Agriculture Insurance in India: Co-ordinating the Efforts of a Dozen Stakeholders (and Counting)

In 2016, the Government of India introduced the Pradhan Mantri Fasal Bima Yojana (PMFBY), also known as the Prime Minister Crop Insurance Scheme, in a herculean effort to protect nearly 40 million farmers nationwide against agriculture production risks. (To learn…

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Cultivating New Insurance Markets in Emerging Asia

In November 2017, government agencies, regulatory bodies, financial institutions and technology companies around the world gathered in Manila for the 2nd Asia Finance Forum to discuss applications of financial technologies (FinTech for short) in achieving sustainable development goals.   Indeed,…

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Indonesia: Liquidity Relief in the Aftermath of an Earthquake

Located on the Pacific Ring of Fire, Indonesia is one of the most seismically active regions globally. According to International Financial Corporation (IFC), some 12 million individuals in the country are currently exposed to seismic hazards, representing a total economic…

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