Your Partner in Building Catastrophe and Weather Risk Markets

Size: px
Start display at page:

Download "Your Partner in Building Catastrophe and Weather Risk Markets"

Transcription

1 Your Partner in Building Catastrophe and Weather Risk Markets Building Resilience to Disasters in Western Balkans and Turkey

2 Natural Catastrophe Risk Exposure Natural Disasters can strike anyone, anywhere and at any time without any warning. In Southeast Europe (SEE), earthquakes, floods or extreme weather events frequently inflict severe damages to homeowners, businesses and farmers. Over the last century, numerous strong earthquakes have struck this region. The Macedonian earthquake of July 26, 1963 caused disastrous consequences, leaving over 130,000 people homeless and destroying the city of Skopje. In Albania, the 1979 Shkoder earthquake of 6.9 magnitude left over 100,000 people homeless. The 2010 earthquake in Kraljevo of 5.5 magnitude affected around 120,000 people. Major floods have also been a recurrent problem. In September 2002, floods in the northern and southern parts of Albania damaged 494 houses, destroyed 30,000 hectares of agricultural land and affected 16,971 families. In 2013, hundreds of homes were flooded and over 20,000 people were affected in FYR of Macedonia when the banks of ten major rivers burst after two days of heavy rain. In the last 60 years, flooding in Serbia has caused material damage estimated at more than EUR 8 billion. In May 2014, catastrophic floods heavily affected Serbia and Bosnia causing devastating economic losses estimated at around EUR billion in each country. Europa Reinsurance Facility Ltd. Catastrophe and Weather Risk Reinsurance Company for Southeast Europe Yet, insurance coverage for natural hazards is almost non-existent among homeowners and small and mid-size enterprises (SMEs). Currently, only 1-2 houses out of 100 have private catastrophe insurance coverage, and as a result, in case of a major natural disaster most families, SMEs and farmers have to rely on government help.

3 About Europa Re To address the problem of low catastrophe insurance penetration in SEE, the countries of the region, supported by the World Bank, the Swiss Economic Cooperation Organization (SECO), the Global Environment Facility (GEF), UNISDR, and EU have established Europa Reinsurance Facility Ltd. (Europa Re). Europa Re is a Swiss-based specialty property catastrophe reinsurance company that manages an innovative catastrophe insurance market development programme for SEE. The company was established as a public-private partnership by the governments of Albania, FYR of Macedonia and Serbia. Europa Re is headquartered in Zug, Switzerland, and is regulated by the Swiss Financial Market Supervisory Authority (FINMA). Europa Re s Vision is to increase the catastrophe insurance penetration among homeowners and SMEs. Europa Re s Mission is to: Provide reinsurance and know-how to Europa Re insurance partners to enable them to expand sales of catastrophe and weather risk insurance products; Educate consumers and businesses about their risk exposure to weather and catastrophe risks; Help governments and insurance regulators enact regulatory and policy reforms conducive to the development of catastrophe and weather risk insurance markets. Europa Re offers reinsurance support to participating local insurance companies for innovative earthquake, flood and agriculture risk insurance products endorsed by the company. As part of the programme, participating insurers receive access to a fully integrated web-based insurance platform - comprising risk-model driven pricing, underwriting, claims management and risk management tools. Europa Re s main objective is to provide participating insurers with proper reinsurance, know-how and insurance technologies that would enable them to enter or expand their presence in catastrophe and weather risk insurance product lines.

4 New Generation of Insurance Solutions at a Glance Reliable Catastrophe and Weather Insurance Products: To ensure the high credit quality of catastrophe insurance products supported by Europa Re through its reinsurance coverage, the company provides its partner insurers with the level of reinsurance protection compliant with the rigorous risk-based solvency standards set out by FINMA the Swiss Financial Market Supervisory Authority. Europa Re endorsed catastrophe and weather risk products are designed to encourage massive participation of the public in Europa Re s programme. The products can be further custom-tailored to meet the needs and budget of individual homeowners, SMEs and farmers. Expertise and Know-How: Europa Re endorsed earthquake, flood and agricultural insurance products are sold and serviced exclusively through accredited and fully trained local partner insurance companies that meet the minimum risk management and product support requirements set out by the programme. Actuarially Sound Premium Rates: Sound and reliable pricing of Europa Re-endorsed insurance products is based on high-resolution catastrophe-risk models exclusively designed for the local markets. Claims Management: The Programme utilizes an efficient, quick and reliable claims servicing system under the catastrophe insurance product lines that relies on innovative imagebased technology. This system guarantees that insurance claims will be assessed and settled in accordance with the Swiss quality standards. A unique imagebased claims settlement technology developed for Europa Re programme and administered by a dedicated and highly trained team of claim management professionals ensures a swift and timely settlement of insurance claims following even the most devastating natural disasters. Claims settlement under the agriculture insurance product line is conducted automatically based on a predetermined average index value. Dedicated Reinsurance Capacity: Europa Re fully reinsures on highly competitive terms all catastrophe risk arising from sales of the earthquake, flood and agricultural insurance products sold by its partner local insurance companies - subject to their continuing compliance with the local regulatory requirements and the programme s minimum accreditation requirements. Notes: *The insurance products and insurance services endorsed by Europa Re are provided by its partner company Europa Re Management Ltd. a specialized Swiss based insurance services provider. *The high resolution catastrophe risk models for FYR of Macedonia, Serbia and Albania were developed by AIR Worldwide a specialized risk modelling company.

5 Benefits of Country Membership in Europa Re Member Countries benefit from their membership in Europa Re through: Expanded private catastrophe and weather risk insurance coverage of homeowners, SMEs and farmers; Reduction in overall fiscal exposure to natural disasters; Development of local catastrophe insurance markets through the creation of country-specific risk models, regulations, pricing and actuarial guidelines and new products; Coverage of government assets and insurance coverage of government obligations to socially vulnerable segments of the population exposed to natural disasters; Reduction of systemic risk for the financial sector, particularly in earthquake-prone countries, as the collateral of banks and the solvency of insurance companies will be protected; Improved quality of insurance supervision through assistance in developing risk-based insurance regulations for catastrophe risk. Benefits for the Insurance Industry Europa Re endorsed catastrophe and weather risk insurance products and the supporting IT systems are backed by the state-of-the-art catastrophe risk insurance modelling - the first of its kind developed for the region, automated risk pricing and underwriting tools. The value proposition of Europa Re risk models is anchored in the world-class expertise and global research in catastrophe risk modelling by the AIR Worldwide, country specific risk data painstakingly collected from SEE governments, research organizations and unique business applications developed by Europa Re experts. These innovative insurance technologies are made available to local insurance companies that enter Europa Re programme upon successful completion of comprehensive training of their staff on Europa Re endorsed products and web-based insurance production platform. The high quality of catastrophe insurance products, developed under Europa Re programme, is guaranteed by the provision of adequate reinsurance capacity and comprehensive claims management. Operating as a regional aggregator of catastrophe risk and being well equipped with the modern risk modelling tools, Europa Re offers highly competitive reinsurance terms to its partner insurance companies.

