Corporate BackgroundIn addition to the crucial role in regard to the world population, the agricultural sector is extremely sensitive field of activity with its inherent structure, featuring exclusive in economic, social, political, technological and personal risks. To this end, the effective performance in the agricultural activities in the nutrition of the human being is closely related with the management of risks threatening the agricultural production. It is therefore, the developed countries effectively implement the risk sharing and risk transfer operations under various protective policies under the general titles of; Risk Management Programs; that also accommodates; Agricultural Insurance Practices as an important part integral to such programs. In order to provide coverage for the risks threatening the agricultural industry of our country, the implementation of an insurance mechanism has been considered and for this purpose, Agricultural Insurance Code No. 5363; was enforced as of 14/06/2005. The Code provides: With the Insurance Pool, it will be possible,
Insurance Pool ManagementAgricultural Insurance Pool Board of Directors is assigned by The Code, as an administrative apparatus responsible for determining the principles and procedures of the Agricultural Insurance Pool, the loss assessment methods, executing the contract between the insurance companies wishing to take part in agricultural insurance and AGRICULTURAL INSURANCE POOL MANAGEMENT COMPANY, observing due diligence in determining the risks the subsidy to be covered, observing the practical drawbacks and problems and proposing pertinent solutions. The Board consists of total of 7 members, two members from Ministry of Agriculture and Foresty & Ministry of Treasury and Finance each, and one member from Association of the Insurance and Reinsurance Companies of Turkey, Union of the Agricultural Chambers of Turkey and Agricultural Insurance Pool Management Company each. The Board's first members are assigned by Ministerial approval dated 16.1.2006 for three-year posts.