crop insurance

Risk modeller AIR Worldwide have launched a new crop weather insurance model for China today. The new model is being hailed as the industry’s first Multiple Peril Crop Insurance (MPCI) Model for China and provides a fully probabilistic approach for determining losses to China’s main crops: corn, cotton, rapeseed, rice, soybeans, and wheat.

Allianz Reinsurance have announced a new technology based approach to crop insurance that they have been working on. In cooperation with software company Sarmap, who specialise in finding ways to better manage earths resources, they have developed radar-based remote sensing software which will not only allow measurement of biomass growth, but also monitors and measures […]

Weatherbill, the weather insurance specialists who offer a number of products such as their RainCheck insurance, have announced that they have expanded their Total Weather Insurance products coverage to include cover for the 2012 winter wheat crop. To date the Total Weather Insurance program only offered the U.S. agriculture industry cover for weather damage to […]

France is currently in the middle of the worst drought the country has faced in the last 50 years according to the French weather agency Météo France. The dry period has surpassed the 1976 heat and drought period and experts say as bad as 2003 when thousands died in a heatwave in high summer.

With farmers in Kenya increasingly fearing large weather-related losses to their crops and livestock, and the access to weather data and infrastructure improving, the Kilimo Salama crop weather insurance program launched by UAP Insurance, Syngenta Foundation and mobile operator Safaricom is going to expand in scope and availability.

ICICI Lombard has got the go ahead to expand the reach of its index-based crop weather insurance program for farmers in India. The insurer has been given the mandate to provide weather based crop insurance for the 2010-2011 Rabi season (one of the two crop cultivation seasons in India) to eight new states; Madhya Pradesh, […]

WeatherBill, the weather insurance specialists who offer a number of products such as their RainCheck insurance, have launched a new product offering what they call Total Weather Insurance™ to the U.S. agriculture industry. Available for the 2011 crop year the new product is said to offer unprecedented protection for farmers profits.

New, different approaches to microinsurance for farmers are appearing at an increasing speed with the Philippines seemingly being one of the markets where innovative attempts to create affordable, index-linked agricultural insurance are happening.

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 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.