PCIC insures 1M farmers, pays P1B in claims in 2015

THE insurance arm of the Department of Agriculture (DA) said it achieved twin historic operational milestones last year by providing more than a million farmers with crop insurance and paying over a billion pesos in damage claims.

In a brief report on the results of its operations last year to the agriculture secretary, DA-Philippine Crop Insurance Corporation (PCIC) president Jovy Bernabe said the agency hit another “remarkable year” in terms of insurance coverage and payments, while sustaining its growth trajectory in 2015.