Mr Wang He, Vice President of PICC Property and Casualty, has named development and innovation in agricultural insurance as a hot topic in China's non-life sector.
The lack of insurance is one of the constraints that can hinder the development of the Moroccan aquaculture sector, which is exposed to risks related to climatic hazards, according to a joint study by government agencies.
The China Agriculture Insurance Reinsurance Community (CAIRC) currently has an underwriting capacity of CNY360 billion (US$55 billion), 40% higher than when it was established in November 2014.
The Council of Agriculture (COA) plans to ditch a requirement that farmers should possess a minimum area of farmland to be eligible for farmers' insurance.
The Moroccan government is starting an insurance experiment in using a parametric trigger or index-based insurance.
Coverage by TARSIM, Turkey's agricultural insurance pool, has increased to 20% today from 0.5% previous to the establishment of the pool in 2005, on the back of strong state support.
Farm insurer, MAMDA (Mutuelle Agricole Marocaine d'Assurance), has widened its range of insurance products for the agricultural world to aquaculture and the coverage of aquaculture livestock.
The modernisation of the agricultural sector will have to be supported by agricultural insurance, the Minister for Agriculture, Rural Development and Fisheries, Abdelkader Bouazghi, has pointed out.
The Capital Market Authority (CMA) will launch agricultural insurance in Oman today that helps protect farmers against risks and maintain good levels of production.
Sompo Japan Insurance and government-run Myanmar Insurance are working to adopt a crop insurance system based on climatic conditions, Deputy Minister for Agriculture, Livestock and Irrigation Hla Kyaw told a parliamentary session of the Upper House.