According to Agriculture Projects Management Agency (APMA), on 12th of June, there were 11, 683 insurance policies issued. There were 1507 insurance cases during natural disasters which occurred in May and June.
Agricultural Insurance Program was launched on the 1st of September, 2014 and it aims to develop insurance market in the agricultural sector and support the agriculture.
Interested beneficiaries can purchase an insurance policy in 5 insurance companies in Georgia.
In the frame of Agricultural Insurance Program 2017, beneficiary can purchase insurance for 5 hectares of the land. All beneficiaries will get 70% of reimbursement for different kinds of lands, but it will be only 50% for vineyard.