In view of supporting probabilistic assessments of potential losses caused by yield shortfalls for 11 major crops across the two main India crop-growing seasons, catastrophe risk modelling firm AIR Worldwide has released a multiple peril crop insurance (MPCI) model for India. It is said to provide a high-quality single data set of the country's state and district crop production statistics currently available.
A number of general insurers, facing losses from natural calamities, are understood to be reviewing their crop insurance portfolios and even considering exiting the class of business.
The Minister of Agriculture, Water Resources and Fisheries, Mr Samir Bettaieb, has officially launched the Natural Disaster Damages Compensation Fund (Fidac).
The National Insurance Commission (NIC) with funding support from the Alliance for Green Revolution Africa (AGRA) has moved to lay down a comprehensive policy for agricultural insurance.
Nigeria-headquartered Continental Reinsurance has started to offer agricultural insurance as part of its product portfolio.
The relevant authorities are currently studying the feasibility of establishing a national agricultural reinsurance company, to strengthen agricultural insurance services in the country.
Climate change is reshaping the evolution and intensity of El Niño events in a way that favours the occurrence of more "super" El Niños, according to a study 'Historical change of El Niño properties sheds light on future changes of extreme El Niño', published in Proceedings of the National Academy of Sciences of the United States of America in October 2019.
Several investors have in recent months submitted applications for licences to establish specialised insurance companies.
China's Ministry of Finance has published suggestions for improving the country's agricultural insurance to better protect farmers.
A newly launched research project is combining a number of very different solutions into one climate-smart bundle, helping smallholders increase their resilience to disasters and improve their opportunities for recovery.