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Agriculture tag returned 119 results

  • Australia: Farmers have to be better informed of insurance & weather products

    Insurance and weather derivative products can provide effective and cost-efficient methods for practically eliminating risk for certain events for farmers. In many cases though, where these products are available, they remain underutilised or in market failure, states the Australian Farm Institute (AFI), an agricultural policy research organisation.

    Asia | 21 May 2019
  • Morocco: Agricultural insurer signs pact to provide poultry insurance

    The Moroccan Agricultural Mutual Insurance Company (Mamda) and the Interprofessional Federation of the Poultry Sector (FISA) have signed an agreement for the distribution of insurance products for the poultry sector.

    Middle East | 19 May 2019
  • Insurers face penal action for delay in settlement of agriculture insurance claims

    Under India's flagship subsidised farm insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) outstanding claims owed to farmers amounted to around INR5.3bn ($76m) to 31 March 2019.

    AIRPlus | 06 May 2019
  • Philippines: Farmers receive respite from El Niño related losses

    Filipino farmers with insured crops and fishermen affected by the El Niño phenomenon can now file for indemnity claims with the Philippine Crop Insurance Corporation (PCIC) to cover their losses, according to a report from the Philippine Daily Inquirer. The El Niño phenomenon greatly affected agriculture and aquaculture farms in Phillipine's Cebu province last month causing wilted crops and killing fish. Since January this year, PCIC has already released PHP77.2m ($1.5m) worth of insurance claims to farmers and fishermen.

    Asia | 25 Apr 2019
  • Insurance broker debuts food and agribusiness practice in APAC

    With agriculture insurance a fast-growing segment in Asia, Lockton has launched a food and agribusiness practice across the Asia-Pacific region and hired Mr Stephane Baldanoff as regional director. Asia's food production industry has seen increasing disruption as a result of natural catastrophes including seasonal typhoons, cyclones and outbreaks of endemic diseases over the past decade. This has spurred Lockton to develop insurance products that protect farmers and agribusinesses comprehensively, help them restart operations and quickly recover from interruption and losses.

    Latest News | 24 Apr 2019
  • Divestment is not the solution to palm oil's sustainability woes

    In light of the controversy surrounding the palm oil sector, the WWF Asia sustainable finance team has released recommendations for financial institutions on what constitutes science-based best practice in palm oil sustainability. The recommendations seek to help financial institutions address deforestation and other environmental and social issues in the palm oil sector.

    Latest News | 08 Apr 2019
  • India: Regulator urges insurers to record crop loss assessment requests

    General insurers should put in place a robust system to register all requests of individual crop loss assessment, said the IRDAI.

    Asia | 22 Mar 2019
  • China: 2 listed companies eye separate insurance start-ups

    Hainan Haiqi Transportation Group and Chengdu Haoneng Technology, both of which are listed on the Shanghai stock exchange, yesterday announced separately that they plan to establish insurance companies, to be called Haijin Property Insurance and Western Agricultural Insurance respectively.

    Asia | 20 Mar 2019
  • Willis Re launches agriculture team in Asia Pacific

    Willis Re announced the appointment of Mr David Gregori as head of agriculture for Asia Pacific and the set-up of its agriculture team for the region.

    People | 01 Mar 2019
  • Govt says agricultural reinsurer to be established

    Five government bodies earlier this week issued a joint statement, entitled "Guiding Opinion on the Revitalisation of the Rural Sector through Financial Services", that stated that an agricultural reinsurance company is to be established, so as to improve the agricultural reinsurance system.

    China | 15 Feb 2019


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