“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,
US$730m has been pledged so far—only a quarter of Vietnam's Typhoon Yagi damage—and early projects could determine whether the fund attracts additional financing.
Michael Rellosa, Executive Director of the Philippines Insurance and Reinsurance Association (PIRA) says the use of fixed tariffs has hampered attempts to launch the PCIF.
