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RMS adds agricultural risk models for India and China

Risk modelling and analytics specialists RMS has announced an expansion of its offering with the addition of new India and China agricultural risk models and plans to expand coverage of its agricultural models across Asia-Pacific and the Americas.RMS sees the expansion of agricultural risk models as a core element of read the full article →

Climate Corporation to be acquired by Monsanto for around $1 billion

A technology focused weather insurance firm that Artemis first covered in 2008 has been purchased by agricultural giant Monsanto for around $1 billion. The Climate Corporation, formerly Weatherbill, has grown from an online weather insurance provider into a major player in crop insurance.Monsanto Company announced that it has signed a read the full article →

Emerging market agricultural insurance premiums set to grow fourfold by 2025

The latest sigma report published by reinsurer Swiss Re discusses the issue of agricultural insurance and reinsurance in emerging markets and suggests that premiums are set to grow fourfold over the next decade or so. Currently the emerging economies of the world make up around 22% of global agricultural insurance read the full article →

Climate Corporation pay out on 80% of corn crop weather insurance policies

The Climate Corporation (TCC), a provider of weather insurance products aimed at the agriculture industry, has announced some updates to their Total Weather Insurance (TWI) product for 2013. As well as the product update information, The Climate Corporation have provided some insight into just how bad the drought of 2012 read the full article →

Climate Corporation introduces next generation Total Weather Insurance™ 2012

The Climate Corporation has announced the launch of their Total Weather Insurance™ product for 2012. The revamped crop weather insurance product features next-generation weather monitoring, with over 800,000 rainfall measurement grid areas across the U.S., industry leading soil moisture tracking and location specific yield assessment.The Climate Corporation, previously known as read the full article →

ICICI Lombard launch new weather risk pilot in India

ICICI Lombard, the Indian insurer who have championed weather risk protection on a microinsurance basis, are launching yet another pilot scheme aimed to help rural farmers.The company have been cleared to provide insurance for farmers rice paddies in Haryana (a state in the north of India) to protect them against read the full article →

Caribbean Catastrophe Risk Insurance Facility could indirectly provide crop insurance

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is doing a good job of providing governments of the Caribbean with certainty that they will receive payments should storms or hurricanes above a certain magnitude hit their islands. It also see's itself as a potential source of agricultural crop weather insurance.It's unlikely read the full article →