6 Disaster Risk Education and Advice In addition to providing marketing and PR support for its partner insurance companies, Europa Re developed and maintains a unique catastrophe risk monitoring website CATMonitor, which helps homeowners, businesses and governments to better prepare for natural disasters. CATMonitor is a highly interactive and innovative tool developed exclusively for public education purposes which greatly extends public access to information about natural disaster risks. In only a few minutes, site-users can learn about the exposure of their properties and businesses to catastrophe risk and the risk mitigation measures that may be undertaken to reduce the risk. Europa Re s CATMonitor is a free online information portal offering: Catastrophe risk assessment tool for properties and businesses; Assessment of users property catastrophe insurance needs, based on location, age and construction type of the property; Subscription to disaster alerts; Access to a learning tool about hazards in the area through the visualization of hazard data; Ability to report on and learn about the safety and seismic resilience of schools and hospitals in the communities. Planners, local government officials, agencies and engineers can use the maps and data in CATMonitor to respond in case of a natural disaster, as well as to determine where and how to build new structures. Homeowners and businesses can use the maps and data to learn about their property risk exposure and take timely action to prevent or mitigate potential damages to their properties caused by natural disasters.

7 Swiss Visual Pro Product Lines Earthquake Residential and Commercial Insurance These innovative insurance products provide coverage against risks of direct physical loss of or physical damage to the insured property directly caused by Earthquake, Fire and Explosion following an earthquake. Flood and Earthquake Residential and Commercial Insurance These innovative insurance products offer comprehensive insurance coverage against risks of direct physical loss of or physical damage to the insured property directly caused by Flood, Earthquake and ensuing perils. Both types of Swiss Visual Pro Insurance products are offered in flexible packages for different combinations of essential coverages to fit particular insurance needs of homeowners and commercial entities. In the case of residential products, homeowners can cover their Home, Auxiliary Structures (such as garages and storage sheds), Personal Belongings and more. The policy automatically covers the cost of debris removal and temporary living expenses that homeowners are likely to incur in case of severe or total damages to their dwellings. Europa Re endorsed commercial products are designed for business owners to protect their Commercial Buildings and Facilities, Auxiliary Structures (such as utility rooms, storage rooms, garages) and Contents in the insured building. The policy coverage includes the Cost of Debris Removal and the Loss of Profit due to interruption of business activities arising from severe or total damages to their commercial property.

8 Agricultural Insurance To increase farmers access to effective weather risk insurance products that meet their weather risk management needs, Europa Re has developed a comprehensive agriculture insurance programme which has been launched in FYR of Macedonia. The program supports Area Yield Index Insurance (AYII) - a comprehensive and innovative agriculture insurance product that protects farmers against all climatic, naturally occurring and biological perils it is an all-risk loss of yield policy which functions as an Area Yield Shortfall Guarantee. AYII policy insures farmers against severe drops in area yield index - the municipality average yield for each selected crop. The insured yield is established as a percentage of the average yield of the municipality. An indemnity is paid if the realized yield for the municipality is less than the insured area yield, regardless of the actual yield of a policyholder s farm. Claims pay-outs are completed automatically as there is no need for loss assessment at individual farm level. AYII is sold exclusively by certified local insurance companies participating in Europa Re programme. AYII provides coverage for the following crops: Wine Grapes Spring Corn Autumn Wheat Barley

9 Comprehensive Claims Management Services The Innovative Image-Based Claims Management System behind the Swiss Visual Pro Catastrophe Insurance Product Line ensures that policyholders can quickly get back to their normal lives after a natural disaster by receiving a swift and fair claims settlement enabled by: Quick and efficient claims settlement procedures Highly trained international claims management team Innovative technology to ensure proper damage assessment Adequate and swift claims payment backed by Europa Re reinsurance programme How to Purchase Swiss Visual Pro Insurance Products? Swiss Visual Pro Catastrophe Insurance products are sold and serviced exclusively by Europa Re accredited insurance companies. Only a sales person employed by or an insurance agent contracted by Europa Re accredited insurance partners can provide clients with a binding premium quote for an insurance coverage appropriate for their property and budget, explain what is covered under the policy and help them choose and purchase the right insurance coverage. Backed by a fully automated underwriting and pricing system, Europa Re partner insurance companies process all Swiss Visual Pro Insurance policy applications, perform policy renewals, collect insurance premiums, and accept claims notifications after damages inflicted by natural disasters.

10 Contact: Europa Re Office in Zug: Bundesplatz 16, CH-6300 Zug, Switzerland Phone: +(41) Fax: +(41) Corporate Website: Representative Office of Europa Re in Albania: Ibrahim Rugova - Kompleksi Green Park, Kati 7-te, Apt no. 30 Tirana, Republic of Albania Phone: +(355) Representative Office of Europa Re in Serbia: Sremska 4/III, Novi Sad, Republic of Serbia Phone: +(381) Representative Office of Europa Re in FYR of Macedonia: Mirce Orovcanec, no. 1/11, 1000 Skopje, Republic of Macedonia Phone: +(389)

11 Supported by: Building Resilience to Disasters in Western Balkans and Turkey

Agriculture Insurance Programs developed with PPP mechanisms case study of Europa Re

Agriculture Insurance Programs developed with PPP mechanisms case study of Europa Re IIF 2015 Property Insurance in a Stormy Era Munich, June 22-23 Agriculture Insurance Programs developed with PPP mechanisms case study of Europa Re Marijana Lemic-Saramandic, MSc Country Program Manager

