Insurance is one of the most effective ways to stabilize risks in the agricultural sector, enabling commodity producers to compensate for losses of agricultural products, protect themselves from possible bankruptcy, and ensure the sustainability of financial performance.
“Today Tatarstan is among the top three constituent entities of the Russian Federation in terms of the size of industrial livestock, and the livestock industry should receive decent protection of its risks. For the active development of insurance of risks of animal husbandry in the republic, a separate system of measures and a specific action plan are required. NSA with insurers in the region are ready, together with the Ministry of Agriculture of the republic, to develop and implement it, which will provide reliable insurance protection for the republic's livestock breeders and bring the region to a leading position. This was said by the President of the National Union of Agricultural Insurers Korney Bizhdov following a special thematic seminar for livestock breeders.