African swine fever: insurance payments to the Agroeko company reached 916 million rubles

The insurance company JSC IC RSHB-Strakhovanie was responsible for paying the insurance compensation. A package of necessary documents was quickly collected, and the insurance company called its representatives to participate in the process of seizing the animals. it is important to note that all actions were carried out in compliance with all regulatory requirements.

Financial DIRECTOR of Agroeko Group of Companies Elena Kochura expressed gratitude to the insurance company for its efficiency and support in this difficult process. The insurance payment allowed the agricultural holding to reduce significant losses and continue its activities.

However, in addition to financial losses, the ASF outbreak led to the destruction of 125 thousand pigs on the company’s farms. A set of measures for cleaning and disinfecting premises and territory was implemented to prevent further spread of the virus.

The decrease in pork production volumes in the holding is estimated to be up to 7% due to the ASF outbreak. This has a negative impact on the pork market and may lead to an increase in prices for this product.

However, thanks to systematic monitoring of animal HEALTH and multi-level verification of products sold, the Agroeko company was able to eliminate the supply of contaminated products to the market. This indicates a high level of responsibility and professionalism of the company.

Currently, the agricultural holding continues to actively work to restore its production capacity and is taking all necessary measures to prevent possible ASF outbreaks in the future.

Despite the significant challenges Agroeco faced due to the ASF outbreak, its successful insurance claim is an example of how insurance can help businesses minimize financial risk and cope with unforeseen circumstances.