The objective of the project was to introduce new weather insurance products in the Chinese market as an alternative to the regular multi-peril crop insurance schemes in place, in order to make insurance more accessible to smaller farmers in remote rural areas who could not afford insurance products without the generous support of Government of China subsidies of up to 80 per cent of the premium
The objective of the project was to introduce new weather insurance products in the Chinese market as an alternative to the regular multi-peril crop insurance schemes in place, in order to make insurance more accessible to smaller farmers in remote rural areas who could not afford insurance products without the generous support of Government of China subsidies of up to 80 per cent of the premium