TECHNICAL ROUND-TABLE ON LIVESTOCK RISK MANAGEMENT CHENNAI 26th February, 2010
Technical Round-Table on Livestock Risk ManagementExecutive SummaryThe Technical Round-Table organised by the Centre for Insurance and Risk Management(CIRM) was a pioneering effort to bring together various stakeholders in the livestock industryand encourage face to face interactions and discussions on the challenges and innovations in thesector. It was an attempt to provide an impartial platform for potential collaboration amongvarious livestock sector players to work together for the overall improvement in livestockproductivity.This conference hosted key players from the livestock supply chain. Public insurers like theUnited India Insurance, private players like ICICI Lombard General Insurance Co. Ltd, HDFC-ERGO General Insurance Co. Ltd, IFFCO Tokio General Insurance Co. Ltd (ITGI) and TATA-AIG General Insurance Co. Ltd; micro-finance institutions like SKS and India‟s largest creditprovider in agriculture National Bank for Agriculture and Rural Development (NABARD);semi-government dairy service providers like National Dairy Development Board (NDDB);private players like Dairy Network Enterprise (DNE); research institutions directly related todairying activities like Amul Research and Development Association (ARDA) and internationalinstitutions like International Livestock Research Institute (ILRI) which concentrates oninternational experiments; government bodies like the District Rural Development Agency(DRDA), Government of Andhra Pradesh (AP) and multilateral agencies like the InternationalLabour Organisation (ILO) and World Bank were participants of this discussion.This event helped to bring together major players of the livestock sector with maximum outreachto discuss challenges and immediate needs of livestock risk management. Clearly visible werethe commitment and passion of the market and government, for a collective effort to provide asustainable tool to protect the poor against losses related to livestock. The participants discussedvarious innovations that have been developed to counter the challenges. There were deliberationson several issues that the players faced to bring about a complete package of solutions for cattleowners. Many promising solutions were put forward, including community based insuranceschemes and risk reduction package bundling, such as those practised by DRDA, atVizianagaram in Andhra Pradesh and in Rajasthan by Pradan respectively.Various efforts such as caulking the present gaps in the supply chain by DNE andcomplementary risk transfer solutions by HDFC-ERGO were also discussed in detail.Technological innovations like the use of internal Radio Frequency Identification (RFID) byITGI attracted a lot of attention. Compared to expensive solutions, other alternative options withbetter processes such as using the traditional ear tag were well presented by NDDB and ARDA.A collective decision for more focussed and concentrated effort for livestock risk managementwas taken by the participants. To quote Pranav Prashad, Grant Officer, ILO, "Livestock Round-Table organised by CIRM was indeed one step forward to direct Livestock Management in acollective fashion. Hope to see more such efforts geared towards information sharing andcollective thinking which can motivate public and private sector to work together for overallbenefit of the industry". The Centre plans to host this event annually to trace the progress oflivestock risk management more closely in the coming years.
Technical Round-Table on Livestock Risk ManagementIntroductionCIRM organised a Technical Round-Table on 26th February, 2010 in Chennai to discuss thechallenges in livestock risk management - priority wise and to gauge how it can be solved in atime-bound manner.Different stakeholders in livestock related supply chains face different but inter-linkedchallenges e.g. if vaccination or de-worming is not done in a proper and timely fashion it willlead to higher mortality that will affect dairy as well as insurance companies. A lack of systemicapproach presents many issues that are either missed or neglected due to lack of knowledge. Acomprehensive approach to these challenges will help to solve them quickly and generate agreater impact than thinly spread efforts. The Government-Industry-Academia collectively canhelp to solve these challenges efficiently and effectively.The ObjectiveThe purpose of this event was to overview various issues, challenges and market observations inthe livestock industry and to discuss different models, processes and products to understand theirfailures and successes. The aim was to start a comprehensive dialogue between dairy serviceproviders, credit agencies, insurers, government and academia on livestock risk management.Livestock is an important source of household income for developing countries including India.Approximately 100 million households are dependent upon livestock either as a primary orsecondary source of income in India. Animals face higher mortality in a tropical climate and dueto poor hygienic conditions. It renders animal husbandry business a risky proposition for low-income households.Lack of infrastructural facilities such as the shortage of fodder, water and milk collection pointssuch as cold chains, value processing units, quality inputs in the form of good semen, goodnourishment, animal health care and professionals like veterinarians remain big challenges.These business risks in livestock rearing make it all the more important and necessary to ensurethat insurance is regarded and utilised as an efficient measure to provide safety to low incomehouseholds. After a 35 year long history of livestock insurance and with government effort, lessthan 7% of insurable animals are covered against death risk.There is a huge risk prone market in India which immediately needs livestock risk managementincluding insurance and other risk management solutions. The various market players – the creditagencies that provide credit for the purchase of cattle, animal health care providers likepharmaceutical companies, animal breeding centres, insurers, and community basedorganisations are constrained by a lack of knowledge about the needs of the other supply chainstakeholders.
