Agri insurance news

Here are some recent news articles and updates on agricultural insurance:

Global Agricultural Insurance Market

• According to a report by Grand View Research, the global agricultural insurance market is expected to reach USD 34.6 billion by 2025, growing at a CAGR of 6.8% during the forecast period. (Source: Grand View Research)
• The report highlights the increasing adoption of precision agriculture and IoT technology in farming, which is driving the demand for agricultural insurance. (Source: Insurance Business Magazine)

Crop Insurance in the United States

• The US Department of Agriculture (USDA) has announced that the 2022 crop insurance program will provide coverage for over 120 million acres of farmland, with a total value of over $100 billion. (Source: USDA)
• The USDA has also introduced new crop insurance products, including the "Whole Farm Revenue Protection" policy, which provides coverage for whole farm revenue rather than individual crops. (Source: Farm Futures)

Drought Insurance in Australia

• The Australian government has launched a new drought insurance program, which provides financial support to farmers affected by drought. (Source: ABC News)
• The program, called the "Drought Support Package", will provide up to AUD 1 million in financial support to eligible farmers. (Source: The Australian)

Agricultural Insurance in India

• The Indian government has launched a new agricultural insurance scheme, called the "Pradhan Mantri Fasal Bima Yojana" (PMFBY), which provides coverage for crops such as rice, wheat, and cotton. (Source: The Hindu)
• The scheme aims to provide financial support to farmers in the event of crop failure or damage due to natural disasters. (Source: Business Standard)

Reinsurance for Agricultural Risks

• The reinsurance company, Swiss Re, has launched a new agricultural insurance product, called "AgriRe", which provides coverage for agricultural risks such as crop failure and livestock disease. (Source: Swiss Re)
• The product is designed to help agricultural insurers manage their risk exposure and provide financial support to farmers in the event of a loss. (Source: Insurance Journal)

Technology and Agricultural Insurance

• A new startup, called "FarmLogs", has developed an agricultural insurance platform that uses machine learning and IoT technology to provide real-time crop monitoring and insurance coverage. (Source: Forbes)
• The platform aims to provide farmers with more accurate and timely insurance coverage, and to help insurers better manage their risk exposure. (Source: Insurance Business Magazine)

These are just a few examples of recent news articles and updates on agricultural insurance. If you're interested in learning more, I'd be happy to provide additional information or resources.