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AGRICULTURAL INSURANCE IN ITALY. HEAD OFF LEGISLATIVE AFFAIRS. Paola Grossi. risks. ATTACK ON BUSINESS SURVIVAL OF FARMERS CREATES MARKET VOLATILITY EU – MEMBER STATES ARE FINDING SOLUTIONS TO TACKLE NATURAL RISKS, MARKET INSTABILITY IN AGRICULTURAL.

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AGRICULTURAL INSURANCE IN ITALY

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AGRICULTURAL

INSURANCE IN ITALY

HEAD OFF LEGISLATIVE AFFAIRS

Paola Grossi


risks

ATTACK ON BUSINESS SURVIVAL OF FARMERS CREATES MARKET VOLATILITY

EU – MEMBER STATES ARE FINDING SOLUTIONS TO TACKLE NATURAL RISKS, MARKET INSTABILITY IN AGRICULTURAL

SOLUTIONS


MARKET ORIENTETED CAP

GLOBALISATION

LIBERALISATION

EUROPEAN LEGISLATION PERMITS IN ACCORDANCE WITH CERTAIN CONDITIONS AID - EITHER EU OR FROM MEMBER STATES – TO REDUCE CLIMATE RISKS

NEW CHALLENGES FOR

AGRICULTURAL BUSINESS


FARMERS ARE AWARE OF KEY FACTORS

QUALITY OF PRODUCE

CERTIFICATION

PUBLIC HEALTH

RELATIONS WITH CONSUMERS

REDUCTION IN PUBLIC EXPENDITURE

NEED FOR A LEVEL PLAYING FIELD IN TERMS OF PUBLIC AND PRIVATE SUBSIDY


AGRICOLTURAL POLICY MUST VALUE

QUALITY OF PRODUCE

ORIGIN

LOCAL LINKS

ENSURET HIGHEST INCOMES TO FARMERS AND GIVE THEM ADDED VALUE WHICH CONSUMERS PERCEIVE


FARMERS HAVE DEVELOPED MORE SUITABLE STRATEGIES TO

REDUCE COSTS

INCREASE PRODUCTIVITY

INVEST IN THEIR KNOWLEDGE AND TRAINING

USE FINANCIAL TECHNIQUES TO MANAGE RISKS


FARMERS OFTEN UNDERESTIMATE RISKS

THEY THINK OTHER SAFETY NETS EXIST

INSURANCE COMPANIES OFFER INSUFFICIENT COVERS


AIMS

FROM

COMPENSATION

TO

PUBLIC CONTRIBUTION TO COSTS OF PREMIUMS


NATIONAL SOLIDARITY FUND

IN 2004 STATE AID SYSTEM WAS MODIFIED ACCORDING TO EU REGULATIONS

FINANCED BY THE STATE TO A LEVEL PERMITTED BY EU


IMPACT ANALYSIS


CONSORZI DIFESA

FARMERS ASSOCIATIONS AGAINST CLIMATE RISKS

THE MAJORITY OF ITALIAN FARMERS ARE MEMBERS

OF THESE MUTUAL ORGANISATIONS

WHO SIGN CONTRACTS WITH INSURANCE COMPANIES


MISSION OF CONDIFESA

SIGN CONTRACTS

STUDY NEW SOLUTIONS ACCORDING FARMERS’ REQUESTS

PARTNERSHIP WITH PUBLIC ADMINISTRATION AND INSURANCE

ASSISTANCE WITH MAKING CLAIMS

SOLVE ADMINISTRATIVE BURDENS

ADVANCE PAYMENTS OF PUBLIC CONTRIBUTIONS


SUPPORTFOR THEIR MEMBERS

STRONGER BARGAINING POWER WHEN DEALING WITH INSURANCE COMPANIES

DIRECT NEGOTIACION WITH INSURANCE COMPANIES

SPECIALISED HELP FOR EVALUATING DAMAGES


CONDIFESA

February – Maysigns contracts on behalf of their members -Then farmers are insured

June CONDIFESA assists farmers who are dameged by several climatic events

Oct.- Nov.Farmers pay their share of total premium

Ex Total premium 100 €

Farmers’ share 30%

Public subsidy 70%


CONDIFESA

1° week of dec. CONDIFESA pays total premium to I.C.. That is – in our ex. – 100 e. Then I.C. pay claims to farmers who are suffered damages

Jan. CONDIFESA asks for the contribution for them members (in our ex. 70% of 100 €)

Then, when public procedure has finished, CONDIFESA receives the public contirbution.


