China Pacific Insurance (CPIC) recently completed the payout of the nation's first insurance claim covering seed production for a newly developed crop variety.
Philippine life insurer Sun Life Grepa and rural bank Top Bank Philippines have signed a partnership agreement to provide financial solutions to micro, small and medium enterprises (MSMEs), agri-professionals, and other group clients.
The increasing frequency and severity of hailstorms mean it is now a significant threat to farmers in South Africa, as well as business and food systems.
Bear encounters have become an almost daily occurrence in Japan, worrying residents, travellers and farmers, and disrupting outdoor leisure businesses.
PICC has introduced a new catastrophe-risk model for China's livestock sector, aiming to improve underwriting accuracy in an industry exposed to animal disease and natural-disaster losses.
Filipino farmers have received an initial insurance payout of around PHP571.3m (US?$9.67?m) from the country's Crop Insurance Corporation to accelerate recovery from the effects of recent storms, Fung-wong and Kalmaegi.
The ministry of agriculture has made it mandatory for dairy farmers in the country to purchase cattle insurance from 1 January 2026, with the government subsidising half of the insurance premium, reported the Taipei Times
The Rwandan government has outlined new priorities to increase financial support for farmers, cooperatives, and small and medium-sized enterprises engaged in green agriculture under the Fifth Strategic Plan for Agriculture Transformation.
Philippines Congress is likely to consider a request from the government to double the crop insurance subsidy it pays to the country's farmers to PHP8bn in 2026 so that it covers up to 4.2m farmers. According to a news report on the news portal https://bilyonaryo.com most of these farmers are rice growers.
These are the updates on insurance regulatory developments in China.