Agriculture

Typhoon Yagi causes over US$3bn in economic losses in Vietnam

October 8 2024

Estimates suggest that the typhoon’s destruction could lower the country’s GDP growth by 0.15% this year, with agriculture hit particularly hard.

Typhoon Krathon inflicts widespread damage on Taiwan and the Philippines

October 7 2024

Agricultural sector suffers huge losses as a result of the typhoon.

Funding question slows repurchase of parametric cat cover

September 24 2024

Funding, design, risk models, and delayed claims payouts hinder growth of parametric in Asia despite potential for cat-prone regions, say experts.

India’s National Disaster Management Authority aiming to 'evangelise' use of parametric solutions

September 16 2024

NDMA wants to increase the use of parametric in the country, but warns issues like high premiums may hinder adoption.

Typhoon Yagi causes devastation in the Philippines, strengthens as it heads toward China

September 5 2024

Typhoon Yagi triggered deadly floods and landslides in the Philippines, leaving 15 dead and 21 missing, and causing millions of USD in agricultural losses.

Asian nat cat insurance protection gap double Latin America’s

September 5 2024

Only 12% of Asian modelled nat cat economic losses are covered by insurance compared with 24% for Latin America.

seadrif-philippines-discuss-disaster-risk-finance-collaboration-amid-severe-nat-cat-exposure

SEADRIF and Philippines discuss disaster risk finance strategy amid severe nat cat exposure

September 3 2024

SEADRIF and the Philippine government discuss solutions to address annual natural catastrophe losses, estimated at 3% of GDP.

Shriram General Insurance set to re-enter crop insurance segment - report

August 7 2024

SGIC looking to re-enter the crop market following seven-year absence.

India's Square Insurance raises US$3m in pre-Series A round funding

August 5 2024

Indian insurtech will use funds to develop tech and expand presence, as it bids to advance cattle and rural insurance solutions.

Fitch downgrades China United Property due to reduced likelihood of parent support

August 2 2024

Fitch assigns BBB+ rating, with ultimate parent struggling with asset quality and earnings amid China's property market downturn.

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