Technical Round-Table on Livestock Risk Management In this context CIRM organised a one day event for discussion on: Supply chain challenges in Livestock Risk Management: Operational and Strategic issues Requirements for bundled products: Bundling insurance with financial and non- financial product), Distribution channels and Comprehensive products: Products beyond death cover The panellists discussed the stated themes keeping a systems view. The aim was to identify and prioritise challenges in the massification of livestock risk management practices and micro- insurance so as to evolve further strategy which can be helpful to de-risk the livestock sector in India. Discussions were around challenges in valuation and identification of animals, risk reduction and incentive system, the absence of bundled comprehensive products and unwillingness and inability to pay for risk transfer. Schedule of the EventSession Time Title Speakers/Facilitators 9:00 - 9:15 am Registration Rupalee Ruchismita, 9:15 - 9:30 am Introductory speech Executive Director, CIRM A brief introduction by each participant, his Panellists were facilitatedIntro- organisation, challenges perceived by his by Pranav Prashad Grantduction 9:30 - 11:30 am organisation on Livestock Risk Management Officer, ILO 11:30 - 11:45 am Break Pranav Prashad, Grant 11:45 - 12:00 pm Presentation of discussion topics by Facilitator Officer, ILO Supply Chain: Stakeholders in Livestock Andrew Mude, Economist, Industry and Challenges (Discussion on all ILRI,Session 1 12:00 - 1:15 pm possible distribution channels) Nairobi, Kenya 1:15 - 2:15 pm Lunch Bundling of Insurance with financial and non- Alok Shukla, Head-Session 2 2:15 - 3:30 pm financial products Livelihood, CIRM 3:30 - 3:45 pm Tea Break Rupalee Ruchismita, Executive Director, CIRM and Anupama Sharma,Session 3 3:45 - 5:00 pm Open Discussion Consultant, CIRM Rupalee Ruchismita, 5:00 - 5:30 pm Summary CIRM
Technical Round-Table on Livestock Risk ManagementThe Round Table had about 20 panellists from Insurance Companies, Dairy Service Providers,Credit Institutions, Government and the Academia.ProceedingsThe programme commenced with welcome for the delegates and other participants by RupaleeRuchismita, Executive Director CIRM. She briefed the participants on the day‟s schedule, theaim and objective of the Conference, and a brief background on Livestock Risk Management.Three detailed sessions followed. They were on challenges in the supply chain, bundling ofservices and other issues related to the livestock risk management services were discussed.Session 1: Supply Chain ChallengesThis session involved 3 stakeholders: the insurers, credit facilitators and dairy service providers.Each formed a group to discuss the problems and challenges they faced in reaching out to theend client.Groups Group 1 Group 2 Group 3Mr. VE Kaimal (DGM, UnitedIndia Insurance) and Dr. Dr. A V Patel Dr. S K PandeyPurushothaman (UII) (Head, ARDA) (Senior Manager, NDDB)Mr. Parameshwaran Mr. Avishek Gupta (Team Mr. Pranav Prashad(Regional Manager, HDFC ERGO) Member, DNE) (Grant Officer, ILO)Ms. Neha Aggarwal Mr. Vasudeva Rao Mr. Vijay Kalavakonda(Product Head, (Programme Director, (Senior Insurance Specialist,ICICI Lombard) DRDA, Vizianagaram, A.P.) World Bank)Mr. K. Gopinath Dr. S B Khadilkar(Head- Rural and Coperatives, (Joint Programme Director, Mr. Vinod KumarIFFCO-Tokio General Insurance) BAIF) and Dr. Raviraj Jadhav (Asst. Vice President, SKS)Mr. Shubham Mittal Mr. Sanjay Sharma Dr. C R Kanavikar(Business Development Manager, (Head Dholpur Branch, (Asst. General Manager,TATA-AIG) Pradan) NABARD)Session SummaryThe insurers highlighted the identification of animals as being the biggest challenge they faced,and when coupled with poor infrastructure made it difficult for them to scale insurance services.CIRM in its earlier report “Livestock Insurance: Experiences from India” has highlighted thatidentification of animals is operationally difficult and a costly affair for insurers. Indian marketshave typically used the external ear tag for identification. This is a reasonably cheap but fragile
Technical Round-Table on Livestock Risk Managementway to identify the animal. Though many methods have been tried and tested by the market forcattle identification, none of them provide an effective solution. Technologically advancedproducts like RFID are more authentic but their commercial viability remains a major concernfor insurers.The problem of limited infrastructure such as the lack of veterinarians and animal health careservices provided by government and delay in issuance of health certificates during enrolmentsand the subsequent delay in risk coverage was also highlighted during the session. Insurersexpressed that post mortem reports and fraudulent claims were the claim servicing challenges.The percentage of frauds though small, were instrumental in causing an overall time delay forclaim settlements. The question of valuation of cattle and related moral hazards were also raised.The