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.
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.
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.
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.
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.
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.
The volume of insurance payments made for cotton fields in Azerbaijan has exceeded 2.5 million manat ($1.47 million) in the last three years. The Agricultural Insurance Fund insures nearly 25,000 hectares of cotton fields.
In a heartbreaking turn for farmers and food lovers alike, extreme storms in France's Tarn region have decimated this year's harvest of Lautrec pink garlic — a prized crop with protected status and deep cultural roots.
Armenia is now considering two models — the world’s two best examples are the Spanish Agroseguro model and the Turkish TARSIM model, which in fact was largely inspired by the Spanish one.
Hub International Limited (HUB) has introduced a new livestock insurance program in Canada, expanding its agribusiness portfolio with tailored coverage for farm animal risks.
In Europe, the climate crisis is a key issue for chestnuts. Much depends on size in Italy. In 2024, the country’s exports hit a record.
The French wine industry, the most lucrative in the world, is supported by numerous insurance brokers that specialise in risk managing and providing coverages for wineries and vineyards.
House Speaker Faustino “Bojie” Dy III tells the agricultural sector that the chamber under his leadership will back a better crop insurance system, aside from the provision of zero-interest loans for farmers.
This August has been a nightmare for the local farmers. It ended up burning more than 20,000 hectares (49,000 acres) of land and causing thousands of people to be evacuated from villages in this farming-heavy corner of north-western Spain, near the Portuguese border.
The Azerbaijan Agricultural Insurance Fund has made insurance payouts for damages to tobacco fields for the first time. Hail and flooding affected approximately 130 hectares of insured crops. Following farmers' claims, independent agricultural insurance experts were sent to the farms to assess the damage.
Philippines Congress is likely to consider a request from the government to double the crop insurance subsidy it pays to the country's farmers to PHP8bn in 2026 so that it covers up to 4.2m farmers. According to a news report on the news portal https://bilyonaryo.com most of these farmers are rice growers.