Reinsurance News
agricultural reinsurance
Reinsurance, cat bonds, and mutual risk pools vital to Europe’s food security: Howden
20th May 2025
A new report from Howden has revealed that the European agriculture sector loses an average of €28 billion annually due to adverse weather, with farmers bearing 70–80% of all weather-related farm losses, highlighting a significant insurance protection gap. According to Howden, drought is responsible for over half of total agricultural losses ... Read the full article
LM Re launches parametric agriculture product for Colombian farmers
19th May 2025
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual Insurance Group, has partnered with XS Latam and SFA CEBAR to launch a parametric agriculture product designed to financially protect Colombian farmers against adverse climatic conditions. The product leverages the expertise of Floodbase and EarthDaily—a parametric flood platform providing advanced ... Read the full article
IDF members launch insurance solution for horticulture farmers in Uzbekistan
4th April 2025
Members of the Insurance Development Forum (IDF), Europa RE, Swiss Re, and the United Nations Development Programme (UNDP), with support from BMZ through the InsuResilience Solutions Fund (ISF), have launched a new agricultural insurance solution tailored for smallholder horticulture farmers in Uzbekistan in the context of the Tripartite Agreement Programme. The ... Read the full article
ARC urges innovative financing solutions for African farmers amid challenges
30th May 2024
The need for innovative financing mechanisms for Africa's farmers is becoming increasingly urgent as the continent faces challenges such as climate change, low productivity, and conflict, according to African Risk Capacity (ARC). At the 10th African Regional Forum on Sustainable Development (ARFSD), experts urged policymakers to assess farmers' needs and improve ... Read the full article
Diversification & tech key positives for investing in Indian re/insurance market: Kshema
30th January 2024
In a recent interview, Natraj Nukala, Founder of Kshema, the fully digitally powered Indian agricultural insurer, explained to Reinsurance News how the company is taking advantage of a capacity shortfall and leveraging advanced technology to bring vital insurance solutions to those in need. “There is a lot of reinsurance supporting India ... Read the full article
Pakistani regulator recommends agri insurance pool could act as risk aggregator: Business Recorder
29th December 2023
The Securities and Exchange Commission of Pakistan (SECP), a financial regulatory agency in Pakistan, has recommended that an agricultural insurance pool could act as a risk aggregator, providing farmers and herders with affordable and effective agricultural insurance, according to a Business Recorder report. A recent report from the SECP on crop ... Read the full article
Aon partners with AfDB and Amini to support farmers in Africa
5th December 2023
Aon, the global re/insurance broker, has collaborated with the African Development Bank (AfDB), Africa’s premier development finance institution, and Amini, an innovator in space technology and artificial intelligence, to increase crop insurance capacity across Africa, support smallholder farmers’ resilience and accelerate the use of nature positive practices. The additional anticipated benefits ... Read the full article
Untapped potential in Africa’s agricultural insurance market: Faber
2nd June 2023
Africa’s agricultural insurance market has a large untapped potential for non-life insurers due to its low penetration and it is key to advancing food production security in the continent, according to the latest edition of the Africa Insurance Pulse on food security and agricultural insurance. The global agricultural insurance market has ... Read the full article
India’s property cat pricing sees significant uplift at April renewal: Aon
12th April 2023
India's property catastrophe pricing increased by double digits at this April's renewal, a significant uplift for the market by historical standards, and higher than those seen in Japan, suggests Aon. Aon's analysts explain that April is the main renewal for India, as it sees a vast amount of the country’s P&C ... Read the full article
The biodiversity crisis is driving a need for reinsurers to better assess related risks: MSCI
31st March 2023
MSCI's Vice President of research Arne Philipp Klug has published a report on the importance of making biodiversity crisis a part of the underwriting process. Klug along with Cody Dong, Senior Associate at MSCI Research, has established a link between biodiversity loss and higher underwriting risks. This relationship is evident ... Read the full article
Ceres Imaging releases AI data analytics suite for agri re/insurers
13th March 2023
Ceres Imaging, a data analytics company that builds AI-driven solutions to protect yields and advance climate resiliency, has released its Risk Solutions product suite, designed to power risk models for agriculture re/insurers and lenders. The new product aims to streamline underwriting and improve claims responsiveness, using Ceres data models that analyse ... Read the full article
Biotech start-up Aanika agrees parametric deal with US crop specialist
9th January 2023
Biotechnology start-up Aanika Biosciences has entered into a parametric food insurance agreement with Satur Farms, a specialty crop producer with operations in New York and Arizona. Aanika will bundle its technology for tracing fresh produce with a novel parametric food recall and contamination insurance policy, which should enable Satur to obtain ... Read the full article
Rokstone Agriculture acquires specialist team to launch new Farm & Ranch Division
30th November 2022
Rokstone Agriculture Risk Underwriters, the US Agriculture division of the international speciality re/insurance MGA, Rokstone, has acquired senior underwriters Joshua Lauth and Michael Theibert to launch a new specialist Farm and Ranch division based in Ohio. Joshua Lauth, who has been appointed President, was previously Agribusiness Region Leader at Westfield. During ... Read the full article
Interview: Why should crop insurance lag on market penetration?
23rd August 2022
It would not be remiss to think that a product that transfers risk from farmers to insurers would be an easier sell, given that the former are less able to handle risk than the latter. Likewise, it should be an easy sell for a product that stabilises the incomes of ... Read the full article
EU could add up to €9.3 billion to farmers annual incomes with “climate-smart actions”
20th June 2022
The EU could add between €1.9bn and €9.3 billion annually to farmers’ incomes if farmers are supported in taking "climate-smart actions", according to a survey by the EU Carbon+ Farming Coalition. Other benefits would include reducing its agricultural greenhouse gas emissions by an estimated 6%, and restoring soil health of over ... Read the full article
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