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Agriculture tag returned 224 results

  • Kenya: All stakeholders urged to promote agricultural insurance

    Agriculture deserves all the joint efforts from relevant stakeholders to ensure that food security is sustained, says Mr Clifford Ochieng, chairman of the Association of Kenya Professional Insurance Agents (AKPIA).

    Africa | 09 Nov 2020
  • India: Technology drives down costs for crop insurance market

    India could see new reinsurers entering its state-sponsored agricultural insurance market if costs were driven down for the local insurers, who have previously borne heavy administrative and operating costs, according to Mr Max Carter, CEO of Lloyd's broker New Dawn Risk.

    Asia | 03 Nov 2020
  • India: With focus on health, motor still in the red

    Motor insurance premiums in India declined 2% y-o-y in September 2020 which is down 4% y-o-y in the second quarter of FY21 compared to 24% y-o-y decline in the first quarter of FY21.

    AIRPlus | 02 Nov 2020
  • China eyes establishing versatile agricultural insurance system

    China is on the way to enhancing its agricultural reinsurance business with the licensing in August 2020 of state owned China Agricultural Reinsurance Company.

    China | 30 Oct 2020
  • 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

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