The Office of Insurance Commission (OIC) secretary-general Chuchat Pramulpol and the Office of Agricultural Economics (OAE) secretary-general Chanthanon Wannakhet co-chaired a meeting to develop and drive the weather-index insurance project.
The meeting reviewed the progress of the working group dedicated to enhancing support for farmers affected by natural disasters through scientific and technological approaches.
Key updates included the development of a sandbox project aimed at creating a weather-index insurance product for durian crops in the eastern region, leveraging IoT technology and geographic information systems to measure wind speed and model risks accurately.
The session also covered preparations for a knowledge-sharing seminar focused on the application of technology in disaster assessment for crop insurance.
Additionally, it highlighted advancements in utilising satellite-based geographic information to improve the monitoring, surveying, inspection and damage assessment processes following natural disasters.
The meeting further explored ongoing efforts to develop and refine agricultural insurance products and delivery models tailored to the needs of affected farming communities.