Typhoon Champi has resulted in estimated agricultural insurance payouts of NT$81m ($2.49m), with five weather-index insurance policies meeting the criteria for claims. Taiwan's Ministry of Agriculture has urged insurers to simplify claims procedures, proactively calculate and notify affected farmers of payouts, and expedite payments to help them recover from losses caused by the typhoon.
The Agro Insurance Consortium (AIC), a coalition of 14 insurance companies, is developing a unified climate-risk intelligence platform under the Uganda Agriculture Insurance Scheme (UAIS).
Global insured losses from Nat CAT hit $92bn over 9M2026, 29% below the 10-year average ($128bn) and the lowest year-to-date insured loss total since 2019.
Cambodia's Ministry of Agriculture, Forestry and Fisheries (MAFF) is looking into a disaster-related insurance scheme designed for modern agricultural cooperatives.
The Tunisian government has proposed several initiatives related to insurance in its draft Economic Budget for 2027, presented last week. The objective is to promote the development of the insurance industry in the country.
The risk that first appeared was geopolitical risk, then energy prices and food market risk appeared. A disrupted shipping route created supply chain risk. Following on its heels was cyber operations risk, and then production and financial risk.
AM Best maintained its stable outlook for Indonesia's non-life insurance market, citing steady economic conditions, expanding premiums and new initiatives designed to fortify the sector's financial health.
At a session for the Securities and Exchange Commission of Pakistan (SECP) Talk Series on 'Inclusive Insurance: Global Insights', it was mentioned that Pakistan has significant potential to expand inclusive insurance coverage.
Agricultural insurance, as a specialised tool for managing agricultural risks, is undergoing significant changes under China's revised Agriculture Law. The current law essentially addresses the question of whether agricultural insurance exists. The revised law goes further, addressing how well it works, whether it is fair, and whether it is sustainable.
The Finance Ministry has said that agricultural insurance provides risk protection exceeding CNY5tn ($746bn) annually for hundreds of millions of farmers.