AXA Group to expand farm insurance program in Indonesia

Albertus Wiroyo, president of Indonesia's PT Mandiri AXA General Insurance, said that the AXA Group will expand its farm insurance program in Indonesia following the success of its pilot project in East Java's Malang city, reports The Jakarta Post.

The pilot insurance program is called parametric insurance as it protects farmers against losses caused by weather risks. The program "could be used as a basic model to expand our crop protection to complement the government farm insurance program," said Mr. Wiroyo.

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