NEWS
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News
20.10.2025

Serbia fruit harvest drops after frost and drought

Frosts and droughts have caused severe damage to fruit and vegetable crops in Serbia this year, raising concerns for growers and traders. Farmers are requesting government support to help recover from losses

20.10.2025

Armenia - Hail in Ararat Province Damages Crops in 20 Villages

The hail that hit Ararat Province yesterday damaged crops in about 20 villages. A special commission has been created in connection with the consequences of the hail that hit Ararat Province. The main damage was caused to 7-8 villages, but overall damage was recorded in about 20 villages.

20.10.2025

Agricultural insurance boosts China’s farm output by 8.99%

Agricultural insurance has helped boost China's agricultural economy, with each one-unit increase in insurance contribution linked to an 8.99% rise in agricultural development. The impact is especially strong in China’s eastern provinces.

20.10.2025

India - NIDM explores GIS, AI for disaster risk assessment, crop insurance

The National Institute of Disaster Management (NIDM) is exploring the use of GIS, artificial intelligence (AI), and machine learning for improving disaster risk assessment and crop insurance

20.10.2025

South Africa - New area-yield index insurance helps farmers tackle climate risks

Land Bank Insurance Company has expanded its pilot “index insurance” product with the introduction of Area-Yield Index Insurance (AYII), designed to help farmers manage financial losses caused by large-scale climatic and environmental risks.

20.10.2025

Ethiopia - Agricultural Insurance Consortium aims to protect 3 million farmers by 2026

In a landmark move to strengthen the resilience of Ethiopian agriculture, the Ethiopian Agricultural Insurance Consortium (AICE) was officially launched, pledging to extend insurance coverage to 3 million smallholder farmers by 2026. This initiative aims to shield farmers from climate-related risks and foster a more investment-friendly agricultural sector.

20.10.2025

Egypt - farmers harvest wheat amid lure of more profit from other crops

Government offers premium prices for staple of the national diet, but the private sector does the same for crops such as potatoes

20.10.2025

Romania - Agra Asigurari launches the 2025-2026 agricultural season with solutions for unpredictable climate

Agra Asigurari, the national leader in agricultural insurance, is launching the new sales season for the 2025-2026 farming year. The announcement comes at a challenging time for Romanian farmers, marked by the intensification of extreme weather events, which are affecting crops earlier and earlier, causing considerable losses for farmers.

19.10.2025

Philippine agriculture chief urges P8 billion boost in crop insurance funds

The government’s current subsidy for the Philippine Crop Insurance Corporation (PCIC) is not keeping up with farmers’ needs. While 2.3 million farmers are presently covered – including 1.25 million rice producers – the existing P4.5 billion allocation limits coverage to a maximum of P20,000 per hectare, only a third of the estimated P60,000 cost of rice production.

19.10.2025

Nepal - Insurance Authority conducts interaction on agriculture, livestock and herbs insurance

The Insurance Authority of Nepal (BEE) has organized a discussion and interaction program with the representatives of the insurance companies on agriculture, livestock and medicinal herbs insurance. The programme was held at the central office of NRA, Kupandole, Lalitpur.

19.10.2025

Asia-Pacific leads livestock insurance market with 39.7% share

Asia-Pacific dominated the global livestock insurance market with a 39.7% share in 2024. Globally, the market is projected to grow from $4.5b in 2025 to $8.5b by 2034, posting a CAGR of 7.4%, according to recent industry data. The market was valued at $4.2b in 2024.

19.10.2025

India - Crop Insurance Scam: Rs 122 Cr Fraud in Rajasthan

A massive crop insurance scam worth around Rs 122 crore has been uncovered under the Pradhan Mantri Fasal Bima Yojana (PMFBY) after it was found that claims of over 1.7 lakh farmers were shown as "zero" despite crop damage.

19.10.2025

Africa Re launches Index-Based Livestock Insurance product in Nigeria

Africa Re, in collaboration with the Livestock Productivity and Resilience Support Project (L-PRES), a consortium of insurance providers, and development partners, has launched an Index-Based Livestock Insurance (IBLI) product in Nigeria.

19.10.2025

India - ₹656.62 cr. crop insurance claims released for farmers in Kalaburagi, Karnataka

Rural Development and Panchayat Raj Minister Priyank Kharge has said that the State government has released ₹656.62 crore crop insurance claims for crops damaged during 2024-25 kharif season in Kalaburagi district.

19.10.2025

Canada - Good time to consider government support for private crop insurance

Farmers and their organizations regularly call for improvements in business risk management programs, the farm safety nets that include AgriInsurance (crop insurance) and AgriStability. One way to do that may be allowing government support for private insurance products.

19.10.2025

Freedom Holding Corp. Offers Advanced Crop Insurance In Kazakhstan

Freedom Insurance, part of the Freedom Holding Corp., has launched an AI-powered crop insurance product that helps farmers protect their harvests from extreme weather conditions.

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