Recent news that Zhongyuan Agricultural Insurance's general manager Jiang Hua has resigned, and moved to Ping An has fuelled speculation that Ping An plans to set up an agricultural insurance company.
Australia's biggest general insurer, Insurance Australia Group, has bought a multimillion-dollar stake in a start-up that measures climate change risk on farms.
Lawmakers have passed the long awaited Agricultural Insurance Law that expands the scope of protection from natural disasters to include also pests, diseases, poisons, and environmental factors.
The Thai Cabinet has approved a maize insurance project estimated to cost THB313.98m ($9.8m) that would cover a target area of 3m rai (480,000ha), to mitigate the effects of natural disasters.
State-owned Sadharan Bima Corporation (SBC) has launched, for the first time, index-based flood insurance for crops grown in wetland areas which are susceptible to flash floods.
The Australian Forest Products Association (AFPA) has called for a new vision to manage the country's 132m hectare forest estate against catastrophic bushfires. It has asked for an ambitious whole-of-landscape approach to bushfire mitigation and active land management in the country.
Green Delta Insurance, a private player in Bangladesh has partnered with digital financial services platform, Nagad to raise funds for the farming community in Bangladesh that is facing livelihood challenges from COVID-19.
The Thai Cabinet has approved a rice insurance scheme for the current production year, with 17 private sector insurers providing cover.
China will ramp up financial assistance and insurance coverage to agriculture, rural areas and farmers, according to a circular issued by the CBIRC.
MNRB Holdings' wholly-owned unit, Takaful Ikhlas General (Takaful Ikhlas), is collaborating with Sultan Zainal Abidin University (UniSZA) on research into an affordable micro takaful scheme for farmers and smallholders in the country.