More information

Benefits and Opportunities of Europa Re Programme for the Insurance Industry

Benefits and Opportunities of Europa Re Programme for the Insurance Industry Europa Re 2nd Regional Insurance Conference "New Generation of Insurance Solutions" Benefits and Opportunities of Europa Re Programme for the Insurance Industry KLIME POPOSKI BELGRADE, O CTOBER 2 014 Natural

More information

South East Europe and Caucasus Catastrophe Reinsurance Facility

South East Europe and Caucasus Catastrophe Reinsurance Facility South East Europe and Caucasus Catastrophe Reinsurance Facility By: Wael Zakout, Manager: Urban, Water and Disaster Management, Europe and Central Asia Region Background information The World Bank UNISDR

More information

The Role of World Bank in Supporting Turkish Catastrophe Insurance Pool

The Role of World Bank in Supporting Turkish Catastrophe Insurance Pool Innovations in Managing Catastrophic Risks World Bank Conference Washington DC January 8-10, 2000 The Role of World Bank in Supporting Turkish Catastrophe Insurance Pool Eugene N. Gurenko Insurance Common

More information

The Turkish Catastrophe Insurance Pool (TCIP) and the Compulsory Earthquake Insurance Scheme Selamet Yazici

The Turkish Catastrophe Insurance Pool (TCIP) and the Compulsory Earthquake Insurance Scheme Selamet Yazici The Turkish Catastrophe Insurance Pool (TCIP) and the Compulsory Earthquake Selamet Yazici Turkey is just one of many countries historically affected by natural disasters, especially earthquakes and floods.

More information

New Zealand Society for Earthquake Engineering. Saturday 11 April 2015 Rotorua

New Zealand Society for Earthquake Engineering. Saturday 11 April 2015 Rotorua New Zealand Society for Earthquake Engineering Saturday 11 April 2015 Rotorua Annual Likelihood National Severe weather Hazard Risks 10 % Once a decade 1 % Once a century Large rural flood Major transport

More information

Common Format for Project/Program Concept Note for the Use of Resources from the PPCR Competitive Set-Aside (Round II)

Common Format for Project/Program Concept Note for the Use of Resources from the PPCR Competitive Set-Aside (Round II) Common Format for Project/Program Concept Note for the Use of Resources from the PPCR Competitive Set-Aside (Round II) 1. Country/Region: BOLIVIA 2. CIF Project ID#: 3. Project/Program Title: 4. Date of

More information

The current stage of insurance regulations (in Catastrophe insurance) in emerging economies- Serap Oguz GONULAL, World Bank October 12-14

The current stage of insurance regulations (in Catastrophe insurance) in emerging economies- Serap Oguz GONULAL, World Bank October 12-14 The current stage of insurance regulations (in Catastrophe insurance) in emerging economies- Serap Oguz GONULAL, World Bank October 12-14 INSURANCE SECTOR HIGHLY REGULATED The insurance sector in emerging

More information

INSURANCE SUPERVISION AGENCY ANNUAL REPORT ON THE OPERATIONS OF THE INSURANCE SUPERVISION AGENCY IN 2013

INSURANCE SUPERVISION AGENCY ANNUAL REPORT ON THE OPERATIONS OF THE INSURANCE SUPERVISION AGENCY IN 2013 INSURANCE SUPERVISION AGENCY ANNUAL REPORT ON THE OPERATIONS OF THE INSURANCE SUPERVISION AGENCY IN 2013 Skopje, 2014 CONTENTS 1. ESTABLISHMENT AND MISSION 3 2. FINANCING OF THE INSURANCE SUPERVISION AGENCY

More information

PACIFIC CATASTROPHE RISK ASSESSMENT AND FINANCING INITIATIVE

PACIFIC CATASTROPHE RISK ASSESSMENT AND FINANCING INITIATIVE PACIFIC CATASTROPHE RISK ASSESSMENT AND FINANCING INITIATIVE NIUE SEPTEMBER 11 COUNTRY RISK PROFILE: NIUE Niue is expected to incur, on average,.9 million USD per year in losses due to earthquakes and

More information

JAMAICA. Agricultural Insurance: Scope and Limitations for Weather Risk Management. Diego Arias Economist. 18 June 2009

JAMAICA. Agricultural Insurance: Scope and Limitations for Weather Risk Management. Diego Arias Economist. 18 June 2009 JAMAICA Agricultural Insurance: Scope and Limitations for Weather Risk Management Diego Arias Economist 18 June 2009 Financed partly by the AAACP EU Support to the Caribbean Agenda The global market Products

More information

THE CALIFORNIA EARTHQUAKE AUTHORITY

THE CALIFORNIA EARTHQUAKE AUTHORITY THE CALIFORNIA EARTHQUAKE AUTHORITY October, 2009 OVERVIEW California has a long history of earthquake damage. The great San Francisco earthquake of 1906 and the 1989 Loma Prieta earthquake rank among

More information

Public Private Partnerships in Disaster Risk Management

Public Private Partnerships in Disaster Risk Management Public Private Partnerships in Disaster Risk Management Reto Schnarwiler 22 February2007 Risk management needs of the public sector Governments are exposed to a variety of risks explicitly by default as

More information

Financial Strategies for Managing the Economic Impacts of Natural Disasters

Financial Strategies for Managing the Economic Impacts of Natural Disasters Financial Strategies for Managing the Economic Impacts of Natural Disasters Case Studies The Turkish Catastrophe Insurance Pool This case study describes the development, organization and operation of

More information

Technology Transforming Decision-making: Managing Natural Hazard Risk

Technology Transforming Decision-making: Managing Natural Hazard Risk March 3, 2011 Technology Transforming Decision-making: Managing Natural Hazard Risk Dr. Patricia Grossi Research Director Risk Management Solutions Modeling Natural Disaster Risk Hazard RISK Vulnerability

More information

Technical Note 4 A Comparison of Indemnity and Index Insurances. Insurance for Climate Change Adaptation Project

Technical Note 4 A Comparison of Indemnity and Index Insurances. Insurance for Climate Change Adaptation Project 4 Technical Note 4 A Comparison of Indemnity and Index Insurances Insurance for Climate Change Adaptation Project Technical Note 4 A Comparison of Indemnity and Index Insurances Deutsche Gesellschaft für

More information

THE COMMODITY RISK MANAGEMENT GROUP WORLD BANK

THE COMMODITY RISK MANAGEMENT GROUP WORLD BANK THE COMMODITY RISK MANAGEMENT GROUP WORLD BANK Agricultural Insurance: Scope and Limitations for Rural Risk Management 5 March 2009 Agenda The global market Products Organisation of agricultural insurance

