Reforming Agricultural Insurance in the Philippines - Policy Summary and Recommendations

This note summarizes the key conclusions and recommendations of a 2022 World Bank exercise to assess the gaps in agricultural insurance in the Philippines and identify actions that could be taken to improve its quality and value for money. The note is intended for policy makers, and it sits alongside a comprehensive technical report, “Reforming Agricultural Insurance in the Philippines – Review and Roadmap: Technical Report and Recommendations.” This latter document details the background, conclusions, and recommendations of the exercise and is intended for technical practitioners from the government, such as those in the Philippine Crop Insurance Corporation (PCIC).