Industry Segments: Agriculture Page 1 / 5
-
- July 12 2024
PartnerRe hands Sasa Hu expanded role of APAC P&C CUO
Hu will remain in Hong Kong whilst also maintaining her current role of head of agriculture.
-
- July 8 2024
India’s general insurers pull back from state flagship crop insurance scheme in FY 2024: report
Gross premium fell 4.2% to US$3.7bn for the 12 months ended March 2024, at a time when farmers were grappling with heavy crop losses due to floods, unseasonal rains and heatwaves.
-
- June 14 2024
Chinese state-owned insurers extend US$427bn in Belt & Road cover: report
PICC, China Life, China Pacific Insurance, China Taiping Insurance and China Re have extended risk protection to back up the government's global infrastructure development strategy.
-
- May 27 2024
Gallagher Re beefs up India agriculture team with two new hires
New Delhi-based Naveen Sharma and Mumbai-based Cherukumalli Kiroj Kumar have joined the global broker's agriculture specialty team in India.
-
- May 23 2024
Aon elevates Wen Chen to APAC reinsurance agriculture leader
Singapore-based Chen, who was most recently Aon's head of agriculture for Greater China, will explore new regional reinsurance and retrocession opportunities in the sector.
-
- April 8 2024
Philippines budgets US$80m for crop insurance funding in FY 2024
The allocation is under the 2024 General Appropriations Act and is expected to cover the full cost of crop insurance premiums of more than 2.3m of the country's targeted farmers and fishermen.
-
- February 15 2024
MIC Global partners WRMS to offer parametric flood cover for India’s gig workers
The Lloyd’s player’s micro-insurance product will cover against financial impacts from extreme weather events.
-
- January 25 2024
China’s parametric pilots for nat cat cover finding early success: Taiping Re CEO
Wider use of index-based insurance and ILS is key to finding much-needed capacity for (re)insurers and widening nat cat insurance, according to Sheldon Yu.
-
- January 5 2024
Directors & officers seek cover as climate risks enter boardrooms
With mandatory ESG reporting deadlines fast approaching, there is growing demand for climate coverage as part of D&O policies, says Axa's Chelsea Jiang.
-
- December 14 2023
PICC P&C’s agricultural business sees fastest growth for 11M2023
The government's initiative to expand coverage to more commodities should help non-lifers to uphold their growth dynamics in agri insurance, analysts said.
-
- December 12 2023
China to pilot expanded agri cover scheme
The public-private partnership programme will provide coverage to rubber farmers in Yunnan, Hainan either on the costs or revenue of the insured plantation.
-
- November 20 2023
Kiwi carrier Tower exits commercial farm insurance
Commercial rural clients will be referred to AonAgri from February 1 as the carrier focuses on its direct personal and small business lines.
-
- November 1 2023
Floodbase and Ag Guard tie-up for parametric agri cover in Australia and New Zealand
The products are scheduled to be available in 2024 and will offer region-specific pricing that trigger payouts automatically when flooding exceeds predetermined thresholds.
-
- October 11 2023
Extreme events in Greater China could lead to US$4.6tn economic losses over five years: Lloyd’s
This is the largest financial impact, closely followed by Asia Pacific with the losses worth US$4.5 trillion, says new Lloyd's systemic risk scenario that models food and water shocks.
-
- September 12 2023
Swiss Re’s Mael He becomes head of client underwriting, China
Prior to the appointment this month, He was heading the reinsurer's APAC agriculture business.
-
- September 7 2023
Analytics: Chinese P&C carriers focus on agri, liability offerings in acceleration away from motor
- Analytics
- Agriculture
- China
- China Continent P&C
- China Pacific Insurance P&C
- PICC Property and Casualty
- Ping An
- Sunshine Insurance
Improved underwriting results, new products and a push from the government are driving growth, but an uncertain economic outlook has seen carriers rush to pare credit surety exposures.
-
- September 4 2023
Typhoon Saola triggers claims across Hong Kong, Macau, China and the Philippines as Haikiu hits Taiwan
The storm to bring loss accumulation of tens of millions of dollars from flooding, crop damage, car and yacht write-offs, flight disruptions, fallen solar panels and trees.
-
- August 22 2023
China adds US$69m to flood recovery fund as claims surpass 266,000
The funding will go towards compensation for property losses, damage to crops, animal and poultry farms, commercial forests, houses and agricultural machinery.
-
- June 22 2023
60% of crop exposure uninsured against nat cats: Swiss Re
The reinsurer estimates the global agri protection gap at US$113bn in 2022, up by 28% in nominal terms from 2016.
-
- June 16 2023
Philippines to get US$750m World Bank loan for ESG, expanding crop insurance
The policy loan will bolster environmental protection and fund new insurance products for smallholder farmers and support operations of the Philippine Crop Insurance Commission.