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.

On November 5th, 2015 APRC at ISET Policy Institute presented the final results of a study called Regulatory Impact Assessment on crop insurance in Georgia. The goal of the workshop was to present and discuss the final results of RIA which was conducted by the APRC team from June to October 2015.

On Tuesday, October 27th, ISET hosted Zurab Tchiaberashvili, former Mayor of Tbilisi, former Minister of Health and Social Affairs of Georgia, and current professor at Ilia State University. Mr. Tchiaberashvili delivered a presentation titled “Healthcare in Georgia: Challenges Ahead.”

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.