Line of business: Agriculture Page 4 / 5
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- October 29 2021
ICA declares catastrophe as South Australia hit by severe storms
Over 12,000 claims have already been filed with the number expected to rise and "substantial" crop losses expected.
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- October 19 2021
Anxin Agricultural Insurance faces high geographic, product risks: Moody’s
A high geographic concentration around Shanghai offsets some of the insurer's strengths, the rating agency said.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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- September 23 2021
Sompo to buy Italian crop insurer
The acquisition of ARA 1857 is expected to close in Q1 2022.
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- September 21 2021
New Zealand’s FMG appoints Suncorp exec as CEO
Adam Heath is set to start on December 20 and is replacing outgoing chief executive Chris Black.
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- September 1 2021
Harnessing tech to close APAC’s agriculture protection gap
APAC faces a significant agriculture protection gap with only around 15% of economic losses across the region insured.
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- August 16 2021
Nepal’s Himalayan General and Sagarmatha to merge: report
If the deal goes ahead it could create the country's largest insurance firm.
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- August 12 2021
Asia’s forestry rates harden as capacity squeezed
Australia saw price hikes of 100-150% after fires generated insured losses of A$300m in 2020.
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- August 10 2021
Former Lockton director sets up APAC agriculture broker
Stephane Baldanoff has established a Melbourne-headquartered start-up.
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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.
