Industry Segments: Agriculture Page 4 / 5
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- August 6 2021
Henan flood claims surpass US$1.74bn
The local CBIRC office says insurers have received over 500,000 claims so far.
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- July 30 2021
China’s insurers to manage Henan flood losses: AM Best
Rating agency cites portfolio diversification and state reinsurance protection as mitigating factors.
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- July 29 2021
Asia sees growing potential in agriculture (re)insurance
Asia will soon generate 50% of global agriculture premiums according to a Lloyd's webinar.
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- July 28 2021
ZYIC maintains credit rating despite Henan flooding
AM Best cautions that the full extent of claims in the province is still unknown.
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- July 20 2021
Typhoons threaten agriculture in three China provinces
Ministry of Agriculture urges insurers to settle any claims promptly amid uncertainty over landfall.
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- July 2 2021
ZYIC taps Qianhai Re and AnHua for XOL cover
Insurer tells IAN reinsurance expenses increased in 2020 to deal with agri-cat risk.
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- June 15 2021
Philippine insurance authority seeks comment on agriculture PPP
Insurers would need to reinsure a minimum of 10% of the risk with Nat Re.
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- May 31 2021
India’s non-life market to face continued headwinds
AM Best notes that motor, health and crop lines were some of the worst performing in FY 2021.
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- February 25 2021
Gaps remain despite record weather claims: ICNZ head
The industry association's CEO tells IAN that commercial property and agricultural crops still lack protection.
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- August 31 2020
China green lights US$2.3bn agriculture reinsurer
The new firm is understood to be backed by China Re and Ping An.
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- July 1 2020
China’s rural premiums could reach US$141bn by 2025: report
State-led rural revitalisation could present significant opportunities for insurers.
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- June 11 2020
Reaction to Asia’s June agriculture renewals
Senior experts from Canopius, Lockton and Willis Re give their verdicts.
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- May 22 2020
IAG invests multimillions into climate data platform
Understanding climate change risk is a key goal for Australia's (re)insurance market.
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- May 4 2020
ICICI Lombard GI’s FY profit climbs 24%
The Indian giant showed discipline through reducing its crop book.
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- December 16 2019
China’s insurers see loss ratios rocket from swine fever
Payout ratios increase to 130% compared to 50-60% prior to the epidemic.
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- October 16 2019
China’s fast-growing agriculture market
The government-backed sector, however, needs to improve its risk management capabilities.
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- October 4 2019
China’s pork crisis
Response to swine fever epidemic must include modernisation of farming and bigger role for insurance.
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- August 22 2019
Thailand’s government agrees drought relief
The move to offer aid to rice farmers comes after the worst drought in a decade.
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- July 23 2019
Thailand looks to expand crop scheme
Fruit and dairy farmers could soon benefit from the government backed initiative.
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- May 27 2019
Philippines seeks to establish agriculture reinsurer
The Philippine Crop Insurance Corporation could become a reinsurer.