The Insurers Federation of Egypt (IFE) has advocated for the development of a broader range of sustainable insurance products that meet environmental, social, and governance (ESG) standards.
A dedicated life insurance programme for dairy farmers is in the pipeline, with the pioneering initiative aiming to provide financial security insurance coverage for over 1,500 farmers and their families under the Dairy Farmers Programme.
Agrifood, an important sector highly dependent on diesel used for planting, harvesting, processing and transportation, will be severely impacted if the conflict lasts any longer due to higher oil and fertiliser prices.
The Senegalese insurance market is doing well, becoming the second largest market in the CIMA zone with premiums of nearly FCFA300bn ($538m). Senegal ranks behind Cote d'Ivoire.
China Agricultural Reinsurance Co (China Agri-Re) has announced a proposed significant change to its shareholder structure, in a move to streamline agricultural insurance operations within one of China's largest farming conglomerates.
Agricultural insurance cannot stand alone but must be placed within the overall value chain in the farming sector, according to Ms Cao Xuan Thu Van, Chairwoman of the Vietnam Cooperative Alliance, the national association representing all cooperatives.
As part of its expansion in Australia, Sompo has recruited a highly experienced team of local underwriters who bring established expertise across property, casualty, financial lines, energy and construction.
The National Financial Regulatory Administration (NFRA) has issued a notice, urging insurers to play a pivotal role in rural revitalisation in the country.
Three government bodies have jointly issued a notice on strengthening cooperation to promote the high-quality development of hog insurance. The notice addresses issues in hog insurance in China, which is the world's largest producer and consumer of pork, accounting for approximately half of global pork consumption.
Rex Insurance has launched a major push into climate-smart agriculture with a strategic partnership with the Nigerian Meteorological Agency (NiMet), to introduce weather-driven index insurance solutions designed to protect smallholder farmers in Nigeria from growing climate risks.