need and importance of standard valuation chart for animals was highlighted.The Credit Facilitators stated that the major stakes related to the reputations of theirorganisations. They had to face the risk of lack of proper identification of the animal againstwhich they provided a loan. There were instances when the community prevented the creditfacilitator from making a thorough check. The lack of a standard valuation chart for cattle MFIshave to depend on the value quoted by the cattle owner.Apart from challenges, the credit facilitators also discussed the other models which could beused to offer formal credit. The suggestion was to use community organisations for processimprovement and to use the postal service system as a channel for credit distribution.Community organisations that could employ self regulations to maintain an efficient system werethought to be one of the best methods for fraud reduction, and a consensus emerged that riskreduction services are necessary. Some of the MFIs offer health care facilities but these are notproperly utilised by customers. Therefore, customer education is crucial for market expansion.The participants also identified the idea of the creation of a mortality fund. This fund could beused for claims payment in case of mortality. However the legality constraints of such a fundneed to be considered.The Dairy Service Providers focussed on productivity related challenges. Production problemswere compounded by a lack of veterinary infrastructure in the villages. Poor health care system,economic non-viability of feed and fodder and the lack of good Artificial Insemination (AI)facilities are some of the major problems for the livestock sector. It was observed that poorhygiene and crude shelters in rough terrain hinder the health and well being of the animals. Dailyincome fluctuations due to bad marketing channels to transfer milk cause a loss in monetaryvalue. The milk suppliers have to bear all the losses without being compensated.The Dairy Service Providers agreed that MFIs and banks do come forward with creditavailability for farmers; but the farmer is not always in a position to avail this facility. At times
Technical Round-Table on Livestock Risk Managementthe credit availability is linked to insurance and occasionally to other services. To improve theveterinary infrastructure, the use of para-vet system for animal health care was discussed. Dairyservice providers highlighted that para-vets should be seen as social entrepreneurs. There werereservations with regard to this concept and regulations of the Veterinary Council of India (VCI).The session concentrated around fool proof innovations such as the unique identification ofanimals and a standard valuation chart to enable market players to operate without hindrance,complaint or fear of fraud. Community based institutions such as federations and cooperativeslinked to provide the infrastructural and administrative support were considered to be beneficialto all as it would actively involve the community. Risk reduction measures and governmentsupport for infrastructure were the important pillars for any successful programme related tolivestock management.Session 2: Bundling of ServicesA question was raised. It was asked if insurance should be provided as a standalone productor if it should be bundled with financial or non-financial services?The participants were divided into three groups. However, unlike the earlier discussion, theywere randomly picked to form three groups.GroupGroup 1 Group 2 Group 3Dr. S. K. Pandey Mr. Vinod Kumar Mr. Avishek GuptaMr. Vijay Mr. Shubham Mittal Mr. Pranav Prasad Mr. V. E. Kaimal and Dr.Ms. Neha Aggarwal Purushothaman Mr. ParmeshwaranDr. Amrish Patel Dr. C. R. Kanavikar Mr. Sanjay Sharma Dr. Shrikant Khadilkar and Dr. RavirajMr. K. Gopinath Mr. Vasudevan JadhavSession SummaryMost of the participants agreed that insurance is not the only solution for the risk managementproblem and that it needs to be provided along with other services. The discussion centred onwhether it should be bundled with financial products such as credit and savings or non financialproducts such as risk reduction and extension services.Issues such as bundling of personal accident cover with livestock insurance, credit linkedinsurance products; provisions of a mandatory risk reduction package with insurance to the cattleowner and enforcement of compulsory products education by the government were also