More information

Developing Catastrophe and Weather Risk Markets in Southeast Europe: From Concept to Reality

Developing Catastrophe and Weather Risk Markets in Southeast Europe: From Concept to Reality First Regional Europa Re Conference Developing Catastrophe and Weather Risk Markets in Southeast Europe: From Concept to Reality 12-14 October 2011 Ohrid, FYR of Macedonia Exploring alternative product

More information

Natural Perils Insurance without Equal. 18 october 2011

Natural Perils Insurance without Equal. 18 october 2011 Natural Perils Insurance without Equal 18 october 2011 2 Imprint Recipients: Interested parties within and outside the insurance industry Published by: Swiss Insurance Association SIA Conrad-Ferdinand-Meyer-Strasse

More information

JOINT WORK PROGRAM FOR THE LEAST DEVELOPED COUNTRIES FUND AND SPECIAL CLIMATE CHANGE FUND. GEF/LDCF.SCCF.19/04 September 28, 2015

JOINT WORK PROGRAM FOR THE LEAST DEVELOPED COUNTRIES FUND AND SPECIAL CLIMATE CHANGE FUND. GEF/LDCF.SCCF.19/04 September 28, 2015 19 th LDCF/SCCF Council Meeting October 22, 2015 Washington, D.C. GEF/LDCF.SCCF.19/04 September 28, 2015 Agenda Item 04 JOINT WORK PROGRAM FOR THE LEAST DEVELOPED COUNTRIES FUND AND SPECIAL CLIMATE CHANGE

More information

The State of Nevada Department of Insurance Earthquake Insurance Nevada Consumer s Guide

The State of Nevada Department of Insurance Earthquake Insurance Nevada Consumer s Guide The State of Nevada Department of Insurance Earthquake Insurance Nevada Consumer s Guide This guide contains information provided by the Nevada Seismological Laboratory at the University of Nevada in Reno,

More information

Disaster Risk Reduction (DRR)

Disaster Risk Reduction (DRR) Disaster Risk Reduction (DRR) A. Introduction 1. In order to address the impacts of the May 12 Wenchuan Earthquake, the Government of China will implement an effective, comprehensive and sustainable recovery

More information

GAO NATIONAL FLOOD INSURANCE PROGRAM. FEMA s Management and Oversight of Payments for Insurance Company Services Should Be Improved

GAO NATIONAL FLOOD INSURANCE PROGRAM. FEMA s Management and Oversight of Payments for Insurance Company Services Should Be Improved GAO United States Government Accountability Office Report to Congressional Committees September 2007 NATIONAL FLOOD INSURANCE PROGRAM FEMA s Management and Oversight of Payments for Insurance Company Services

More information

Homeowners Insurance in the States

Homeowners Insurance in the States Testimony to the Senate Business and Commerce Committee Senator John J. Carona, Chair Texas Legislature Tuesday, July 10, 2012 Heather Morton National Conference of State Legislatures Denver, Colorado

More information

Role of Government in Agriculture Risk Mitigation & Expansion of Insurance in India

Role of Government in Agriculture Risk Mitigation & Expansion of Insurance in India Role of Government in Agriculture Risk Mitigation & Expansion of Insurance in India Kolli N Rao 4 th October 2015 0 OVERVIEW India: The Agriculture Setting India: Agriculture Insurance Architecture Agriculture

More information

Aviva response to the European Commission s Green Paper on the insurance of natural and man-made disasters

Aviva response to the European Commission s Green Paper on the insurance of natural and man-made disasters Aviva response to the European Commission s Green Paper on the insurance of natural and man-made disasters Aviva provides 34 million customers with insurance, savings and investment products. We are one

More information

Tailoring Agricultural Insurance Products to Developing Countries

Tailoring Agricultural Insurance Products to Developing Countries Tailoring Agricultural Insurance Products to Developing Countries Ramiro Iturrioz Senior Agriculture Insurance Specialist Insurance for the Poor The World Bank October, 2010 1 Agenda Risk and constraints

More information

Business models in reinsurance Munich Re's positioning

Business models in reinsurance Munich Re's positioning Business models in reinsurance Munich Re's positioning Torsten Jeworrek 6 September 2009 Monte Carlo Trends in reinsurance Short-term term trends Decrease in capacity and resulting hardening of the markets,

More information

KNOWLEDGE NOTE 6-2. Earthquake Risk Insurance. CLUSTER 6: The economics of disaster risk, risk management, and risk financing

KNOWLEDGE NOTE 6-2. Earthquake Risk Insurance. CLUSTER 6: The economics of disaster risk, risk management, and risk financing KNOWLEDGE NOTE 6-2 CLUSTER 6: The economics of disaster risk, risk management, and risk financing Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure

More information

Presentation by Michael Wade. Crown Representative for Insurance at the Cabinet Office of the UK Government. National Flood Conference Washington DC

Presentation by Michael Wade. Crown Representative for Insurance at the Cabinet Office of the UK Government. National Flood Conference Washington DC Presentation by Michael Wade Crown Representative for Insurance at the Cabinet Office of the UK Government National Flood Conference Washington DC May 2015 Role of the Crown Representative.. Role of the

More information

The AIR Multiple Peril Crop Insurance (MPCI) Model For The U.S.

The AIR Multiple Peril Crop Insurance (MPCI) Model For The U.S. The AIR Multiple Peril Crop Insurance (MPCI) Model For The U.S. According to the National Climatic Data Center, crop damage from widespread flooding or extreme drought was the primary driver of loss in

More information

Approach to Managing Climate Risk

Approach to Managing Climate Risk Approach to Managing Climate Risk I. Introduction As an insurer, employer, investor, property owner, and responsible corporate citizen, Allstate is committed to dedicating resources to help mitigate and

More information

A BILL FOR AN ACT ENTITLED: "AN ACT GENERALLY REVISING LAWS RELATED TO FARM MUTUAL

A BILL FOR AN ACT ENTITLED: AN ACT GENERALLY REVISING LAWS RELATED TO FARM MUTUAL HOUSE BILL NO. 0 INTRODUCED BY R. BRODEHL A BILL FOR AN ACT ENTITLED: "AN ACT GENERALLY REVISING LAWS RELATED TO FARM MUTUAL INSURANCE; PROVIDING A MANAGING GENERAL AGENT WAIVER TO CERTAIN PERSONS HANDLING

