Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Mar 2024

Philippines: Agri insurance is a national issue, says insurance commissioner

Source: Asia Insurance Review | Aug 2018

Philippines Agriculture Nat CAT

Agricultural insurance is no longer only a problem for farmers but has become a national issue that needs to be addressed, insurance commissioner Dennis Funa has said. 
 
“Losses incurred by our farmers may be explained by poor agricultural practices and natural disasters,” he said at a recent agricultural insurance forum. “These, among others, have been found to be significant contributors to the vicious cycle of poverty of farmers in the Philippines, especially the smallholder farmers,” Mr Funa added.
 
At the same forum, Senator Cynthia Villar, who chairs the senate committee on food and agriculture, said, “What is needed is for the private sector to complement the current limited coverage of rice, corn and coconut farmers.”
She called on insurers to help small farmers recover from Nat CAT losses by providing insurance coverage to the agricultural sector. A 
 
| Print
CAPTCHA image
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.