Technical Round-Table on Livestock Risk Managementdiscussed in detail. Dairy service providers requested that insurance be made attractive to thefarmers and also urged that the premium amount be lowered. Insurers called for proper cattleidentification to reduce frauds and asked intermediaries like the dairy cooperatives and MFIs toinstall proper mechanisms to reduce fraud. Credit agencies also voiced concern about the lack ofawareness with regard to insurance and risk reduction measures among the rural populace whichplaced their credit portfolio for cattle lending at risk. The benefits of bundling were consideredby all the market players and there was enthusiasm to adopt better bundled products in the future.Financial and Insurance literacy for the intermediaries and the end client were thought to be thekey enhancer for a better uptake of all kind of products. CIRM also highlighted that making theprocess easy at the front end while delivering bundled products will play an important role inattracting the lower quintile to come forward to accept the formal risk management and gettinginto the loop. CIRM also put forward its point to move towards better comprehensive covers(products that cover more than death) which will be better value for money for cattle owners.The Centre also stressed using risk reduction as a compulsory bundling for cattle insurance.Session 3: Open DiscussionThe final session was the Open Discussion. The panellists identified important themes in thesector that needed special attention. Two critical issues that most panellists felt needed to bediscussed at greater length were the Identification problem focussing on present models and cost sharing Process innovations o Focussing on community involvement - to reduce moral hazard and adverse selection o Easy claims process and the use of para-vets as proxy to vets and the related legality issuesSession SummaryCattle Identification: Insurers began the discussion about the identification problem. Theemphasis of the discussion was on the proper identification of animals and its importance inremoving fraud and to speed up the claims process. The insurers were of the opinion that thereshould be National Level Agency which would provide unique identification to all the animalsirrespective of whether they are insured or not. The participants also said that it will helpformulate better AI and risk reduction related strategies.Various other methods for the identification of animals, their benefits and challenges werediscussed during the session.
Technical Round-Table on Livestock Risk Management The use of technology like RFID (Radio Frequency Identification Device), its cost implications and the response of the community to new technology were some of the concerns raised by the dairy service providers and insurers. Though RFID was thought to provide the unique identification, it was still considered an expensive and time consuming method and not everyone was convinced about its use. A consensus emerged that the experiments of using more technology was more relevant in areas where the loss ratio is high and that it would not work for the entire country. The use of improved quality traditional ear tags with better processes was discussed. Though some of the players were of the opinion that it was good to use new technologies, some of them highlighted that identification and related fraud are process problems and that it began when the person who had the duty to ear tag the animal does not tag the animal himself. Instead, he hands over it to the farmers to implement it. If we use an effective and more vigilant process the issue of fraud could be solved completely. Cattle identification and physiological parameters such as temperature recording is done simultaneously as done by using Zigbee were raised. They discussed that technology and the process for identification need to complement each other, along with capturing data for risk reduction to ensure complete risk management. Here too, cost and time were constraints according to the panellists.Data warehousing: As historical data on cattle insurance and other animal health careparameters is not available in a usable form, it is important to store data in a specific format. Thisdata should be accessible to everyone.Cost sharing: As cattle insurance is considered to be a transaction heavy business and henceloss making, the panel suggested that animals be registered in a particular month i.e. have aclosed enrolment. There can be specific days for insurance registration when camps can beorganised for the purpose. It would reduce transaction costs and since the registration would bedone before the village, cases of fraud would also reduce as everyone will be informed andaware about those who are insured.Testing different models: The Velugu model used by DRDA at Vizianagaram was discussed atgreat length and the process efficiency and financial layering of the model were found to beattractive features by all the panellists. Process support and ownership from the point ofidentification and valuation of animal up to the enrolment process is important. However,insurers claimed that it is not possible for their staff to do all the detailed work and said thatinstitutions like Dairy Network Enterprise could fill these gaps, and therefore should comeforward to support by providing vaccines, technology and customised software. Providing riskreduction packages to the cattle owners will not only help in reducing the mortality of animalsbut will also enhance the productivity of animals with good health care.