More information

Indemnity based Nat Cat insurance covers for sovereign risks Example: FONDEN, Mexico

Indemnity based Nat Cat insurance covers for sovereign risks Example: FONDEN, Mexico Indemnity based Nat Cat insurance covers for sovereign risks Example: FONDEN, Mexico Workshop World Bank / Munich Re Washington: 23 April 2013 Dott. Ing. Paolo Bussolera Head of Claims - Europe and Latin

More information

Nevada Division of Insurance

Nevada Division of Insurance Department of Business and Industry Nevada Division of Insurance 788 Fairview Drive, Suite 300, Carson City, Nevada 89701-5491 Phone: (775) 687-4270 Fax: (775) 687-3937 Web: doi.nv.gov Scott Kipper, Commissioner

More information

OBSERVATIONS AND SUGGESTIONS

OBSERVATIONS AND SUGGESTIONS OBSERVATIONS AND SUGGESTIONS Resident Mission in the PRC 24 June 2008 EARTHQUAKE INSURANCE: LESSONS FROM INTERNATIONAL EXPERIENCE AND KEY ISSUES FOR DEVELOPING EARTHQUAKE INSURANCE IN THE PRC Abstract

More information

Political Champions Partnership for stimulating insurance penetration in lower income countries. Initial Market Surveys: Summary Note

Political Champions Partnership for stimulating insurance penetration in lower income countries. Initial Market Surveys: Summary Note Political Champions Partnership for stimulating insurance penetration in lower income countries Initial Market Surveys: Summary Note Executive Summary After the last Champions meeting in April, an expert-level

More information

Allianz Reducing the risks of the poor through microinsurance

Allianz Reducing the risks of the poor through microinsurance DEDICATED TO MAKING A DIFFERENCE World Business Council for Sustainable Development Case Study 2009 Allianz Reducing the risks of the poor through microinsurance The business case The Allianz Group has

More information

4 th IAIS/A2ii Consultation Call Agricultural Insurance

4 th IAIS/A2ii Consultation Call Agricultural Insurance 4 th IAIS/A2ii Consultation Call Agricultural Insurance The following questions have been received during the 4 th IAIS-A2ii Consultation Call on Agricultural Insurance on June 26 th at 10am and 4pm and

More information

INSURANCE DICTIONARY

INSURANCE DICTIONARY INSURANCE DICTIONARY Actuary An actuary is a professional who uses statistical data to assess risk and calculate dividends, financial reserves, and insurance premiums for a business or insurer. Agent An

More information

EBRD supporting Deposit Insurance Agencies. Vedrana Jelusic Kasic, Director for Croatia

EBRD supporting Deposit Insurance Agencies. Vedrana Jelusic Kasic, Director for Croatia EBRD supporting Deposit Insurance Vedrana Jelusic Kasic, Director for Croatia Contents 1 Areas of Policy Dialogue in the Supporting Deposit Insurance DAB Croatia & EBRD 2 : an overview Portfolio Composition

More information

Terms of Reference for consultants

Terms of Reference for consultants Terms of Reference for consultants The consultants for the proposed TA will largely comprise actuaries, underwriters and data analysts with relevant experience in crop insurance and their expertise will

More information

Earthquakes: Risk & Insurance Issues

Earthquakes: Risk & Insurance Issues Earthquakes: Risk & Insurance Issues An earthquake is a sudden and rapid shaking of the earth caused by the breaking and shifting of rock beneath the earth s surface. This shaking can sometimes trigger

More information

4 years from the inception date

4 years from the inception date NATURAL DISASTER INSURANCE POOL Romanian Case Study of Compulsory Insurance: The PAID Insurance Framework 4 years from the inception date October 1 st 2 nd, 2014 Belgrade, Serbia Nicoleta Radu-Neacsu CEO

More information

COMITÉ EUROPÉEN DES ASSURANCES. Flood Prevention in Europe The Role of the Insurance Industry

COMITÉ EUROPÉEN DES ASSURANCES. Flood Prevention in Europe The Role of the Insurance Industry COMITÉ EUROPÉEN DES ASSURANCES SECRETARIAT GENERAL 3bis, rue de la Chaussée d'antin F 75009 Paris Tél. : +33 1 44 83 11 83 Fax : +33 1 47 70 03 75 Web : cea.assur.org DELEGATION A BRUXELLES Square de Meeûs,

More information

Sue Murray Steel Pacific Insurance Brokers

Sue Murray Steel Pacific Insurance Brokers Sue Murray Steel Pacific Insurance Brokers Steel Pacific Insurance Brokers specialise in developing economical insurance product opportunities for our preferred customer base. Steel Pacific Insurance Brokers

More information

CCRIF: A Natural Catastrophe Risk Insurance Mechanism for Caribbean Nations

CCRIF: A Natural Catastrophe Risk Insurance Mechanism for Caribbean Nations CCRIF: A Natural Catastrophe Risk Insurance Mechanism for Caribbean Nations Current knowledge, expertise and experience to support the work programme on loss and damage under the Cancún Adaptation Framework

More information

Mitigating catastrophic risk in Australian agriculture

Mitigating catastrophic risk in Australian agriculture Australia s Leader in MPCI Mitigating catastrophic risk in Australian agriculture Andrew Trotter, Latevo Outlook 2015 Conference Tuesday 3 rd March 2015. 1 Multi-Peril Crop Insurance is now working in

More information

Audit Report. Risk Management Agency Financial Management Controls Over Reinsured Companies. U.S. Department of Agriculture

Audit Report. Risk Management Agency Financial Management Controls Over Reinsured Companies. U.S. Department of Agriculture U.S. Department of Agriculture Office of Inspector General Great Plains Region Audit Report Risk Management Agency Financial Management Controls Over Reinsured Companies Report No. 05801-3-KC April 2006

More information

RenaissanceRe. Agriculture Products

RenaissanceRe. Agriculture Products Syndicate 1458 Agriculture Products Syndicate 1458 Agriculture Products Syndicate 1458 is part of the Group of Companies a leading global provider of property catastrophe and specialty reinsurance, and

More information

What is an insurance policy? Financial Risk: Insurance Questions and Answers. What is insurable interest? What is insurable interest?

