The insurance company "Aldagi BCI" expects an increase in demand for agro- insurance in the backdrop of intensified agro-lending.

Note: Within One Billion Agriculture Fund, farmers use low- percent agricultural loans.

As "Aldagi BCI" explains, intensified agricultural lending will develop agriculture, including agro - insurance. However, the company has no plans to introduce a new product to the market, because they say that the current product offered by "Aldagi" is flexible and fits the market well. More than 1 000 farmers of Kakheti region have been insured by the company.

The insurance company "GPI - Holding" expects a demand for product to increase if the state stimulates agro-insurance. According to management, there is a very small agricultural market in Georgia today and only a few hundred of citizens use agro-insurance. They say the company introduced livestock insurance to the market - product value makes 30 GEL per head per year. Management informs that within the offer, livestock diseases and accidents are insured.

Source: www.commernsant.ge