The insurance industry does not have an expert on agricultural machinery / the agricultural sector is unknown to the insurance industry
The chairman of the board of directors of the non-governmental organization of agricultural solidarity of Iran stated: the insurance industry has entered the agricultural field in a very limited way because the working tools in this field are not known to the insurance industry.
Chabek Online, Behareh Tajer Bashi, Alireza Alwandi, in an interview with Chabek Online, said: If the insurance industry wants to use the potential that exists in the agricultural sector and bring this large capital into the country’s insurance sector, it should have the necessary infrastructure in companies Create insurance.
He added: The insurance industry should have people who are experts in the agricultural sector and in consultation with the capital owners of the agricultural sectors who are organized, create an infrastructure that can enter this field.
The Chairman of the Board of Directors of Iran’s Agricultural Solidarity Non-governmental Organization, stating that in order to enter the agricultural sector, expertise is needed in this field, he said: the experts of the insurance industry are not familiar with these specialties in the current situation, and that is the reason why they are not welcome in the insurance industry. It has not been done.
Elwandi admitted that the missing link between the agricultural sector and insurance companies are agricultural experts, whose existence is not used by the insurance industry.
He said: Currently, the price of agricultural equipment is extremely high, and the value of a simple agricultural machine is much higher than the price of a car that insurance companies compete to insure.
The Chairman of the Board of Directors of the Non-governmental Organization of Agricultural Solidarity of Iran listed the main reason for the non-entry of commercial insurance into the agricultural sector due to the lack of specialists in the insurance industry and added: as an example, the amount of calf casualties in a dairy farming unit that is worth billions of tomans is a figure is defined
Elwandi continued: The breeder is ready to insure his livestock and receive damages from insurance companies if the losses exceed the normal amount, and usually this does not happen because the amount of insurance they receive cannot replace productive livestock.
He stated: The farmer wants to use insurance as a shield to protect his large capital, but there is no expert in insurance companies to explain this issue to them.
The Chairman of the Board of Directors of the Iranian Agricultural Cooperation Organization, stating that the insurance industry does not have many experts in the field of agricultural machinery, said: the insurance industry can hire experts from the animal husbandry engineering system, the veterinary system, and official experts from the judiciary, so that they can act as intermediaries between be insurance companies and agricultural companies.
Alwandi believes that, with the help and guidance of these experts, insurance protocols for the agricultural sector can be defined that are acceptable to both the insurance industry and the agricultural sector.
Regarding the high risk of agriculture for commercial insurance companies, he explained: a middle solution should be considered and the insurance premium should not be too high so that the farmer would be willing to buy an insurance policy.
The head of the board of directors of the non-governmental organization of Iran’s agricultural cooperation, regarding the dissatisfaction of many farmers with the services of the agricultural insurance fund, said: “Whenever the government does something, we will definitely not achieve the desired result, and it is a free market economy that can accept the acceptance of an economic activity.” to bring about
He claimed: The Agricultural Insurance Fund receives annual subsidies from the government, as a result, it never works on this issue in a specialized and serious manner.
This post is written by U920nima