A Munich Re-backed parametric insurance program for Bolivian soybean farmers uses a crop yield index from Praedictus Climate Solutions.

Microinsurance consortium Blue Marble has announced a new parametric insurance program covering coffee farmers in the Ivory Coast against weather risks in collaboration with Nestlé brand Nescafé.

A parametric insurance program covering coffee farmers in Vietnam against climate risks is set to be scaled up in a project led by WTW.

Munich Re has partnered with agriculture data startup Ceres AI and service provider Servisur Agricola to provide parametric weather insurance to soybean farmers in Bolivia.

Lockton Re has announced a partnership with Verisk to use its risk models for agriculture (re)insurance, including developing new parametric products.

Asia is a leading provider of key crops such as rice and wheat but insurance availability across the continent is struggling to keep pace with rising exposures.

The US Department of Agriculture (USDA) is paying more than $143mn in parametric insurance claims to Florida agriculture producers affected by Hurricane Milton in October.

Heavy rainfall in Myanmar has triggered payouts to paddy farmers under a parametric weather insurance scheme.

Expansive MGA Rokstone has bolstered its UK farm and agriculture specialist unit – iFarm Underwriting – with two senior underwriting appointments.

Charlotte Belin has joined Liberty Mutual Re as a senior underwriter for agriculture and parametrics, based in Paris.

Axis Re’s Simon Marks discusses the company's proprietary modelling capabilities and integrated underwriting approach to agriculture reinsurance, and how these technical investments are reshaping risk assessment in an increasingly complex market.

The government of Ghana has purchased insurance from the African Risk Capacity (ARC) for the first time, covering drought risks.

Start-up AIR Parametric, Liberty Mutual Reinsurance (LM Re) and Guy Carpenter have announced a parametric insurance product called Milkshake to protect US dairy producers from reduced yield due to heat stress.

Land Bank Insurance Company (LBIC) and parametric specialist CelsiusPro have announced a pilot drought insurance scheme for crop and livestock farmers in South Africa.

Several farms in China have received parametric insurance payouts after Typhoon Bebinca made landfall last month, according to local media.