Several Tanzanian insurance companies recently established a consortium for insuring large and valuable projects in the country to reduce reliance on foreign insurance companies, revealed Commissioner of Insurance, Dr Baghayo Saqware.
Climate change aggravates the risk of fast-spreading wildfires by an average of 25% as compared to pre-industrial era according to a new study.
A study conducted by the Insurance Regulatory Authority (IRA) across 18 districts in Uganda has revealed that a significant proportion of commercial farmers, who have the most to gain from agricultural insurance, have not even heard of it. This knowledge gap translates into a mere 5% of sampled farmers who have active insurance policies.
The African Development Bank has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA), an initiative is aimed at insulating countries against catastrophic weather-related events.
Climate change and rising global temperatures could make tropical forests get so hot that some types of leaves won't be able to carry out photosynthesis according to a new study.
Sudden shifts from droughts to heavy floods are becoming more common as the climate changes according to a new study.
The current agriculture reinsurance market in New Zealand is perhaps the toughest it has been in many years, driven by accelerating climate related losses.
More and more farmers are aware of the risks that could cause crop losses, according to the latest annual report of the Caisse Nationale de Mutualité Agricole (CNMA), Algeria's first agricultural insurer.
Salaam Takaful has formed a partnership with Digital Dera, Pakistan's first food security policy and rural technology innovation start-up, to advance the cause of financial inclusion.
Namibia Special Risks Insurance Association (NASRIA) will launch a farmers' insurance scheme in October, to protect farmers against loss of livestock or crops due to drought, flood, or wild animal attacks, among other things.