Climate change is causing catastrophic weather occurrences, resulting in significant losses for farmers, and F. Rego is betting on the parametric insurance segment to compensate for the lack of agricultural policies.
Pedro Rego, CEO of F. Rego – Insurance Brokers, told Agricultura e Mar that “the authorities should focus their efforts and attention on boosting the insurance market, subsidizing its purchase rather than its sale, as is the current situation model, and conditioning support to the existence of insurance, as is the case in other countries.”
Parametric agricultural insurance, according to Pedro Rego, “ensures products a clear reduction in risk, allowing them to plan more sustainably.”
