Beitrag von ELEMENT Insurance AG

The agricultural insurance landscape is evolving at an unprecedented pace. MGAs have taken the lead in reshaping the intermediated market, driving a wave of transformation across the industry. Discover how Farmsure Underwriters, a trailblazer in the field, is teaming up with INSTANDA to conquer challenges and propel growth. Read how our collaboration is reshaping distribution models, boosting underwriting capacity, and more in our latest case study >> https://lnkd.in/eV9vEQ6m #InsuranceInnovation #Insurtech #Insurance #TechTransformation #InsuranceTechnology #AgriculturalInsurance

The Government of the Philippines is seeking to reform agricultural insurance, specifically by increasing its cost-effectiveness, value for money, and penetration. This policy note was prepared as part of the World Bank’s technical assistance to the Philippines and offers a roadmap for reforming the provision of agricultural insurance along sound market-based principles. It is now made available to policymakers and interested practitioners. The note sits alongside a comprehensive technical report, “Reforming Agricultural Insurance in the Philippines – Review and Roadmap: Technical Report and Recommendations.” Which details the background, conclusions, and recommendations of the exercise and is intended for technical practitioners from the government. The document will be shared in the next post. Please see the policy note here or via this link: https://lnkd.in/dbyBExu9 The study has been funded by SEADRIF program Multi-Donor Trust Fund with a contribution from the Ministry of Finance of Japan.

I attended the last #microinsurancemasters call where Agric Insurance was discussed. My 4 takeaways from the session: 1. If the FARMER does not benefit from it, the scheme will not be sustainable. 2. The success of any Agric Insurance scheme should not be measured by just the profitability of the stakeholders like the insurer, reinsurer, aggregators. If the FARMER is not making profit, the whole essence is defeated. 3. Insurance should NOT be a standalone service in Agric Insurance. It should be a comprehensive solution inclusive of other services. 4. Calibrating the products to make them affordable to the FARMERS should be balanced with the eligibility for claims payments and the size of claims payouts for the programme to make sense or be of any TANGIBLE VALUE to the FARMER. Helen Osore JAMES PAPA Shubasish Barua Cert CII(UK) Wycliffe Kiplagat thanks for sharing your practical knowledge and experience with us, and thanks Bert Opdebeeck as always for putting this together, it was quite insightful. #agriculture #agriculturalinsurance #inclusiveinsurance #microinsurance #microinsurancemaster

PULA been making significant strides in improving small-holder farmers' access to agricultural insurance in emerging markets. With a recent $20 million series B investment, the company is set to form new agreements, including those for livestock coverage. So far the company has helped 15.4 million farmers in Latin America, Africa, and Asia obtain insurance and bounce back from low yields. Pula received the investment from Hesabu Capital, the Bill & Melinda Gates Foundation, the IFC - International Finance Corporation and current investors, who all participated in the round through their $225 million venture capital platform. With this new funding, the company is looking to further assist farmers in these regions and make their lives better specially in Mozambique. #AgriculturalInsurance #SmallHolderFarmers #EmergingMarkets #FarmersInsurance #Insurtech #Africa #Asia #Investment # #LivestockCoverage

Change is sweeping through Canada's agricultural sector, but is insurance adapting? Explore insights from First Acre Insurance CEO Robin Shufelt on how evolving farm dynamics are impacting insurance needs. https://hubs.la/Q02kVHgb0 #Agribusiness #InsuranceTrends #IndustryEvolution #FirstAcreInsurance

Excited to announce the publication of my article on revolutionizing agricultural insurance in IBAI's IBroker magazine! Grab your copy of IBroker now to explore PMFBY's journey and SATHI's vision for tomorrow. #AgriculturalInsurance #PMFBY #SATHI #IBrokerMagazine #InsuranceInnovation

“…The Community of Practices is a peer-to-peer learning platform, under the “Financial Resilience on Agriculture” initiative, which is led by UNDP’s “Insurance and Risk Finance Facility” (IRFF). It supports the development of innovative insurance products and services aimed towards vulnerable people and communities whileinvesting in the long-term transformation of insurance markets. The main purpose of participation in the meeting of the Community of Practice and the international conference on agricultural insurance and agrifinance is the opportunity to exchange experience between participating countries, as well as study international best practices in the sustainable development of the agricultural insurance market…”

The area under agricultural insurance in 2023 increased by 73% According to the National Union of Agricultural Insurers (NUA), the size of insured areas in the country by the beginning of October amounted to 7,5 million hectares. This is on... https://lnkd.in/eK-bAXrA

The area under agricultural insurance in 2023 increased by 73% According to the National Union of Agricultural Insurers (NUA), the size of insured areas in the country by the beginning of October amounted to 7,5 million hectares. This is on... https://lnkd.in/esDE2x79

Attended an enriching seminar on the insurance sector organized by NISM. The seminar covered different types of insurance available, including those related to the agricultural sectors and warehousing. It was quite insightful and helped me expand my knowledge base. #insurance #agriculture #NISM