The proposed facility aims to enhance climate resilience in Southeast Asia’s agricultural sector by addressing funding gaps and improving access to risk finance solutions.
“We are thrilled to see this initiative set the stage for scalable, affordable, and efficient crop insurance solutions,” says Mark Rueegg, CEO of parent company CelsiusPro Group,
Korean insurer's ratings affirmed, with future underwriting performance supported by CSM base, though its capital is more exposed to volatility than domestic peers.
Researchers use neural networks to uncover complex links between weather patterns and crop losses and say new model could reduce farmers' insurance premiums by up to 37%.