Technical Round-Table on Livestock Risk ManagementConclusionThe day ended on the note to solve fraud related issues and the need to bring in processmodification, which could be bundled with improved ID technologies. The participants agreedthat: Unique identification is compulsory and a National Level Agency should be created to solve this problem for insurers, dairy service providers and credit providers for cattle. There is a need for Community based models to reduce fraud and to reduce the transaction costs. Better processes innovations are required to bring about efficiency and sustainability in the system. Insurance and Financial literacy is a non-negotiable factor and there are two possible ways suggested by all market players. o Government mandates the insurers, MFIs and service providers to educate the end clients on the concept as well as financial products. o All market players to come together in a system and divide the work among them. Bundling of insurance with credit is there to stay but better insurance products with risk reduction services need to reach the market and provide for a complete risk management tool to cattle owners.Way Forward:CIRM plans to hold this event regularly. The Centre also plans to keep a watch on newinnovations in the field and collective efforts of various players in the sector on regular basis andto disseminate these innovations through publications.Rupalee Ruchismita, Executive Director, CIRM concludes, “The enthusiastic dialogue and thefollow-up commitments made at the LRT, has encouraged CIRM to set up a LivestockManagement Network (LMN). We hope the LMN will leverage its member capacities toundertake innovative pilot projects to trigger improved risk management practises in theindustry.”
Technical Round-Table on Livestock Risk ManagementPROFILE OF THE PANELLISTSDr. C.R. KanavikarGeneral Manager, NABARDDr. Kanavikar has worked for 27 years in NABARD and presently handles the animal husbandrydepartment.Mr. V. E. KaimalDeputy General Manager, United India Insurance Co. Ltd.Mr. Kaimal has been working in area of micro-insurance and has achieved expertise in the areaof livestock insurance.Dr. Amrish PatelCEO, AMUL Research and Development Association (ARDA)Dr. Amrish Patel for the last three years has been the Chief Executive Officer at Amul Researchand Development Association (ARDA), a sister concern of Amul dairy, which is engaged in theimprovement of animal husbandry practices. He has earned his veterinary degree from AnandVeterinary College, Gujarat and his Masters from the same college in the field of AnimalBreeding and Genetics. He has worked as a breeder with ARDA for three years during his initialcareer and later on worked in various capacities with different organisations including UNAIDprogramme for the Government of Ethiopia.Mr. K. GopinathAsst Vice President, ITGIMr. Gopinath currently serves as Head, Rural and Co-operatives at IFFCO- TOKIO GeneralInsurance Company. His responsibilities include developing rural markets for IFFCO TOKIO interms of identifying the demand for insurance products, designing new products and deliveryprocesses and to monitor its marketing and profitability for long term growth. He has won anILO innovation grant for a project on cattle insurance titled “Loss mitigation in cattle insurancethrough RFID technology.” He has more than 20 years of experience in the Insurance industrywith extensive experience in claims, underwriting and marketing.Dr. Srikant KhadilkarJoint Programme Director, BAIF Research FoundationDr. Khadilkar is Joint Programme Director at BAIF. He has been with BAIF for the past 21years. He started with Integrated Rural Development Programme which concentrated onagriculture, livestock, human health and watershed management. He has handled more than 15projects and one of the projects was related to community based health insurance which is stillsuccessful in BAIF operated areas.
