Anuj Kumbhat

  • Anuj Kumbhat

    Co-Founder & Executive Director, Weather Risk Management Services

    Anuj is Co‐founder and Executive Director of Weather Risk Management Services Ltd. (WRL) He is a Chartered Accountant, Company Secretary and a member of the Global Association of Risk Professionals (GARP). Anuj has over 10 years of experience in project finance and risk management.

    In WRL, he is responsible for structuring innovative weather risk management solutions for various sectors. Anuj heads a team of 6 agriculture risk management experts in WRL.

    One of the risk management solutions he and his team have implemented successfully in three successive years is providing free weather insurance to farmers through reputed agri‐input companies like Dupont, Pioneer Hybrid Seeds etc.

    He has also conceptualized and implemented weather index insurance model around contract farming operations where a company shares the cost of insurance by incentivizing contracted farmers during procurement. Large Contract Farming Companies like Pepsico India and ITC Foods have provided
    these services to their contract farmers.

    His team has also structured very innovative livelihood index insurance solutions like cover small salt producers in Andhra Pradesh (through Care India) or covering Shellac Rearers in tribal Jharkhand (through PRADAN).