The Kenyan government has started efforts to formulate a policy that will provide insurance to safeguard fish farmers against losses.
ICRISAT scientists have collaborated with the Asian Development Bank (ADB) to develop high-resolution spatial maps that enable cropland mapping for insurance claims and agriculture policy decision making on targeting regenerative agriculture.
The Central Bank of The Gambia (CBG) in collaboration with the African Risk Capacity (ARC) are looking at launching non-sovereign parametric micro/meso insurance in The Gambia.
Regional InsurTech Igloo, in partnership with non-life insurance leader PVI Insurance, Vietnam Meteorological and Hydrological Administration (VNMHA) and global reinsurer SCOR, has launched Vietnam's first weather index insurance -? a blockchain-based parametric product that automates insurance claims of rice farmers.
At least 16 insurance companies have been given approval by the National Insurance Commission (NAICOM), to underwrite agricultural insurance across the country.
The agriculture sector in Nigeria is estimated to be losing an annual premium income estimated at $600m due to inadequate investment in the sector, an insurance industry expert has indicated.
Extreme drought conditions across the northern hemisphere this summer were made at least 20 times more likely by the human-driven climate crisis according to a new analysis.
Farmers in Turkey have become increasingly aware of insurance, and more are taking steps to obtain coverage for their crops and livestock, according to Ms Serpil Gunal, general manager and board member of the Agricultural Insurance Pool (TARSIM).
Agricultural insurance was the third biggest class of non-life business in the first eight months of this year in terms of premium income, having broken into the top three for the last three consecutive months, according to the CBIRC.
The mainland Chinese insurance industry posted total premium income of CNY3.15tn ($452bn) in the first seven months of the year, 5.07% higher than in the corresponding period in 2021, according to data released by the CBIRC. This growth was marginally lower than the 5.10% reported for the first half of this year.