The SAFCO Microfinance Company and Asia Insurance Company have signed a service level agreement to launch a bundled livestock protection and social benefit programme in the country.
A high-level economic reforms committee formed by the Nepalese government has suggested that the insurance premium should be determined by the market in a competitive manner.
The UNDP with the General Insurance Association of Indonesia (AAUI) has launched the Agricultural Insurance Roadmap 2025-2030 to improve risk financing and inclusiveness for smallholder farmers.
These are the updates on insurance regulation across China this week.
On March 3, the National Financial Regulatory Administration (NFRA) announced China's agricultural insurance premium income reached approximately CNY150bn ($20.64bn) in 2024, providing over CNY5tn in risk protection. This makes China the world's largest agricultural insurance market by premium size.
The central authorities have issued a notice advising that they would reduce subsidy rates relating to agricultural insurance premiums in major grain-producing counties.
The risk transfer solution, backed by the Natural Disaster Fund (NDF) and in partnership with Bao Minh Insurance Corporation, provides timely relief to coffee growers affected by drought.
The Philippine Crop Insurance Corp. (PCIC) has partnered with G-Xchange to allow farmers to receive indemnity payouts directly through GCash.
Pakistan's fertiliser company Fauji Fertilizer Company (FFC) and Adamjee Insurance Company have reached an understanding about launching a comprehensive crop protection insurance initiative.