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Agriculture tag returned 220 results

  • India: Crop insurance losing lustre

    Crop insurance premiums declined in September this year after recording positive growth in the previous months.

    Asia | 15 Oct 2020
  • Govt-backed agricultural reinsurance company holds inaugural meeting

    China Agricultural Reinsurance Co held its inaugural shareholders' meeting in Beijing on 28 September. The new company's main function is to redistribute Nat CAT risk faced in the agricultural sector and to build and manage a national agricultural disaster fund.

    China | 02 Oct 2020
  • India: Insurers likely to shun crop insurance following fall in reinsurance coverage

    The Pradhan Mandri Fasal Bima Yogana (PMFBY), a government sponsored crop insurance scheme, is expected to run into a cool reception from insurers after the national reinsurer GIC Re decided not to reinsure more than 45% of any insurer's crop insurance business.

    Asia | 02 Oct 2020
  • Algeria: Agricultural insurance reform project underway

    A project to reform agricultural insurance is under preparation, including making it mandatory for farmers to take out insurance and granting state subsidies for strategic sectors, the director general of the National Agricultural Mutual Fund (CNMA), Mr Cherif Benhabiles.

    Africa | 28 Sep 2020
  • AIR Worldwide updates multiple peril crop insurance model for China

    Catastrophe risk modelling firm AIR Worldwide has released an updated Multiple Peril Crop Insurance (MPCI) Model for China to support probabilistic assessments for five newly modelled crop lines of business and a newly modelled sub-peril. This update also includes a new livestock module that adds six additional lines of business and two new sub-perils.

    China | 25 Sep 2020
  • Vietnam: Agricultural insurance seen as a conundrum

    Agricultural insurance has yet to take off in Vietnam because there are still many farmers who are not interested in this type of insurance despite the impact of climate change on agriculture.

    Asia | 11 Sep 2020
  • Collaboration on enhancing climate resilience with parametric insurance

    AXA Climate and SatSure AG have signed a Memorandum of Understanding (MoU) to jointly offer parametric insurance solutions for private and public sector institutions on a global scale.

    Asia Risk | 09 Sep 2020
  • Asia Pacific crop insurance market set to overtake US

    The rise in digital initiatives for crop insurance and supportive government initiatives such as subsidies drive the growth of the global crop insurance market. US-based Allied Market Research said in its latest report that the crop insurance market is expected to grow $53.02bn globally by 2027, at a 6.1% CAGR.

    AIRPlus | 08 Sep 2020
  • Establishment of agricultural reinsurer receives formal approval

    The CBIRC has approved a reinsurance licence for China Agricultural Reinsurance Co, according to a report by China Banking and Insurance News.

    China | 28 Aug 2020
  • ILRI launches new drought index insurance for resilience

    International Livestock Research Institute (ILRI) has launched a new drought index-insurance for resilience in the Sahel and Horn of Africa (DIRISHA) project, focusing on pastoral systems in the Intergovernmental Authority on Development region(IGAD), the eight-country trade bloc in Africa.

    Africa | 24 Aug 2020

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