Azerbaijan - Work is underway on a mechanism of microinsurance systems
26.06.2019 698 views
The collection of premiums in the insurance sector has improved after the establishment of the Financial Market Supervisory Authority (FIMSA).
The statement has been made at a seminar for the media by the head of the FIMSA Insurance Activity Supervision Department Firdovsi Agashirinov.
Touching the question of strengthening of the insurance control mechanism, Department’s head stated that FIMSA is taking serious steps in this direction.
"In connection with the development of the insurance sector, a number of measures are being taken, and among them are development of agricultural insurance and the creation of a mechanism of agricultural insurance. In this regard, a model has already been defined, and the work of the Authority has been accelerated. Work is also underway on the creation of a mechanism of micro-insurance systems," said Agashirinov.
Source - http://abc.az
EVENTS
ScaleAgData Stakeholder Engagement Event
22.10.2024The ScaleAgData project is pleased to invite you to our second stakeholder event. Building on the discussions and connections formed during our first webinar, this event will focus on fostering collaboration among stakeholders, providing updates on our project’s progress, and outlining future opportunities for engagement.
RISK EVENTS
Moldova - May frosts caused heavy damage to fruit orchards
10.05.2026The first frosty nights of May have significantly worsened estimates of damage to Moldova's fruit sector from spring frosts. According to initial assessments by fruit market operators, between a quarter and a third of the country's total orchard area was seriously affected.
02.08.2026
USA - Lightning caused wildfire burns 100 acres causing thousands of dollars of crop loss
After an intense thunderstorm passed through eastern Idaho Thursday evening, sparking a fast-moving wildfire, fire crews have brought the blaze under control.
02.08.2026
Italy’s plum supply plunges after hail and heat wipe out up to 80% of crops
European plum buyers are facing tighter supplies and significantly higher prices after violent hailstorms, strong winds and extreme heat caused severe crop losses across several key production regions.
02.08.2026
India - Tripura launches first livestock insurance scheme; govt to bear 85% premium, cover up to Rs 50,000
Tripura has introduced its first-ever livestock insurance scheme, under which the government will bear 85 per cent of the premium cost, while livestock farmers will have to pay only the remaining 15 per cent, Animal Resources Development Minister Sudhangshu Das said.
02.08.2026
USA - Cyclospora Outbreak Tanks Lettuce Demand and Forces Crop Destruction
A nationwide cyclospora outbreak has severely reduced American consumer demand for fresh greens, forcing some major agricultural producers to destroy healthy crops while driving a surge in business for small local farms as thousands fall ill across the country.
02.08.2026
Hanover losses spotlighted in Lloyd’s study on Caribbean insurance gaps
A study commissioned by Lloyd’s, the London-based insurance and reinsurance marketplace, found that farmers, fishers and tourism workers in three hurricane-exposed Caribbean countries — Jamaica, Barbados and Grenada — are left to replace lost boats, crops, livestock and equipment themselves because they lack insurance.
02.08.2026
French wine industry could face struggle after fire damage ruins crops
Wildfires in France have caused damage to homes, businesses and forests, and now they threaten to damage the French wine industry.
30.07.2026
Half of England declared in drought as insurers face exposure beyond subsidence
Record payouts, repeat drought conditions and ageing housing stock are reshaping how property insurers approach renewal risk.
30.07.2026
India - Poor rainfall, white grub infestation threaten sugarcane crop across Dharmapuri
Farmers fear heavy crop losses as drought and white grub attacks dry up and rot sugarcane fields, prompting demands for pest-resistant, drought-tolerant varieties.
