The participants in the Symposium agreed to the following next critical steps as the way forward towards the achievement of the overall objective:

1. The establishment of a Regional Programme for disaster risk management for the agricultural sector in the Caribbean.

2. The design and implementation of a regional catastrophic risk facility for agricultural insurance in the region.

3. That governmental support be provided to existing private sector insurance and reinsurance entities in the Caribbean utilizing the experiences gained in the present initiatives such as WINCROP and CCRIF and other such related ventures.

4. That the technical team established under the oversight of the Technical Management Advisory Committee (TMAC) will undertake the necessary technical work to complete the Action Plans for the regional insurance programme in the short term and the regional disaster risk management plan in the medium term. These Action Plans will include timelines for the completion of the identified activities.

5. The Chairman of TMAC will submit the Action Plans for the establishment of a Regional Agricultural Insurance programme and a Disaster Risk Management Programme for the approval of the Council of Ministers and subsequently to the Heads of Government.