The Tanzanian government is committed to fostering a robust insurance market as a cornerstone of economic development, according to Professor Kitila Mkumbo in his capacity as the Minister of State for Investment and Planning.
TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the southern province of Antalya whose crops were damaged by a recent tornado.
Migratory animals that cross national borders and frequently congregate at predictable way stops, are uniquely vulnerable to human predation, pollution and habitat loss according to a new report by the UN.
African Risk Capacity (ARC) has formalised a $11.7m partnership with the United States Government (USG) to increase access to parametric insurance across Africa.
The Chinese property insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 12.1% over 2024-28, from CNY271bn ($40.5bn) in 2024 to CNY428.3bn ($67.7bn in 2028, in terms of gross written premiums (GWP), according to data and analytics company GlobalData.
The government's flagship crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) has assisted 40m farmers since it was launched in February 2016, said Finance Minister Nirmala Sitharaman in delivering the Interim Budget 2024-25 last week.
The Minister of Agriculture and Forestry Mr Ibrahim Yumakli has announced that the government plans to offer income protection insurance across the country in 2024 for growers of all types of grain.
Aon, a leading global professional services firm, has announced a collaboration with the African Development Bank and Amini to increase crop insurance capacity across Africa, support smallholder farmers' resilience and accelerate the use of nature-positive practices.
The Ministry of Agriculture, Maritime Fisheries, Rural Development and Water and Forests is planning to extend insurance coverage for the agricultural sector by 84,000ha.
The prospective underwriting performance of NongHyup Property and Casualty Insurance Company (NH P&C) , albeit moderately volatile depending on weather events, is expected to remain supported by growing long-term protection products with favourable margins,, says AM Best.