What is an insurance policy? Financial Risk: Insurance Questions and Answers. What is insurable interest? What is insurable interest? Financial Risk: Insurance Questions and Answers What is an insurance policy? A legally binding contract Insurance company and the policyholder (person insured) In exchange for payment (premium) The insurance

More information

CALIFORNIA EARTHQUAKE AUTHORITY. Financial Statements. December 31, 2001 and 2000. (With Independent Auditors Report Thereon)

CALIFORNIA EARTHQUAKE AUTHORITY. Financial Statements. December 31, 2001 and 2000. (With Independent Auditors Report Thereon) Financial Statements (With Independent Auditors Report Thereon) Three Embarcadero Center San Francisco, CA 94111 Independent Auditors Report The Board of Directors California Earthquake Authority: We have

More information

UNITED NATIONS CHILDREN S FUND

UNITED NATIONS CHILDREN S FUND UNITED NATIONS CHILDREN S FUND Office in Serbia is seeking qualified Consultant for supporting infusion of Disaster Risk Reduction across Education Curriculum for Primary and Secondary Schools in Serbia

More information

How Crop Insurance Works. The Basics

How Crop Insurance Works. The Basics How Crop Insurance Works The Basics Behind the Policy Federal Crop Insurance Corporation Board of Directors Approve Policies Policy changes General direction of program Risk Management Agency Administers

More information

Crop Insurance in Australia. Steven Green Managing Director, Dr. Olena Sosenko Technical Manager

Crop Insurance in Australia. Steven Green Managing Director, Dr. Olena Sosenko Technical Manager Crop Insurance in Australia Steven Green Managing Director, Dr. Olena Sosenko Technical Manager Agenda Overview of Australian Agriculture Australian Risks profile Structure of Crop Insurance Market Government

More information

Deficit Rainfall Insurance Payouts in Most Vulnerable Agro Climatic Zones of Tamil Nadu, India

Deficit Rainfall Insurance Payouts in Most Vulnerable Agro Climatic Zones of Tamil Nadu, India Deficit Rainfall Insurance Payouts in Most Vulnerable Agro Climatic Zones of Tamil Nadu, India S.Senthilnathan, K.Palanisami, C.R.Ranganathan and Chieko Umetsu 2 Tamil Nadu Agricultural University, Coimbatore,

More information

Public private partnerships in agricultural insurance

Public private partnerships in agricultural insurance Public private partnerships in agricultural insurance William Dick Consultant Agricultural Insurance Development Program (AIDP) The World Bank January 30, 2014 Agriculture Insurance Development Program

More information

Testimony of Glenn Pomeroy Chief Executive Officer, California Earthquake Authority

Testimony of Glenn Pomeroy Chief Executive Officer, California Earthquake Authority Testimony of Glenn Pomeroy Chief Executive Officer, California Earthquake Authority Before the House Committee on Financial Services Subcommittee on Housing and Community Opportunity Subcommittee on Capital

More information

Group Risk Crop Insurance

Group Risk Crop Insurance Materials Prepared for Federation of Southern Cooperatives Epes, Alabama September 11, 2009 Group Risk Crop Insurance by Karen R. Krub Farmers Legal Action Group, Inc. 360 North Robert Street, Suite 500

More information

IFC Global Index Insurance Facility Response to the EU Green Paper on the insurance of natural and man-made disasters

IFC Global Index Insurance Facility Response to the EU Green Paper on the insurance of natural and man-made disasters IFC Global Index Insurance Facility Response to the EU Green Paper on the insurance of natural and man-made disasters 1 2 Table of Contents Insurance pricing as an insurance market-based incentive to promote

More information

32 Contingencies MAR/APR.06

32 Contingencies MAR/APR.06 32 Contingencies MAR/APR.06 New Catastrophe Models for Hard Times B Y P A T R I C I A G R O S S I A N D H O W A R D K U N R E U T H E R Driven by the increasing frequency and severity of natural disasters

More information

TESTIMONY JACQUES E. DUBOIS CHAIRMAN AND CEO, SWISS RE AMERICA HOLDING ON BEHALF OF SWISS RE BEFORE

TESTIMONY JACQUES E. DUBOIS CHAIRMAN AND CEO, SWISS RE AMERICA HOLDING ON BEHALF OF SWISS RE BEFORE TESTIMONY OF JACQUES E. DUBOIS CHAIRMAN AND CEO, SWISS RE AMERICA HOLDING ON BEHALF OF SWISS RE BEFORE THE UNITED STATES SENATE COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS OVERSIGHT OF THE TERRORISM

More information

MISSISSIPPI DEPARTMENT OF INSURANCE REGULATION 2007-1, as amended. MISSISSIPPI HOMEOWNER INSURANCE POLICYHOLDER BILL OF RIGHTS

MISSISSIPPI DEPARTMENT OF INSURANCE REGULATION 2007-1, as amended. MISSISSIPPI HOMEOWNER INSURANCE POLICYHOLDER BILL OF RIGHTS MISSISSIPPI DEPARTMENT OF INSURANCE REGULATION 2007-1, as amended. MISSISSIPPI HOMEOWNER INSURANCE POLICYHOLDER BILL OF RIGHTS TABLE OF CONTENTS: Section 1. Purpose Section 2. Authority Section 3. Scope

More information

Response to the Great East Japan Earthquake by General Insurance Industry

Response to the Great East Japan Earthquake by General Insurance Industry World Forum 2011 Response to the Great East Japan Earthquake by General Insurance Industry Montego Bay, Jamaica on October 25-26, 2011 Japan Earthquake Reinsurance Co., Ltd. 1 History(of(Earthquake(Insurance(

More information

Agricultural Data and Insurance

Agricultural Data and Insurance Agricultural Data and Insurance Innovations in agricultural data development for insurance Background Insurance requires high quality data. From an insurance perspective data is high quality if it is timely

More information

2012 Minnesota Homeowners Report

2012 Minnesota Homeowners Report 2012 Minnesota Homeowners Report Minnesota Department of Commerce 2012 Homeowners Insurance Report Page 1 2012 Minnesota Homeowners Report The Minnesota Homeowners Report is completed annually by the Minnesota

More information

CADRI HOMEOWNER PROPERTY INSURANCE SURVEY REPORT

CADRI HOMEOWNER PROPERTY INSURANCE SURVEY REPORT CADRI HOMEOWNER PROPERTY INSURANCE SURVEY REPORT NOVEMBER 2015 1 INTRODUCTION The Canadian Association of Direct Relationship Insurers (CADRI) is a trade association representing insurance companies who

