Exuding a wave of fresh optimism for the agricultural and green sectors, Finance Minister Arkhom Termpittayapaisith has floated a revolutionary proposal – the launch of insurance for high-value fruits. A measure aimed at fortifying the faith of fruit farmers, the proposal was made during a compelling keynote speech at the CEO Insurance Forum 2023. The main theme for the forum, which was organised by the Office of Insurance Commission (OIC), revolved around The Role of Insurance Business in Promoting Sustainable Social and Economic Growth.
To build a cushion against the turbulence of natural disasters, existing insurance norms in the agriculture sector cover damage specifically to durian trees and other economic fruits. However, there’s a demand from fruit growers to extend this safety net to the fruits themselves. Shedding light on the…
