DYMAC Risk Management Solutions
RR # 5
Lacombe Alberta T4L 2N5
Phone: 1-403-782-5277; FAX: 1-403-782-5251

Richard McConnell has 19 years of experience in the agriculture insurance field in program design, development, ongoing management and reinsurance acquisition. During his tenure with Agriculture Financial Services Corporation (AFSC) and its predecessor, he supported major innovative program development and management changes. Index based insurance designs including weather-index and satellite-based insurance programs for annual crops and pasture respectively were introduced during his tenure. Mr. McConnell has extensive experience collaborating with producer associations to develop and refine practical agro-insurance programs. He has completed international agro-insurance projects, provided technical advice and/or conducted specialized research in Chile, China, Guatemala, India, Italy, Malta, Turkey and Ukraine. Mr. Mcconnell has been a core member of the team organizing the Institute.

M.Sc. Resource Economics, University of Alberta, Alberta, Canada
B.Sc. Biology, University of Guelph, Ontario, Canada


Director/Independent Risk Management Consultant, DYMAC Risk Management Consultant, Ltd. Lacombe, Alberta (2005 – Present).

World Bank: Guatemala - Conference speaker and seminar participant; weather and index-based agriculture insurance products; Washington: Task Managers Workshop - Weather- and- Index-Based Insurance Solutions and Practical Experience; India: Review of the National Agriculture Insurance Scheme.

Agriculture Financial Services Corporation: Livestock insurance - Review of private reinsurance options for the Multi-Peril Production Insurance (MPPI) program for Alberta.

Alberta Government: Review of Hail Insurance Act; Reinsurance solutions for wildfire fighting expenditures.

Agriculture and Agri-Food Canada: Private Sector Risk Management Partnerships (PSRMP): (i) Canadian Animal Health Coalition – insurance for reportable livestock disease outbreaks (ii) Alberta Pork Producers - Price Insurance Feasibility Study; (iii) Canadian Horticulture Council - Potato Blight Insurance Scheme (iv) Wild Rose Agriculture Producers – web-enabled weather and are-yield index insurance (v) Alberta Beekeepers – insurance for abnormal wintering losses.

Benfield Canada: technical advisor to agro-insurance development in China.

IBM Consulting/Ontario Government: Ontario, Canada - review of agriculture insurance solutions for ginseng and fresh market horticulture crops.

Istituto di Servizi per il Mercato Agricolo Alimentare – review of agriculture commodity price gathering mechanisms for selected crops.

International Finance Corporation: technical advisor to agro-insurance development for Ukraine.

Vice President, Research , Information and Development (Executive Consultant and Research Director), Agriculture Financial Services Corporation, Lacombe, Alberta (1993 – 2005).
Provide input to Corporate/Ministry Business plans and develop department tactical plans that support government strategies and objectives. Provide strategic advice on policy issues and program decisions to the Board of Directors. Develop and evaluate agriculture safety net programs/products in conjunction with national/provincial objectives and corporate business plans. Responsible for ensuring the actuarial integrity of insurance programs/products, consistency of application to clients, efficient delivery and compliance with government (provincial and federal) legislation. Primary responsibility for reinsurance negotiations and international consulting projects in Chile, Turkey and Malta. Primary liaison with federal government and other provincial agencies involved in agriculture policy and structure of safety net programs. Primary contact at senior level with farm community through commodity groups and individuals to gather input, monitor operational performance and improve safety net programs. Manage department resources (human, fiscal, information) effectively to achieve business goals. Lead, mentor and encourage staff to develop their skills to ensure human resources meet future needs. Work effectively with other members of corporate executive management committee to accomplish corporate goals, identify opportunities and challenges, define problems, analyze alternative solutions and present recommendations to the Board for informed decision.

Acting General Manager, Operations and Research, Agriculture Financial Services Corporation, Lacombe, Alberta (1992-1993)
Responsible for the overall operations of the Insurance Division within the newly formed corporation (amalgamation between Agriculture Development Corporation and Alberta Hail and Crop Insurance Corporation) including: Marketing and communications strategies; claims adjusting, processing and appeals procedures; program delivery and customer service; operational efficiency and budget performance; and divisional strategic planning process. Provide direction for program development and evaluation; contact with federal/provincial agencies; actuarial compliance; and developing legislation. Primary contact for Insurance Division with board of directors, provincial elected representatives, provincial treasury officials, federal insurance officials, and Agriculture Minister's office. Member of Executive Committee - provide input to strategies surrounding the merger of AHCIC and ADC. Leadership role in advancing the merger throughout the insurance division.

Executive Director, Communications and Corporate Planning, Alberta Hail and Crop Insurance Corporation, Lacombe, Alberta (1991-1992).
Coordinate projects, define issues, analyse and evaluate alternatives and prepare recommendations for board approval. Develop program and policy manuals in conjunction with board of directors. Develop and implement communication initiatives, prepare educational materials. Develop and implement a strategic planning process with the board of directors and executive management committee. Represent the corporation at public meetings, with the media, farm groups and on committees addressing a variety of agriculture issues in Alberta. Prepare/revise regulations and agreements that outline the programs offered by the Corporation, in conjunction with federal counterparts. Responsible for preparing responses to Action Requests, Ministerial briefing documents and regular reports to the Ministers office.

Research Coordinator, Alberta Hail and Crop Insurance Corporation, Lacombe, Alberta (1987-1991).
Design and coordinate research projects. Evaluate and present recommendations regarding design and administration of programs for board approval. Develop alternative program design elements to implement broad recommendations from the 1984-85 crop insurance review process. Represent the corporation at farm meetings and liaise with provincial/federal officials addressing issues relating to crop insurance and agricultural safety net programs in general.

Research Analyst, Planning Secretariat Alberta Agriculture, Edmonton, Alberta (1986-1987).


  • 19 years of experience in all aspects of agriculture insurance.
  • International consulting experience in agriculture risk management.
  • Excellent writing and presentation skills.
  • Leadership, strategic planning, negotiating and problem-solving skills.


Goals for the Institute

Developing Countries:
To develop sustainable agricultural risk management programs for developing countries that result in economic stability and new sources of “risk capital” for their agriculture sectors.

Developed Countries:
To provide a training, succession planning, and “analytical research capability” environment for developed country governments and private companies engaged or expanding their work in agricultural risk management.

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