INNOVATION – SOLIDARITY

REDUCTION OF COSTS FOR FARMERS

BETTER ASSESSEMENT OF DAMAGES TURNS TO ADVANTAGE FOR ALL MARKET PLAYERS

OPENING THE MARKET – NEW TYPE OF INSURANCE POLICY FOR THEIR MEMBERS SUCH COVERAGE OF

MULTIRISKS

PLURIRISKS

QUALITY DAMAGE TO FRUIT


COLLABORATION

WITH PUBLIC ADMINISTRATION

INTEGRATED SYSTEM IN A WAY THAT WORKS WELL THE MANAGE AND CONTROL OF STATE AID

EFFICIENTLY DISTRIBUTION OF SUBSIDY

TRANSPARENCY OF MANAGEMENT: INTERNAL AUDIT WITH PARTICIPATION OF MINISTERIUM AND MUNICIPALITY

STATISTICS AND TECNICAL DATA ARE TRANSMIT TO AGRICULTURAL RISKS DATA BANK


RELATIONSHIP

WITH INSURANCE COMPANIES

STUDY INTO NEW TYPES OF POLICY MORE INNOVATIVE AND SUITABLE FOR FARMERS’ NECESSITIES

OBSERVATION AND PROPOSALS TO PUT INTO PRACTICE NEW POLICIES

STUDY OF MARKET DEVELOPMENT WITH ALL INSURANCE OPERATORS (COMPANIES, BROKERS) AND RESEARCH INSTITUTES (UNIVERSITIES)


ISMEA

PUBLIC INSTITUTION WHO ADMINISTRATES RISK REINSURANCE FUND “FRR” THAT ENCOURAGES THE INTRODUCTION OF INNOVATIVE POLICIES. The activity of FRR involves directly

I.C., that offer innovative coverage,applying two types of reinsurance mechanisms (stop-loss, quota-share)

Involves indirectly

F., who can benefit from financial advantages of taking out innovative coverage


INNOVATION

INCOME policy– There isn’t one at the moment

MULTIPERILON YIELDS POLICY– COVERS CROP LOSS (QUANTITY PER CULTIVATED SURFACE AND ALSO QUALITY DAMAGES)

COMBINEDRISKS POLICY- COVERS DAMAGES TO CROPS AND STRUCTURES (greenhouses, etc.)CAUSED BY SEVERAL NATURAL DISASTERS


MULTI PERIL ON YELDS POLICY

LOSS OF PRODUCTION

Production yield as a reference

ALL HERBACEOUS CROPS – FRUIT – TREES – PLANTS SEED

MORE COMBINED EVENTS

hail,wind,frost,drought,floods

REINSURED BY FRR (MAX 90% FIXED FEES 20%)


COMBINED RISKS

  • Herbaceous crops, fruit, greenhouses, trees, seed plants, structures

  • Two or more defined events: hail, frost, drought,…combined

  • Damage to production


LIVESTOCK

POLICY COVERS

CATTLE AND BUFFALO FARMS AGAINST MAJORITY OF ANIMAL DISEASES SUCH

FOOT AND MOUTH DISEASE – BRUCELLOSIS – TUBERCOLSIS – ENZOOTIC LEUKOSIS - PLEUROPNEUMONIA

POLICY COVERS

THE VALUE OF THE ANIMAL NOT COMPENSATABLE BY OTHER STATE CONTRIBUTION

LACK OF REVENUE FOR THE STOPPAGING PERIOD OF THE PRODUCTION

COSTS OF DISPOSING OF DEAD ANIMALS


PRIVATE SECTOR

FARMERS INSURANCE

PUBLIC

MINISTERE, REGIONS, ISMEA

PUBLIC

MINISTRY ,

REGIONS, ISMEA

public private partnership

Insurance Technical Committee

Insurance Plan Proposal

INTERACTIONBETWEEN PUBLIC AND PRIVATE OPERATORS

INTERACTIONBETWEEN ALL THE MARKET PLAYERS


TECHNICAL COMMITTEE

COMPOSITION

INSURANCE AND REINSURANCE REPRESENTED FROM ANIA(NATIONAL ASSOCIATION OF I.C.)

FARMERS ARE REPRESENTED BY COLDIRETTI AND OTHER PROFESSIONAL BODIES, BY THE COOPERATIVES ASSOCIATION AND BY ASNACODI(ASSOCIATION OF CONSORZI DIFESA)


TECHNICAL COMMITTEE

FACILITATES

RELATIONS

BETWEEN INTERESTED

PARTIES

MAKES PROPOSAL TO THE

PUBLIC POWERS

REGARDING ANNUAL

INSURANCE PLAN


NEW SOLUTIONS OBSERVATION OF THE MARKET

MAKES FARMERS AWARE OF INNOVATION

DIRECT RESEARCH ENCOURAGES COMPETITION

TO FARMERS NECESSITIES

FIND SOLUTIONS TO DEVELOP CONTRACTS WITHOUT PUBLIC SUPPORT

ORGANISED SYSTEM


THE COMMITTEE’S WORK IS EQUALY

USEFUL TO PUBLIC BODIES

TO DEFINE

AGRICULTURAL POLICY


SUPPLY AND DEMAND

ARE MATCHED

IN THE COMPETITIVE MARKET

INSURANCE COMPANIES

FARMERS

CONSORZI DIFESA

FOR THEIR MEMBERS

CAN DRAW UP CONTRACTS FREELY


THANK YOU FOR YOUR ATTENTION


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