More information

Travelers Coastal Wind Zone Plan THE TRAVELERS INSTITUTE

Travelers Coastal Wind Zone Plan THE TRAVELERS INSTITUTE THE TRAVELERS INSTITUTE Travelers Coastal Wind Zone Plan A Comprehensive Plan to Improve Availability and Affordability of Named Storm Wind Insurance for Coastal Homeowners Number of Hurricanes per Year,

More information

IPR Workshop 5-24-10 Response to Follow Up Questions Property Insurance

IPR Workshop 5-24-10 Response to Follow Up Questions Property Insurance IPR Workshop 5-24-10 Response to Follow Up Questions Property Insurance 1. Provide legal statement on BPA s ability to purchase property insurance. Early in the property insurance evaluation process BPA

More information

2008/ASCC/011a Deepening Regional Cooperation for Disaster Recovery and Reconstruction: A Proposal for Proactive Approach to Risk Financing

2008/ASCC/011a Deepening Regional Cooperation for Disaster Recovery and Reconstruction: A Proposal for Proactive Approach to Risk Financing 2008/ASCC/011a Deepening Regional Cooperation for Disaster Recovery and Reconstruction: A Proposal for Proactive Approach to Risk Financing Purpose: Information Submitted by: Philippines APEC Study Centres

More information

Sustainability of the Short-Term Insurance Industry

Sustainability of the Short-Term Insurance Industry Sustainability of the Short-Term Insurance Industry Presented by: John Melville Executive Head: Risk Services, Santam Chairman of the SAIA 11 th June 2012 The Education Collaboration Response Business

More information

Regulations on Administration of Reinsurance Business

Regulations on Administration of Reinsurance Business Regulations on Administration of Reinsurance Business 再 保 险 业 务 管 理 规 定 ( The CIRC Ordinance No. 2 2005 ) (05-10-28) Reviewed and adopted at the Chairman Meeting of the China Insurance Regulatory Commission

More information

From Groundbreaking to Remodeling: Builders Risk 101 Guide

From Groundbreaking to Remodeling: Builders Risk 101 Guide From Groundbreaking to Remodeling: Builders Risk 101 Guide Builders Risk 101 Guide As a trusted insurance professional, your clients rely on you to provide risk mitigation advice and to recommend a superior

More information

Schroders Insurance-Linked Securities

Schroders Insurance-Linked Securities May 2014 For professional investors or advisers only. Not suitable for retail clients. Schroders Insurance-Linked Securities Advised by Secquaero Advisors AG Schroders Insurance-Linked Securities 1 Why

More information

Cost & Efficiency Analysis of U.S. Crop Insurance Program: Implications of Additional FSA Responsibilities

Cost & Efficiency Analysis of U.S. Crop Insurance Program: Implications of Additional FSA Responsibilities Cost & Efficiency Analysis of U.S. Crop Insurance Program: Implications of Additional FSA Responsibilities Executive Summary Prepared for: Informa Economics Phone: 901.766.4669 www.informaecon.com September

More information

FLOODS ARE THE #1 NATURAL DISASTER IN THE UNITED STATES.

FLOODS ARE THE #1 NATURAL DISASTER IN THE UNITED STATES. F-671 (10-12) Here is the National Flood Insurance Guide that you requested. This brochure will not only show you how to purchase flood insurance, it will also show you how to protect your home or business

More information

A brief and Developments. Pankaj Kumar Tewari Deputy Director, IRDA

A brief and Developments. Pankaj Kumar Tewari Deputy Director, IRDA A brief and Developments Pankaj Kumar Tewari Deputy Director, IRDA 1 Disclaimer The views expressed in this presentation are my own views and do not in any way reflect the views of the Authority on any

More information

BDO Consulting. Insurance Claim Services. Logo

BDO Consulting. Insurance Claim Services. Logo BDO Consulting Insurance Claim Services Business interruption and property damage claim preparation is our core business exclusively servicing policyholders. We utilize a comprehensive and detailed approach

More information

Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/)

Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/) Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/) ACTUAL CASH VALUE A form of insurance that pays damages equal to the replacement value of damaged property

More information

Flood Damage: The Hidden Cost of Climate Change

Flood Damage: The Hidden Cost of Climate Change LCERPA Commentary No. 2016-4 May 2016 Flood Damage: The Hidden Cost of Climate Change Derek Ensing, Department of Economics, Wilfrid Laurier University Climate Choices Canada Commentary 1 Flood Damage:

More information

The Role of Homeowner Insurance in the Wildland/Urban Interface

The Role of Homeowner Insurance in the Wildland/Urban Interface Individual perils are essentially personal. As individuals, we have some degree of control over their origin. For instance, the peril of loss as a result of fire is an individual peril. By observing simple

More information

GOOD MORNING MR. CHAIRMAN AND MEMBERS OF THE COMMITTEE. I AM BOB HUNTER, DIRCETOR OF INSURANCE FOR CONSUMER FEDERATION OF AMERICA.

GOOD MORNING MR. CHAIRMAN AND MEMBERS OF THE COMMITTEE. I AM BOB HUNTER, DIRCETOR OF INSURANCE FOR CONSUMER FEDERATION OF AMERICA. GOOD MORNING MR. CHAIRMAN AND MEMBERS OF THE COMMITTEE. I AM BOB HUNTER, DIRCETOR OF INSURANCE FOR CONSUMER FEDERATION OF AMERICA. THE COMMITTEE ASKED FOR COMMENTS ON HOW TO MAKE POST-DISASTER CLAIMS MORE

More information

Insurance. Become a member. of the family. NJMGroup

Insurance. Become a member. of the family. NJMGroup Become a member of the family Insurance NJMGroup Personal Auto Insurance Here s Why! Nationally recognized for customer satisfaction excellence. Roadside Assistance included with policies. $92 million

More information

GREEN PAPER. on the insurance of natural and man-made disasters

GREEN PAPER. on the insurance of natural and man-made disasters EUROPEAN COMMISSION Strasbourg, 16.4.2013 COM(2013) 213 final GREEN PAPER on the insurance of natural and man-made disasters Comments from the Danish Financial Supervisory Authority EN EN (1) (1) What

