P646- PROGRAMME ON CROP INSURANCE
(NON-LIFE)
Background
Agriculture
production is susceptible to climatic as well as non-climatic fluctuations.
With the increased aberrations and changes in the behaviour of nature, farmers
have been continuously experiencing drought and floods resulting in
considerable crop losses. The traditional methods of risk management adopted by
the farmers are not adequate to cope with this changed scenario. At times, even
the Government finds it difficult to provide adequate financial support to
compensate the loss. Hence the role of insurers in providing Agriculture
Insurance especially crop insurance (PMFBY), has assumed great significance in
providing indemnity to the farmers. The recent past saw the development of techniques
like weather based insurance, satellite imagery in addition to the crop cutting
methods. With the support of Government, crop insurance business has become one
of the largest contributing premium of ₹ 27624
crore during FY 2018-19. Though
the premium is huge, the claim incidences are also big, posing challenges for
insurers to make the portfolio, yield a reasonable margin. Crop insurance is
also an important way to make rural India aware of insurance and increase
insurance penetration
To discuss and explore the problems and prospects of crop insurance in
India and other countries. To look into the role of government in implementing
various crop insurance schemes. Understand the operational challenges of the
portfolio and prepare suitable strategies to cope with the challenges as well as
improving the penetration is highly imperative for the insurers
Ø
Salient
Features and U/W of PMFBY Scheme
Ø
Revised
Operational Guidelines of the PMFBY Scheme, 2020
Ø
Weather
Based Crop Insurance Scheme (WBCIS) & Horticulture Insurance
Ø
Crop
Cutting Experiments (CCE’s) & Yield Estimation
Ø
Process
of Clustering and Tendering of the Scheme
Ø
Role
of Government in Implementation of the Scheme
Ø
Pricing
of Crop Insurance
Ø
Role
of Technology including AWS, Satellite Images, Sensors and Drones in U/W and
Loss Assessment
Ø
Claims
Settlement Process including Individual Loss Assessment
Ø
Role
of Intermediaries in improving the penetration
of Crop Insurance
Ø
Field Visit to
Agricultural Farms for understanding Crop Cutting
Participants’ Profile
Executives of Insurance Companies dealing with Crop Insurance and allied rural
insurance product and Reinsurance, Government Officials dealing in Crop, Banks,
NABARD, Micro Finance Organizations, Micro Insurance Institutions, Market
Intermediaries, Service Providers, NGOs and Corporates engaged In Agricultural
Development / Farmers Welfare
Duration: 4 days