GrECo further expands services for Food & Agricultural industry

As the leading risk and insurance consultant in Eastern Europe, the GrECo Group is further increasing its specialization on dedicated services and solutions for selected industries. Therefore, GrECo is setting up a group-wide Food & Agriculture Practice. The new Group Practice Leader Maksym Shylov will be responsible for the strategy and development of this Specialty in all GrECo Group countries, including Poland where he will be located.

Maksym has 19 years of experience in risk management, especially in the area of food & agricultural insurance. Over the last years he has also been developing tailor-made parametric insurance solutions for clients in Poland, Ukraine and the Baltic States where he worked with international insurance and reinsurance markets from various countries. He has completed more than 30 large advisory projects for the agricultural sector, banks and insurance companies in various countries.

Maksym Shylov comments “The Food & Agriculture sector represents one of the fastest growing industries in our region. Today, additional exposures arising from climate change are more and more influencing our planet and in particular natural habitats. In addition, recently appearing risks such as COVID-19 are exposing the global supply chains resulting in auxiliary uncertainties. In order to secure a sustainable and ecofriendly supply, European economies are further incentivizing their domestic agriculture and food production.”

Georg Winter, Member of the Executive Board at the GrECo Group and responsible for its Specialty expansion is convinced that “more and more clients will benefit from GrECo´s strategy in continuously developing progressive risk solutions for dedicated industries. With the newly established practice, we will be able to provide tailor-made solutions for our clients in the food & agriculture sector in order to increase their resilience and to manage risks emerging from fundamental challenges ahead such as climate change, biodiversity as well as growth of population and their inevitable consequences.”