Government opens up agricultural insuranceUnder the Insurance Commission (IC)’s Circular Letter 2021-60, non-life insurers can file proposals on how they can extend insurance services to agricultural stakeholders. MANILA, Philippines — The government has started opening up agricultural insurance to the private sector by inviting non-life insurers to explore opportunities in the farm sector. Under the Insurance Commission (IC)’s Circular Letter 2021-60, non-life insurers can file proposals on how they can extend insurance services to agricultural stakeholders. Non-life insurers interested in taking part in the regulatory sandbox piloting agricultural insurance should submit a formal proposal to the IC. The filing should contain full details of the partner firm and its experience in agricultural insurance.

Source: Philippine Star October 24, 2021 03:51 UTC