AM Best maintained its stable outlook for Indonesia's non-life insurance market, citing steady economic conditions, expanding premiums and new initiatives designed to fortify the sector's financial health.
At a session for the Securities and Exchange Commission of Pakistan (SECP) Talk Series on 'Inclusive Insurance: Global Insights', it was mentioned that Pakistan has significant potential to expand inclusive insurance coverage.
Agricultural insurance, as a specialised tool for managing agricultural risks, is undergoing significant changes under China's revised Agriculture Law. The current law essentially addresses the question of whether agricultural insurance exists. The revised law goes further, addressing how well it works, whether it is fair, and whether it is sustainable.
The Finance Ministry has said that agricultural insurance provides risk protection exceeding CNY5tn ($746bn) annually for hundreds of millions of farmers.
The Ministry of Finance has increased support for agricultural insurance under new regulations issued earlier this month, which revise a 2018 decree. The changes raise subsidies for agricultural insurance premiums, expands scope of insurance coverage that enjoys state subsidies and decentralise authority to local governments.
Losses suffered by Nepal's agriculture sector and livestock and poultry due to Bhotekoshi flash flood of 26 August 2026 could cross NPR2.11bn ($13.76m), according to a recent Rapid Damage and Needs Assessment (RDNA) report jointly prepared by the National Planning Commission and the National Disaster Risk Reduction and Management Authority (NDRRMA).
Agricultural insurance is emerging as an engine of growth for the national market, promoting diversification, investments, and essential coverage against climate risks.
Six Chinese government bodies, led by the Ministry of Agriculture and Rural Affairs, jointly issued an implementation plan on 7 September aimed at supporting insurance companies in enriching their product portfolios.
Peak Re has appointed Mr Nattakorn "Natt" Wattanaumphaipong as Head of Distribution and Partnerships and Mr Sanjiv Agarwal as Head of Operations.
Mauritania is preparing to adopt index-based agricultural insurance, following successful pilot initiatives across the Maghreb and West Africa-including Morocco, Mali, Burkina Faso, and Senegal.