towards insurance reform

By César Compadre – [email protected]

A reform is expected to improve the attractiveness of insurance. At the same time, winegrowers are campaigning to build up wine reserves more easily

“A little over 50% of Bordeaux winegrowers are insured against the risk of frost. But the current system has lost its attractiveness, a reform is expected for 2023, ”recalls Philippe Abadie, from the Chamber of Agriculture of the department. The majority of the professionals concerned are covered by broader insurance – called crop insurance – which also covers hail and other damage. “For the calculation of the allowances, it is based on an average of the returns of the last five years. But as the trend is to harvest less and less (disease problems, etc.), many have no interest in subscribing to it,” adds the expert. And this despite European subsidies to reduce the cost. With the planned reform, these modalities will be modified. This should also reassure insurance companies, some of which are now reluctant to cover the risk of frost as this scourge strikes so often. In the meantime, as it did after the 2021 freeze, the government has just said it is ready to provide exceptional aid if necessary.

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