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Filling stomachs worldwide with agriculture risk transfer solutions

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Publication date
26/07/2011
Number of Pages
5
Language:
English
Type of Publication:
Working Papers & Briefs
Focus Region:
Global
Focus Topic:
Climate / Weather / Environment
Type of Risk:
Policy & institutional
Type of Risk Managment Option:
Risk transfer
Commodity:
Crops
Author
Economist Intelligence Unit - Singapore Management University
Organization
Singapore Management University

The combination of severe production shortfall, extreme weather conditions and export controls heightens threats of a global food crisis. By any measure, this is not an easy problem to tackle, especially since there are too many unknowns at play.

Roman Hohl, head of agriculture for reinsurer Swiss Re’s Asia Pacific business, believes that agriculture risk transfer products can play a useful role in managing volatility in agricultural production. He was speaking at a recent seminar organised by Singapore Management University’s International Trading Institute ([email protected]) Hohl, who holds a doctorate in atmospheric science from Switzerland’s University of Fribourg, has extensive experience in the reinsurance industry. He helped create new risk transfer products for the agricultural sector at Swiss Re, involving insurers, governments and corporations such as food processors, banks and logistics companies.

Zurich-based Swiss Re, with a century and a half of history behind it, has grown to become a leading reinsurance company with an innovation track record in fields of parametric risk transfer products, insurance-linked securities, such as catastrophe bonds, and agriculture risk transfer.
Today, the company operates in some 20 countries, including this part of the world. “We are the only reinsurance company with agriculture people on the ground in Asia,” said Hohl, whose team comprises five experts across Singapore, Beijing and Mumbai.
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