The Government of Georgia (GoG) intends to create a national agricultural insurance program to achieve the following objectives: (i) developing the agricultural insurance market in Georgia; (ii) supporting agricultural production and increasing the competitiveness of farmers; and (iii) supporting the income of people involved in agricultural activities and minimizing their risks.

APRC conducted a Regulatory Impact Assessment (RIA) on insurance reform in Georgia and provided recommendations on policy options for developing a sustainable agricultural insurance market in the country.

Feasibility study identifies schemes appropriate for a support by the German Financial Cooperation for investments in agro-insurance in Georgia. If implemented, the supported agro-insurance scheme(s) shall contribute to reduce the vulnerability of farmers, SME, and intermediaries engaged in agricultural activities in connection with economic damages as a consequence of bad weather events.