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.
Thought Leadership Centre
In Association with
Most Read
1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
Showcase your achievements and gain recognition for shaping the future of insurance.
Commentary
AI isn’t replacing insurance, it’s finally making it work