Technical Round-Table on Livestock Risk ManagementMr. H. ParmeswaranRegional Manager, HDFC Ergo General Insurance Co. LtdMr Parmeswaran is an MBA from the Madurai Kamaraj University and has sales experience ofmore than 20 years in FMCG, white goods, telecom and insurance industries. He has beenworking for the last five years in the field of insurance that focusses on the rural sector. He has agreat interest to work with NGOs and worked on a couple of projects as a student. His long termdream is to start an NGO which supports higher education for economically backward people.He has a special interest in human rights.Mr. G. Vasudeva RaoProject Director, DRDA, Government of Andhra Pradesh.He is Project Director, DRDA, Vizianagaram the implementing agency for the World Banksupported District Poverty Initiatives/Rural Poverty Reduction Programme. At DRDA he hassignificantly contributed in increasing bank linkage and strengthening community basedinsurance models in Vizianagaram. Before joining DRDA he worked as Administrative Officer,Assistant Director and Deputy Director in the Medical & Health Department, from 1995 to 2002.He has received three gold medals and one silver medal by His Excellency the Governor ofAndhra Pradesh and was also awarded Bharat Vikas Ratna by All India Business DevelopmentAssociation, New Delhi.Mr. Shubham MittalManager, TATA AIG General Insurance Co. Ltd.Shubham Mittal represents Tata AIG General Insurance Company Ltd. He has 3 years ofexperience in general insurance and handles the Business Development and Operations andSystems activities for the Rural and Social Vertical of Tata AIG. He is B.Tech in ComputerScience and has done MBA in Finance from XLRI Jamshedpur. He has undertaken variousprojects in General Insurance such as Direct Marketing, Agency Recruitment and DocumentManagement. He has travelled extensively in Rural India and supports the Pan-India Rural Teamof Tata AIG in Livestock & Health Insurance. He has helped establish the Pan-India servicenetwork for livestock insurance among other initiatives. He loves adventure sports likeparagliding, surfing, trekking and rock climbing. His heart is in social service.Mr. Sanjay SharmaHead, Dholpur Branch, PRADANMr. Sanjay Sharma is a Ford Foundation International Fellowship Awardee (2006-08). He hascompleted his B.Tech from the Punjab Agricultural University, Ludhiana. He has providedProfessional Assistance for Development Action (PRADAN), Dholpur, Rajasthan, India in his
Technical Round-Table on Livestock Risk Managementcapacity of team leader since 2002 in the livestock sector. He worked as Consultant for BrandeisUniversity, The Heller School for Social Policy and Management, Waltham, MA. He is theRecipient of the Heller Sustainable International Development Scholarship 2006-2008 andreceived FINCA Summer Research Fellowship to conduct research in Cambodia in 2007. He hasformulated, designed, implemented and supervised livelihood-based projects under the DistrictPoverty Initiative Projects (D.P.I.P.) funded by the World Bank in collaboration with the Govt.of Rajasthan, India.Ms. Neha AggarwalProduct Head, ICICI Lombard General Insurance Co. Ltd.Ms. Agarwal is an MBA who has specialised in Rural Management from Institute of RuralManagement, Anand (IRMA) in 2005. From 2005 till 2009, she handled Pan India WeatherInsurance business in ICICI Lombard GIC Ltd. From 2009 she has been handling all the ruralproducts excluding health and accident for ICICI Lombard.Dr. S. K. PandeySenior Manager, National Dairy Development BoardDr. S. K Pandey is a MVSc (Medicine) from CSA University of Agri & Tech Kanpur and hasmore than 27 years of experience in NDDB. He has worked in various groups of the NDDBsuch as the Farmers Organisation, Regional Co-ordination, Management Services, ProductivityEnhancement and Animal Health. He has worked across the country and has wide exposure tothe functioning of co-operatives, Management of Technical Inputs, and was also involved inpolicy making in Animal Health.Mr. Avishek GuptaTeam Member, Dairy Network EnterpriseAvishek currently works with a dairy supply chain company, Dairy Network Enterprise (DNE)being incubated by IFMR Ventures. For the last two years he has been working with multipleplayers in the dairy sector to understand the gaps in the dairy supply chain and to developcustomised financial products and technology to meet the needs of enterprises to enable them togrow faster. He has been involved with the development and operationalisation of the electronicbackend which plugs a key gap in the dairy supply chain and makes risk management at thedairy farmer level affordable by allowing entities like NGOs/dairies/MFIs to access high qualitysupport at a nominal price. Avishek is a rural management graduate and a post graduate dairytechnologist by education.