More information

DRAFT THE PROGRESS ON AGRICULTURAL INSURANCE IN SOUTH AFRICA

DRAFT THE PROGRESS ON AGRICULTURAL INSURANCE IN SOUTH AFRICA DRAFT THE PROGRESS ON AGRICULTURAL INSURANCE IN SOUTH AFRICA AGRICULTURAL INSURANCE IN SOUTH AFRICA Agricultural insurance in South Africa stems from the 1970 s when a South African government subsidized

More information

The Role of Insurance in Adaptation Finance in the Caribbean

The Role of Insurance in Adaptation Finance in the Caribbean The Role of Insurance in Adaptation Finance in the Caribbean the CCRIF Experience Isaac Anthony, Chief Executive Officer Caribbean Catastrophe Risk Insurance Facility (CCRIF) Session 4 Mobilizing Private

More information

Agricultural Insurance for Developing Countries The Role of Governments

Agricultural Insurance for Developing Countries The Role of Governments Agricultural Outlook Forum Washington D.C. February 22, 2013 Agricultural Insurance for Developing Countries The Role of Governments Speaker José Ángel Villalobos Actuarial Consultant Disaster Risk Financing

More information

Published in "Official Gazette of the Republic of Macedonia" No. 67/2004 LAW ON AMBIENT AIR QUALITY I. GENERAL PROVISIONS

Published in Official Gazette of the Republic of Macedonia No. 67/2004 LAW ON AMBIENT AIR QUALITY I. GENERAL PROVISIONS Published in "Official Gazette of the Republic of Macedonia" No. 67/2004 LAW ON AMBIENT AIR QUALITY I. GENERAL PROVISIONS Article 1 Subject of regulation (1) This Law shall regulate the measures for avoidance,

More information

GAO FLOOD INSURANCE. Information on Financial Aspects of the National Flood Insurance Program

GAO FLOOD INSURANCE. Information on Financial Aspects of the National Flood Insurance Program GAO United States General Accounting Office Testimony Before the Subcommittee on Housing and Community Opportunity, Committee on Banking and Financial Services, House of Representatives For Release on

More information

The following chart shows how your commission rate and commission were determined. This is an agency billed policy.

The following chart shows how your commission rate and commission were determined. This is an agency billed policy. Commission Statement Name and address of producer MORSTAN GENERAL AGENCY INC. P.O. BOX 4500 MANHASSET, NY 11030-4500 Page 1 Issued by Chubb Indemnity Insurance Company Policy period 5/29/16 to 5/29/17

More information

^mavr` ~r_m {d{z`m_h$ Am a {dh$mg àm{yh$au INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA. ^ ~r {d {d à. Crop Insurance

^mavr` ~r_m {d{z`m_h$ Am a {dh$mg àm{yh$au INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA. ^ ~r {d {d à. Crop Insurance m m ^ ~r {d {d à ^mavr` ~r_m {d{z`m_h$ Am a {dh$mg àm{yh$au INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Crop Insurance Contents: 1. About this handbook 1 2. Crop Insurance 2 3. Frequently Asked

More information

Finance, insurance, reinsurance

Finance, insurance, reinsurance Dr. Eberhard Faust, Munich Re, December 2006 Technical Note No. 145: The socio-economic benefits of climate services Finance, insurance, reinsurance Formatted: Centered 1. Introduction Modern societies,

More information

CONFERENCE ON CATASTROPHIC RISKS AND INSURANCE 22-23 November 2004 DISASTER RISK MANAGEMENT IN JAPAN. Powerpoint presentation

CONFERENCE ON CATASTROPHIC RISKS AND INSURANCE 22-23 November 2004 DISASTER RISK MANAGEMENT IN JAPAN. Powerpoint presentation DIRECTORATE FOR FINANCIAL AND ENTERPRISE AFFAIRS CONFERENCE ON CATASTROPHIC RISKS AND INSURANCE 22-23 November 2004 DISASTER RISK MANAGEMENT IN JAPAN Kazuhiro Kawachimaru ( Ltd) Powerpoint presentation

More information

Natural Disater Insurance Pool PAID Review of the first year of activity. Marius Bulugea, PDG

Natural Disater Insurance Pool PAID Review of the first year of activity. Marius Bulugea, PDG Natural Disater Insurance Pool PAID Review of the first year of activity Marius Bulugea, PDG Romania is one of the European countries significantly exposed to natural disasters, especially earthquakes

More information

Modeling Flood Perils and Flood Insurance Program in Taiwan

Modeling Flood Perils and Flood Insurance Program in Taiwan Modeling Flood Perils and Flood Insurance Program in Taiwan Ching-Cheng Chang 1 Research Fellow, Institute of Economics, Academia Sinica and Professor, Department of Agricultural Economics, National Taiwan

More information

Catastrophic Risks and Insurance

Catastrophic Risks and Insurance Catastrophic Risks and Insurance Problems and Perspectives Prof. Alberto Monti Bocconi University, Milan (Italy) Email: alberto.monti@unibocconi.it VI Conference on Insurance Regulation and Supervision

More information

Care Providers Protecting your organisation, supporting its success. Risk Management Insurance Employee Benefits Investment Management

Care Providers Protecting your organisation, supporting its success. Risk Management Insurance Employee Benefits Investment Management Care Providers Protecting your organisation, supporting its success Risk Management Insurance Employee Benefits Investment Management Care providers are there to help those in need. But who helps the care

More information

Mediation of Emergency or Disaster-Related Insurance Claims

Mediation of Emergency or Disaster-Related Insurance Claims Mediation of Emergency or Disaster-Related Insurance Claims This Act: provides for a voluntary mediation program for residential property insurance claims caused by disasters; requires sellers of property

More information

Effects of the free trade agreements on the development of the agriculture sector in the Balkan region

Effects of the free trade agreements on the development of the agriculture sector in the Balkan region (Volume 4, Issue 2/ 2012 ), pp. 108 Effects of the free trade agreements on the development of the agriculture sector in the Balkan region Ndoc Faslia¹, Fran Brahimi² ¹Ministry of Agriculture, Albania

More information

INSURANCE IN MISSISSIPPI 10 YEARS AFTER KATRINA. Mike Chaney, Commissioner

INSURANCE IN MISSISSIPPI 10 YEARS AFTER KATRINA. Mike Chaney, Commissioner INSURANCE IN MISSISSIPPI 10 YEARS AFTER KATRINA Mike Chaney, Commissioner A publication of the Mississippi Insurance Department August 2015 Message from Commissioner of Insurance Mike Chaney One of the

More information