancy involved with the design of agricultural and forestry insurance programmes, with its client base consisting of insurance and reinsurance companies, Lloyd’s, and development banks and international agencies. ARM was acquired by Aon in 1995. In 2000 he joined the Partner Reinsurance Company, Zurich, where he headed PartnerRe Agricultural Services, and then became a senior underwriter for agricultural business. In 2005 he was appointed as a Consultant to the Commodity Risk Management Group of the World Bank, where he works on risk management solutions, including weather index insurance product design and implementation, in conjunction with government departments, agricultural banks, and insurance and reinsurance companies. Recent projects have been undertaken in China, Vietnam, Thailand, Bangladesh, Madagascar and Senegal, and in the design of a prototype for flood index insurance. William Dick’s particular interests are in institutional planning for agricultural insurance, involving private and public sectors, and in risk management mechanisms to facilitate the financing of agriculture. He has worked for 25 years in international agricultural insurance.


Ramiro Iturrioz 
Senior Insurance Specialist
Non-Bank Financial Institutions Group, Global Capital Markets Development Department
Financial and Private Sector Development, World Bank

Ramiro joined the World Bank in 2008 as Senior Agricultural Insurance Specialist responsible for the development of agricultural insurance products and solutions for small and marginal farmers in developing countries. Prior to joining the World Bank, he served as a Senior Agriculture Insurance Specialist at Swiss Re focused mainly in the underwriting and business development of agricultural (re)insurance products and solutions focused on Latin American markets. He holds a Master’s degree in Agribusiness from CEMA University and an Agricultural Economics degree from the University of Belgrano, Argentina.


Olivier Mahul (Co-Author)
Coordinator, Insurance for the Poor
Non-Bank Financial Institutions Group, Global Capital Markets Development Department
Financial and Private Sector Development, World Bank

Olivier is the program manager of the Insurance for the Poor Program, which is housed in the World Bank's Financial and Private Sector Development Vice-Presidency. Since he joined the World Bank Group in 2003, he has been involved in developing catastrophe risk management solutions for the World Bank client countries, with a particular focus on agricultural risk management. His assignments include the design and management of World Bank programs of technical assistance and lending in support of agricultural insurance programs in Mongolia, India, China, Kazakhstan, Uganda, Tanzania, etc. as well as catastrophe insurance programs in South America and the Caribbean Islands.

Previously, Olivier served as senior research economist in charge of risk management in the French Ministry of Agriculture. He was also visiting research fellow at University of California at Berkeley and Wharton School. Olivier holds a PhD in economics of risk and insurance from University of Toulouse.


Charles J. Stutley (Co-Author)
Consultant
Non-Bank Financial Institutions Group, Global Capital Markets Development Department
Financial and Private Sector Development, World Bank

Charles is an agricultural economist who has worked for more than 20 years in the assessment of risk in agriculture and in the design and implementation of agricultural insurance and reinsurance solutions in a wide range of developed and developing countries.  During the 1990s he was a Director of Agricultural Risk Management Limited, a consultancy company providing specialist risk analysis and agricultural insurance advisory services to agricultural producers, governments, insurers and reinsurers of this class of business.  Between 2000 and 2005 he worked as a senior agricultural underwriter for PartnerRe, a major international reinsurer based in Zurich.  For the past 5 years he has worked as a consultant mainly for the World Bank but also for FAO and GTZ and the insurance industry in the planning and design of agricultural insurance products and programs for a range of developing countries including: Asia (China, India, Nepal, Bangladesh, Vietnam, Philippines) and Africa (Senegal, Ghana) and Latin America (Guyana).

ContactOlivier Mahul and Uloaku Echebiri 

For more information on houw to order this publication, click here 




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