"TARSIM", what does the Turkish insurance scheme provide? - The state subsidizes up to 67% of the insurance premium
Albanian farmers are completely defenseless against natural hazards, such as floods, hail, frosts or storms, due to the lack of a proper insurance scheme, causing them to waste all their hard work in these conditions.
From 2024, the Ministry of Agriculture has begun attempts to draft a new insurance scheme.
In October last year, the Ministry of Agriculture signed an agreement with the Turkish Ministry of Agriculture on cooperation in the field of agricultural insurance. The signed declaration aims to bring a new insurance model for Albanian agriculture, similar to the Turkish Agricultural Insurance Fund (TARSIM).
Meanwhile, during the past year and this year, representatives of the two states have held periodic meetings to advance this scheme, which has become necessary in the face of climate change and annual natural phenomena.
The scheme will involve several actors, including state insurance companies and farmers, and the possibility of creating a reserve fund that will be used in cases of natural disasters is also being considered.
So far, there is still no calculation of the costs that the state budget should bear for the implementation of this scheme.
But what does the Turkish agricultural insurance model foresee?
TARSİM is the agricultural insurance system in Turkey, designed to protect farmers from natural risks and disasters that could damage their agricultural production. It was established in 2005 and includes a combination of private insurance and state support.
Some types of agricultural insurance are mandatory, such as crop insurance, while others are voluntary, such as livestock or fishing insurance.
TARSİM covers a wide range of natural risks such as hail, storms, floods, earthquakes, frost, diseases and pests. This helps farmers protect their investments and reduce financial losses.
The Turkish state supports a significant portion of insurance premiums, typically from 50% to 67%, making it more affordable for farmers.
TARSİM is operated by a consortium of private insurance companies, supported by the government. These companies participate in the agricultural insurance scheme through a common platform.
In case of damage, farmers apply for compensation through insurance agencies. After the damage is assessed by experts, farmers are compensated for their losses within a short time.
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