InFocus: Parternships between Public and Private Sectors

Sustainable insurance solutions for agricultural and climate risks require a joint effort from both the public and the private sector: the partners need to cooperate and commit to facilitating a development process. Private insurance companies design appropriate insurance products, establish administrative processes and carry the risk. They invest financial and human resources and commit themselves to the agricultural and climate risk insurance markets. Government support that goes beyond creating an enabling regulatory environment can be critical to the sustainability of such systems.