In the context of climate change, agricultural insurances are an essential tool for disaster risk transfer.

Therefore, the Peruvian Ministry of Agriculture and Irrigation, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the United Nations Food and Agriculture Organization (FAO) organised the international meeting “On the right track for risk management in the agriculture and livestock sector”. From the 17th to 18th of October, representatives of the ministries of agriculture, insurance companies and academia from across Latin America came together in Lima, Peru, to talk about best practices regarding agricultural insurances, share experiences in the management of disaster risk and promote South-South cooperation in the agricultural sector.

The event focused on two themes: public policies and institutions, and information.

The agenda comprised
a) the political, economic and social cost-benefit of agricultural insurances;
b) good practices that exist with regard to government subsidies, co-operation between the public and private sector, and insurance products;
c) the importance of sound agricultural information in the development of insurance products;
d) the promotion of innovative initiatives and state-of-the-art technologies for the generation of agricultural information.

The meeting was inaugurated by William Arteaga, Vice-Minister for Agrarian Policies from Peru’s Ministry of Agriculture and Irrigation, Maria Elena Rojas, official in charge of FAO in Peru, and Paul Garaycochea, Chief of Cooperation of the German Embassy in Peru.