Jordan – Possible launch of agricultural insurer
Thursday, 03 08 2018, Category: Insurance and Reinsurance, Country: Jordan
The director of the agricultural risks’ fund at the ministry of agriculture Mr. Mohammed Al Owaidat revealed that the government plans to launch an insurance company that will cover the losses of farmers in case frost or natural catastrophes.
Mr. Mohammed Al Owaidat told “Gerasa News” that the ministry held a meeting with local insurance companies and proposed to them the issuance of agricultural insurance product,s which should be studied and considered within two weeks.
Moreover, a meeting was held in the presence of H.E. Mr. Yarub Qudah Minister of Industry Trade and Supply in order to study the establishment of a specialized governmental agricultural insurer in case private insurers refuse to offer agricultural insurance products.
Source: Gerasa News