The loss ratio of pig insurance has risen to 130%, as African swine fever that wiped out a significant proportion of the country's pigs, industry experts told Caixin at a recent agricultural insurance forum.
When a leading global reinsurer is looking for growth, every line of business if fair game.
An economics professor has proposed the establishment of an agricultural insurance fund, so as to realise financially stable insurance services for farmers.
Non-motor premiums in China will continue their strong growth of recent years from a broad range of business lines in the next 12-18 months, predicts Moody's Investors Service in a report on the P&C insurance sector.
Animal agriculture and meat consumption are significant contributors to climate change, and a recent report found that Asia's animal agriculture sector performed poorly in its management of sustainability issues including climate emissions, deforestation and antibiotics.
As the impact of climate change exacerbates and water, food and fuel shortages leading to price hikes of these essentials become endemic, conflicts over these are expected to start increasing dramatically.
Protected areas, which are vital to preserve diverse life on Earth, as well as mitigate climate change by conserving carbon-sequestering vegetation, are not able to reduce the "anthropogenic pressure" on the most precious natural habitats.
The Insurance Federation of Egypt (IFE) is seeking to implement policies aimed at closing the insurance protection gap, which is estimated at $2.8bn in the Egyptian market, according to Mr Alaa El-Zoheiry, the president of the association.
In view of supporting probabilistic assessments of potential losses caused by yield shortfalls for 11 major crops across the two main India crop-growing seasons, catastrophe risk modelling firm AIR Worldwide has released a multiple peril crop insurance (MPCI) model for India. It is said to provide a high-quality single data set of the country's state and district crop production statistics currently available.
A number of general insurers, facing losses from natural calamities, are understood to be reviewing their crop insurance portfolios and even considering exiting the class of business.