Aon România, one of the global leaders in insurance brokerage, is organizing the event Agri Risk Management: National Conference on Agricultural Risk Management in partnership with CSR Nest. The event will take place on May 14 at Crowne Plaza Bucharest and aims to identify the risks faced by farmers in Romania while offering innovative and efficient solutions for their management.
Among the speakers of the event are Eugen Anicescu, CEO of Aon Romania, Cerasela Tudor, senior expert of the "Agriculture" division within Aon, representatives of top agribusiness consultants and insurers, such as AgXecutive, Agra Asigurari, Munich New and Descartes, in dialogue with representatives of the most important associations and cooperatives of farmers and farmers.
In recent years, farmers have faced multiple challenges, such as rising fertilizer and fuel prices, volatility in harvest prices, lack of agricultural policies, difficulties in obtaining funds needed for investments in equipment and technology, financing, and extreme weather phenomena, which cause significant damage to agriculture. Drought, hail, floods and storms affect crops every year, causing considerable damage and endangering the stability of the entire agricultural industry. Prolonged droughts reduce their yield and quality, and hail is a widespread phenomenon affecting and damaging crops in a single intense storm. In addition, extreme temperatures, whether very high or very low, hinder plant growth and cause crop losses. Floods can also destroy crops and agricultural infrastructure.
"In the current agricultural context, risk management is becoming a real challenge for farmers. The need for innovative and efficient solutions is more pressing than ever. In dialogue with the main stakeholders, we aim to identify these risks and develop tailored solutions designed to support the resilience and stability of the Romanian agricultural sector", says Eugen Anicescu, CEO of Aon Romania.
The 'Aon Agri Risk Management' event is designed to be highly interactive and practical. In the first panel, 'Risks on the farm – identification and impact', participants will engage in an interactive exercise to identify risks SMART, creating a heatmap according to probability and impact. This hands-on approach will prepare the participants with practical tools and strategies for effective risk management in the agricultural sector.
The second panel, entitled "On-farm risks – solutions to limit the impact", will expose helpful information about the most appropriate solutions to prevent risks faced by farmers, practical strategies for mitigating price volatility in agriculture, potential solutions to limit financial impact by outsourcing risks on farms, building economic resilience in agriculture by ensuring risks, focusing on the benefits offered by classical insurance and parametric solutions.
"Risk management in agriculture is an absolute necessity, given the significant exposure to climate risks, which are unpredictable and can have severe long-term consequences. Short-term solutions include outsourcing through insurance for risks with the highest probability, adapting technologies to current climatic conditions, and the professionalization of farm management to ensure the consistent adoption of medium and long-term strategies", emphasizes Cerasela Tudor, Senior Consultant Agricultural Insurance Aon.
At the end of the event, case studies and relevant information will be presented in a discussion with representatives of Aon Romania, AgXecutive, Agra Asigurari, Munich New and Descartes.
According to Eurostat, the Official Bureau of Statistics of the European Union, 90% of the arable area used in Romania is dedicated to cultivating plants, especially cereals and oilseeds. Also, in our country, are located almost a third of all farms from the EU (31.8%) and the highest percentage of agricultural workers (20.9%). Together with Greece, Romania has the highest share of family farms (managed and operated by members of the same family), namely 99%, a percentage comparable to the European average of 94.9%.
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