After a strong drought which forced him to pay compensation for 95 million dollars, the State Insurance Bank (BSE) will once again ensure at least the same surface area as during the last harvest and does not even rule out expanding the area.
The president of the BSE, José Amorín Batlle, He said he had paid “with great pride” the record amount due to the emergency that occurred in Uruguay due to the climate phenomenon and anticipated that during the 2023/2024 harvest it will provide the service on at least the same area as the previous year.
During the opening ceremony of the stand of the B.S.E. in the Expo Prado 2023, He stuck out his chest after managing to face the compensation for the drought and maintained: “Insurance companies are there for that, to be there when there is an accident.”
In turn, the leader recalled rumors that indicated that he was not going to pay and appreciated that he did so “earlier than ever.” The liquidators “did a phenomenal job, they covered more than 400 claims, checking all the places to pay as soon as possible so that agriculture could recover quickly from this strong blow,” he said.
The BSE “bets on the agricultural sector
During his presentation, Amorín Battle highlighted that “the B.S.E. “We are going to continue betting strongly on the agricultural sector,” after having gone through the worst incident in history. “We are going to commit to insuring at least the area that we insured last year, all the producers who insured last year with us are guaranteed that we will be there again insuring and I dare say that we are making an effort to see if “We can grow a little more,” he ventured.
In the previous harvest, the bank secured 180 thousand hectares of the million planted with soy. “We all have to make another effort, there will be demand because more and more the sector understands that this is an investment and that it is part of the cost of planting,” he stated.
In turn, the supervising agronomist engineer in charge of the BSE Commercial Area, Andrés Grunert, clarified that performance insurance “was very useful due to the catastrophe we had, the worst drought that is remembered.” And he anticipated: “We are going to offer it again for all those who contracted for the last year and aspire to renew the insurance.”
In total, during the last harvest, the B.S.E. insured more than 850 thousand hectares and today has a presence “over 60% in the agricultural insurance market,” he explained. Grunert, quadrupling the company that follows it..
Source: Ambito