Technical Round-Table on Livestock Risk ManagementMr. K. Vinod KumarAssistant Vice President, SKS IndiaMr. Vinod Kumar is currently working with SKS as Assistant Vice President-Member Services.At SKS he manages operations in A.P., Karnataka, Kerala, Maharashtra, West Bengal andOrissa. Before joining SKS he has had varied experience with well known companies such asSiemens Telecom Ltd, Bharti Airtel Ltd., Max New York Life Co, ING Life Insurance Ltd.Dr. Andrew MudeEconomist, International Livestock Research Institute, Nairobi, KenyaDr. Andrew Mude graduated summa cum laude with a major in Economics and a minor inMathematics and French from the Gettysburg College, Pennslyvania in 1999. Dr. Mude joinedCornell University, New York in 2000 for his doctoral degree in Economics concentrating in thearea of Developmental Economics and Applied Econometrics. He obtained his PhD in June,2006. As part of his dissertation, Dr. Mude spent six-months studying coffee producers and theircooperatives in Murang‟a district Kenya. For this effort he won the silver medal at the 2007Global Development Network. Upon completion of his doctoral degree in Economics, Dr. Mudejoined ILRI in August 2006 as Economist at ILRI‟s Targeting and Innovations Program.Mr. Vijay KalavakondaSenior Insurance Specialist, Insurance for the Poor Program, World BankVijay Kalavakonda works for the Insurance for the Poor Program, which is part of the Financialand Private Sector Development Department of the World Bank. Since joining the World Bankin 1999 he has worked in a number of areas including a) Natural Disaster Risk ManagementPrograms in Turkey, Mexico, the Caribbean‟s and India; b) Agriculture insurance includingweather-index insurance in Central America, Mexico, Morocco, Tunisia and Turkey; and c)Health Insurance in India, and East Africa. He is presently currently engaged with developing“Access to Insurance for the Working Poor” programme, popularly known as microinsurance.He was involved with developing one of the biggest microinsurance schemes in the World,which insures more than 2 million poor women and their dependents. He has several PostGraduate Degrees. They are in diverse fields such as a) Biotechnology; b) BusinessAdministration; and c) European Social Security respectively. He is also a certified HealthInsurance Associate and Managed Health Care Professional.Mr. Pranav PrashadGrant Officer, MIF-ILOPranav Prashad, is a business manager with more than 21 years experience in various sectors. Hehas worked in organisations like Heinz and Tata Tele Services. His experience ranges fromconsumer products, telecom to insurance. He graduated with honours in Economics and holds aMasters in Business Administration from the Faculty of Management Studies, Delhi University,
Technical Round-Table on Livestock Risk ManagementIndia. In his earlier assignment with ICICI Lombard General Insurance Company, he wasresponsible for the expansion of the companys rural footprint and relevant products. Hedeveloped the organisations micro insurance plans and implemented large programmes in indexbased weather insurance and rural healthMs. Rupalee RuchismitaExecutive Director, Centre for Insurance and Risk ManagementRupalee is the founding head of the Centre for Insurance and Risk Management (CIRM) atIFMR; a technical group, which provides micro insurance expertise to the sector. An alumnus ofthe Tata Institute of Social Sciences, she has worked with the Social Initiatives Group (SIG), agrant and research making group within the ICICI Bank. Her work has been in the field ofFinancial Inclusion. She has also been involved in developing „Catalytic Infrastructure‟ and isengaged in „Policy Advocacy‟ in the microfinance sector to ensure sustainable development ofthe microfinance sector. She has worked in developing micro-health insurance products forcommunity institutions.Mr. Alok ShuklaHead - Livelihood Vertical, CIRMAlok Shukla brings with him strong analytical skills and business perspectives of the weatherinsurance industry in India. He graduated from the Indian Institute of Technology (IIT), Kanpur.On graduation, he joined Weather Risk Management Services (WRMS), a leading Indianweather insurance broker company supported by the Incubation Centre of IIT Kanpur. AtWRMS, he handled trading and underwriting functions in the capacity of Vice President. In histhree years at WRMS, he touched almost all types of weather products offered in India. His keyareas of interest are OTC products and product packaging.Dr. Anupama SharmaConsultant - Livelihood Vertical, CIRMDr. Anupama is a graduate in B.V.Sc & A.H. from Choudhary Charan Singh HaryanaAgriculture University in Hissar, Haryana. She is the holder of a merit scholarship of theUniversity for Academic Excellence throughout her graduation. On completion, she did her PostGraduation Diploma in Rural Management (PRM) from Institute of Rural Management, Anand.Presently, she is involved in looking at challenges involved in livestock insurance product aswell as processes which hinder the reach of livestock insurance to low-income households.