The damages that the flooding in Murcia and other parts of southern Spain has caused have not been fully evaluated yet, but attempts are being made to do so. The first estimates issued by the Consortium of Insurance Compensation (CCS) are that 30,000 claimants will be entitled to pay-outs of totalling to about 190 million euros.
Hail claims on the Prairies are tracking similar to last year with Saskatchewan farmers reporting the most damage so far. However, there are still six weeks or so that could result in hail storms, leading Canadian Crop Hail Association president Rick Omelchenko to speculate that final numbers could be higher.
Agriculture insurance in the country remains low, despite the sector accounting for a third of Kenya’s annual economic output, according to the Association of Kenya Insurers (AKI). AKI senior manager Birian Akwir attributed this to lack of commitment by the government and low development of digital products.
A new cattle insurance scheme based on a digital health tracking system was rolled out jointly by Phoenix Insurance and ShurjoMukhi Ltd. The product, Shurjomukhi Pranisheba, will ensure prevent inbreeding, early detection of health disorders, monitoring of calves and continuous measurement of temperature, officials said.
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