Agriculture

Parametric agriculture insurance faces distribution hurdles in Asia

February 21 2024

Indemnity insurance fraud and problems with the bancassurance model mean creative approaches to distributing parametric insurance are needed.

agri-key-to-12-1-cagr-for-chinas-property-insurance-segment

Agri key to anticipated 12.1% CAGR growth for China's property insurance segment

February 9 2024

GlobalData forecasts gross written premiums to grow to CNY428.3bn (US$67.7bn) in 2028.

Agricultural Insurance Company of India launches crop insurance pilot for small tea growers

February 8 2024

AICIL launches pilot scheme targeting small tea producers in three key regions, with plans for national expansion based on initial success.

India expands support for flagship crop insurance programme

February 5 2024

Latest budget sees modest increase to 146bn rupees (US$200m), however life and health insurance tax reforms left unaddressed.

Cyclone Kirrily makes landfall near Townsville as Cat 3 storm

January 25 2024

Townsville bears brunt of Category 3 storm, with severe winds and heavy rains causing widespread disruptions and raising fears for farming sectors.

India home to a quarter of world’s crop insurance protection gap

January 19 2024

India is fastest growing G20 insurance market, but the country accounts for US$31.1bn of the global US$113bn crop protection gap, according to Swiss Re data.

Igloo partners with AMS and MobiFone to expand agri product in Vietnam

January 16 2024

Partnership enables Singaporean insurtech to expand reach of its Weather Index Insurance offering to farmers in Vietnam.

ICNZ: 87% of Cyclone Gabrielle and Auckland Anniversary flood claims settled

December 12 2023

To date 99,798 of 115,353 and NZ$2.7bn (US$1.65bn) of NZ$3.6bn have been settled.

chinas-non-life-market-sees-premium-growth-offset-by-net-profit-decline

China's non-life market seeing premium growth, offset by net profit decline

November 29 2023

Growth in health, agriculture, and resurgence in motor underpin AM Best's 'stable' outlook for China's non-life sector, but market faces drop in underwriting profit and slowing economy.

drought-risk-to-asian-power-producers-from-strong-el-nino-wtw

Drought risk to Asian power producers from strong El Niño: WTW

November 17 2023

WTW report outlines a number of potential energy risks for insurers, including El Niño, construction, macro and geopolitical concerns, and cyber.

Australia: Coastsure consolidates Gold Coast presence with acquisition of Ausure

November 6 2023

Coastsure, one of the largest local insurance brokers on the Gold Coast, strengthens its portfolio through the acquisition of Ausure Gold Coast."

ag-guard-and-floodbase-partner-for-2024-launch-of-parametric-flood-cover-in-australia-and-new-zealand

Ag Guard and Floodbase partner on ANZ parametric flood cover

November 2 2023

The products are aimed primarily at agricultural risk and will be launched in 2024,

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