Azerbaijan - Work is underway on a mechanism of microinsurance systems
26.06.2019 852 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.
10.11.2026
Pakistan Expands Digital Agricultural Lending and Insurance Support for Small Farmers
The State Bank-led initiative combines collateral-free loans, digitised land records, warehouse financing, crop insurance and risk-sharing measures to widen formal credit access for underserved farmers across the country.
10.11.2026
India - Twin storms wipe out 4.61 lakh hectares of Andhra crops
Recent cyclones ‘Arnab’ and ‘Murasu’ damaged agricultural crops across 4,61,194 hectares in Andhra Pradesh, officials confirmed on Tuesday.
10.11.2026
Australia - Farm fire at Notts Well destroys harvester, causes $65,000 damage
A Mid Murray farmer faces a fight to bring in his best crop in years as harvest season gets underway.
10.11.2026
China trials harvesting robots for greenhouse asparagus
Greenhouse asparagus cultivation in Lianshui County, Jiangsu Province, China, covers more than 1,333 hectares, with annual harvests of 50,000 tons valued at over 1 billion yuan (US$150 million). The county accounts for approximately 30 per cent of China's greenhouse-grown asparagus output.
10.11.2026
U.S. blueberry growers face higher labor and replanting costs
Blueberry growers in West Michigan are preparing for higher labor costs in 2027 as the minimum wage is set to increase to US$15 per hour.
10.11.2026
India - Government Provides Subsidy on Agricultural and Livestock Insurance Premiums
To minimize economic losses from natural disasters, diseases, and other risks in agriculture and livestock business, the government has been implementing a system of providing subsidies on insurance premiums. For this, the government itself is providing up to 80 percent subsidy on insurance premiums.
09.11.2026
USA - Modernizing crop insurance to strengthen agricultural resilience
American agriculture stands at a turning point. Increasingly severe weather and water risks are driving billions in losses — more than $20 billion in 2024 alone — increasing farmers’ financial exposure and an urgent need for more adaptive insurance solutions.
09.11.2026
Afghanistan - Greenhouse expansion raises concerns over soil, environmental damage
While greenhouses help boost agricultural production and meet market demand, experts warn that the excessive or unbalanced use of chemical fertilisers, water shortages and improper disposal of agricultural plastics can damage soil fertility and the environment.
