2023-08-07 01:35:28
By: Cristóbal A. Chen- Economic Overview
Given the difficult situation facing the agricultural sector with climate change, the El Niño phenomenon and pests, it is essential to ensure the investment that producers make in various areas to guarantee the country’s food security.
And it is that nature is taking its toll on the production of the primary sector because of the hand of man who in past decades did not have the vision to measure the consequences that contamination and destruction of forests would bring.
For this reason, Panorama Económico spoke with the general manager of the Institute of Agricultural Insurance (ISA), Luis Carlos Díaz Vargas, to learn about the performance of insurance for crops and livestock production in recent years.
Díaz Vargas revealed that, in the last four years, the figures for insured investments in the agricultural sector have been exceeded by 6.7 million dollars compared to the entire period of 5 years of the previous administration, being the highest in the history of the public institution.
Similarly, income from premiums reflects an increase of 1.7 million dollars in the period described.
Recovery of delinquent portfolio
The general manager of ISA also said that the issue of customer service has been prioritized in order to heal the debt that came from previous administrations, for which it was possible to recover 11 million dollars that were owed for agricultural insurance. .
In the same way, the procedures for the disbursement to affected producers have been expedited satisfactorily to a month and a half, two months and a maximum of three months.
Díaz Vargas added that the institution remains vigilant about climate change events together with MIDA and the Institute of Meteorology of Panama, in order to advise the national productive sector on investment risks.
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