6th Asia Agriculture Insurance Conference 2019 | Asian Insurance Review | 11 September 2019 | Taj Mahal, New Delhi, 1, Man Singh Rd, South Block, Man Singh Road Area, New Delhi, Delhi 110001, India

India has set an ambitious goal to become a $5tn economy by 2025, and the agriculture sector will have to play a major role to play to achieve this target. Agriculture is the primary source of livelihood for about 58% of the country’s population, and the gross value added by agriculture, forestry and fishing is estimated at $271bn in 2018. With global warming, droughts and natural calamities in several Indian states in the past few years have fuelled agrarian distress though some regions saw higher output. Overall, the sector grew marginally in value because of lower prices.

With 65% of the underprivileged working in farms, agriculture insurance is vital for a country like India where most farming is small scaled and marginal with low savings that reduces their ability to weather agricultural risks and fluctuations. Climate change and global warming are the reality of our times and here to stay, so there is greater urgency today for crop insurance schemes which can protect farmers from poor yields. PMFBY was a game changer, but the scheme must still iron out some rough edges. Changes must be made to ensure small farmers are protected by long-term insurance cover with low premiums, and the charge of profiteering by insurers must be put to rest and they must be seen as protectors of the poor and vulnerable.

The 6th Asia Agriculture Insurance Conference is returning in full force this year with an emphasis on addressing the major issues and challenges in implementing agriculture insurance schemes, and also throwing light on regional growth opportunities in the agriculture sector in Asia. What is the market forecast for agriculture insurance from 2019-2022? This two-day will also be exploring the PMFBY Scheme since its implementation, the adaptability, achievements and setbacks from key players from the regional global agriculture insurance market.

The conference will draw lessons from across the world to see if there is indeed a sustainable insurance solution for farmers, be it parametric or indemnity-based with a view to closing the agriculture insurance gap of $8-15bn with an insured value of $60-$80bn.

Who Should Attend?
• Government Agencies Responsible for Agriculture Insurance
• Regulators
• Insurers, Reinsurers and Brokers Engaged in the Business of Agriculture Insurance
• NGOs
• Banks and Leasing Companies Involved in Agriculture Finance
• Management Consultants
• Service Providers Keen to Tap the Potential of the Agriculture Insurance Market

2019 Speakers and Moderators

SPEAKERS:

Sivam Subramaniam
Editor-in-Chief, Asia Insurance Review

Dr Ashish Kumar Bhutani
Joint Secretary to Govt of India, CEO of Pradhan

Mantri Fasal Bima Yojana
(PMFBY), Ministry of Agriculture

Rajeev Chaudhary
Chairman-cum-Managing Director, Agriculture Insurance Company of India Limited

Rob Solloway
Managing Director, Head of Agriculture, Asia Pacific, Guy Carpenter Hong Kong

G Srinivasan
Director, National Insurance Academy

Dr Praveen Sandri
Managing Director & Senior Vice President, AIR Worldwide India

Sebastian Glink
Director, Business Development and Technology, CelsiusPro AG

Jatin Singh
Founder & Managing Director, Skymet Weather Services Pvt Ltd

Pushpendra Johari
Vice President - Risk & Initiatives, RMSI

Ritesh Pandey
Senior Crop Insurance Specialist – Product R&D and Standards

Dr Shibendu S. Ray
Director Mahalanobis National Crop Forecast Centre, Department of Agriculture, Coop. & Farmers’ Welfare

Michael Anthony
Co-Founder, Earth Analytics India Ltd

MODERATORS:

Anil Arora
Director & Co-Founder , ACE Insurance Brokers Pvt Ltd

PANELLISTS:

Sanath de Silva
CEO , National Insurance Trust Fund Board, Sri Lanka

Saurabh Srivastav
Founder Director , Agriculture Risk Consultant

Lloyd’s Report on Food System Shock
Shankar Garigiparthy, CEO, Lloyd’s India

Dr Ajay Verma
Founder Director , ARTHGRAM Agri and Business Services Pvt. Ltd.

Shankar Garigiparthy
CEO , Lloyd’s India

Mihir Mathur
Founder , DESTA Research

Dr Ajay Rakhe
Vice President - Treaty - Agriculture , Willis Towers Watson

Dhyanesh Bhatt
CEO , Gramcover Insurance Brokers

Shankar Garigiparthy
CEO , Lloyd’s India

Mihir Mathur
Founder , DESTA Research

Dr Ajay Rakhe
Vice President - Treaty - Agriculture , Willis Towers Watson

Dhyanesh Bhatt
CEO , Gramcover Insurance Brokers

2019 Sponsors and Partners

• Asia Insurance Review
• ACE Insurance Brokers
• Skymet Weather Wise
• IIS
• Middle East Insurance Review
• AIR Event Services