agriculture insurance
Philippines launches parametric insurance for small fishers
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%.
How much will the crop insurance market grow in 2027?
The region contributes nearly a third to this market.
Agricultural insurance in China shows muted growth
It grew by 6% YoY.
Philippine agri secretary calls for modernisation of crop insurance
It hopes to adopt advanced models used in countries like Japan and Vietnam.
Equity infusion strengthens Zhongyuan against risks: Fitch Ratings
Despite higher loss ratios in agricultural insurance, ZYIC maintains a profitable underwriting margin.
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AI isn’t replacing insurance, it’s finally making it work