agriculture insurance

Sri Lanka crop cover expands as drought floods and elephants hit

Losses linked to weather and environmental shocks are weighing on farm incomes.

APAC crop insurance seen rising 34% as climate risks intensify

Worldwide gains total $16b with 6.3% annual expansion.

Parametric insurance market set to hit $51.3b by 2034

Asia-Pacific will be the fastest-growing region.

Philippines launches parametric insurance for small fishers

The insurance will provide payouts of up to $100 per policy cycle.

Agricultural parametric insurance market to grow 6.5% yearly

Natural catastrophes insurance segment held the highest market share in 2023. 

Crop weather index insurance market to hit $3.3b by 2029

Growth has been supported by greater climate unpredictability.

Crop insurance set to grow 6.9% annually through 2029

Growth is driven by use of advanced weather prediction systems.

Philippines pilots satellite-based crop insurance with global partners

Agricultural losses from natural disasters reached ₱57.8b in 2024.

Global crop insurers expand with 8.7% annual growth rate

Asia-Pacific is expected to see the fastest growth.

Agricultural insurance boosts China’s farm output by 8.99%

The impact is especially strong in China’s eastern provinces.

Agricultural insurance market to hit $67.4b by 2032

High premiums and limited access for marginal farmers could constrain growth. 

Asia-Pacific leads livestock insurance market with 39.7% share

Globally, the market is projected to grow to $8.5b by 2034.

Indonesian association launches 2025–2030 roadmap to strengthen farm insurance

It aims to establish a sustainable ecosystem in support of national food security.

India’s Union Cabinet extends crop insurance schemes

It has a total allocation of ₹69,515.71 crore.

S’pore’s NTU develops AI model for affordable farmer insurance

It could improve policyholders’ wealth by nearly 5% whilst being 37% cheaper.

China-based Groupama SDIG enhances non-agri insurance strategy

Over the past three years, the company’s combined ratio averaged 98%.