Developing of the Agricultural Insurance System in Palestine ‘Pre Development Phase’

The global objective of this project is to provide expertise and guidance to the Palestinian Disaster Risk Reduction and Insurance Fund (PADRRIF) in preparing a road map to develop an agricultural insurance system in Palestine to cover production and market risks. The specific objective is to assess the available legislative framework for developing the agricultural insurance scheme with a view to establish an enabling environment and regulatory framework for the private sector engagement in the agricultural sector.

PADRRIF is a non-profit semi-governmental organization whose mission is “managing agricultural risks; through preparedness, risk mitigation, and recovery programs, by providing early warning systems, insurance services and aid to affected farmers and agricultural enterprises; in order to promote their resilience in facing natural and political risks, as well as, to develop the agri-business investment environment, attract production and development projects, and accelerate agricultural development and economic growth”. In executing and achieving this mission efficiently, PADRRIF was established with the intent to carry through the dual responsibility of natural risk documentation, verification and analysis, on the one hand and the creation of compensation schemes to alleviate the impact of damages on productivity within a quick response framework.

Required outputs:

• Promoting a multi-stakeholder approach in pioneering an agricultural insurance programme.
• An assessment report on (i) the current legislative framework for the establishment of an agricultural insurance scheme including thorough analysis, identification of weaknesses and gaps and recommendations for possible needed legal amendments and (ii) the capacity building and development needs of PADRRIF's personnel.
• Draft agricultural insurance administrative framework including (i) roles and responsibilities for all involved stakeholders and (ii) coordination mechanisms.
• A road map including a timeframe for developing the agricultural insurance scheme covering the production and markets risks with due attention for the long term financial sustainability.