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.
UK-based flood science specialist JBA Risk Management has launched a new updated version of its ground-breaking probabilistic India crop catastrophe model along with a range of additional support services for insurers and reinsurers covering the India crop schemes.
The Tanzania Insurance Regulatory Authority (TIRA) has released an outline of its strategic priorities for 2025/26-2026/27, including measures to strengthen regulation, expand coverage and support the insurance sector.
The rising frequency and severity of extreme weather events over the past decade, driven largely by climate change, have led insurers to withdraw or significantly limit coverage for vineyards.
Africa Reinsurance Corporation has launched a pioneering index-based livestock insurance (IBLI) and livestock risk management pilot programme in Nigeria.
Palestine-based Al Baraka Islamic Insurance Company has signed a cooperation agreement with the Ministry of Agriculture to implement a pilot agricultural insurance project.
Switzerland-headquartered Pula Advisors has launched the Agricultural Insurance Consortium of Ethiopia (AICE) to scale index-based insurance to 3m smallholder farmers by 2026.
The Turkish authorities are considering new rules that would require farmers in the same district to insure all plots of a specific crop, according to Mr Bekir Engurulu, general manager and a director of TARSIM, the state-backed Agricultural Insurance Pool.
A new study on agriculture insurance in China and its impact on the country's economy has revealed that agricultural insurance has a positive impact on the development of agricultural economy, with every one-unit increase in the contribution level of agricultural insurance leading to an 8.99% enhancement in the level of Chinese agricultural economy.