China's Ministry of Finance has published suggestions for improving the country's agricultural insurance to better protect farmers.
A newly launched research project is combining a number of very different solutions into one climate-smart bundle, helping smallholders increase their resilience to disasters and improve their opportunities for recovery.
Climate change could impact up to 60% of world's wheat growing areas by the end of the current century compared to 15% today. Wheat supplies around 20% of all calories consumed by humans globally.
Bangladeshi Finance Minister AHM Mustafa Kamal has said that insurance would be made compulsory in phases for flats, residential buildings, corporate offices, commercial buildings and structures, crops and livestock.
The Indian government is ready to spend around $100m for technology intervention in its flagship agriculture insurance programme, Pradhan Mantri Fasal Bima Yojana (PMFBY) in order to make it robust and attractive to farmers, said Dr Ashish Kumar Bhutani, CEO of the programme.
Insurance coverage on hogs has been raised temporarily as the Chinese government seeks to encourage pork production against a backdrop of price hikes amidst an African swine fever (ASF) epidemic. The cover increase is to take effect until 31 December 2020.
Asia Insurance Review's 6th Agriculture Insurance conference is set to take place in New Delhi next week and we look at how agriculture insurance is impacting markets in South Asia.
The government is considering creating a reinsurance pool for the Pradhan Mantri Fasal Bima Yojna (PMFBY), to retain premiums from the flagship crop insurance scheme at home.
Old Mutual, the oldest insurer in the country, has claimed that it will soon the first local insurance group to deploy drones to assist with insurance claims.
To help local farmers cope with damaged crops and their associated costs, the Philippine government is urged to provide mandatory insurance coverage for unhusked rice and other crops, according to local publication The Philippine Star.