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PCIC Corporate Business Affairs Group (CBAG)
Managed by the Business Development and Marketing Department (BDMD)
Development of Area-Based Yield (ARBY) Index Insurance for Rice
PCIC, IRRI, & PhilRice Ink Landmark Agreement Boosting Rice Farming and Insurance Ecosystem in the Country
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A groundbreaking memorandum of agreement (MOA) signed today at the Philippine International Convention Center heralds a new era for rice farming and insurance in the Philippines. This new partnership features the Philippine Crop Insurance Corporation (PCIC), led by its President, Atty. JB Jovy C. Bernabe; the International Rice Research Institute (IRRI), with its Interim Director General Dr. Ajay Kohli; and the Philippine Rice Research Institute (PhilRice), helmed by its Executive Director, Dr. John C. De Leon. More...
Farmers show strong support to Area-Based Yield Index Insurance for Rice
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In a significant step towards enhancing agricultural resilience in the Philippines, a new crop insurance model called the Area-Based Yield (ARBY) index insurance has captured the interest of Filipino farmers. ARBY is a crop insurance model that calculates coverage and payouts based on the historical average yield for a particular area, rather than on the yields reported by individual farmers, to address crop loss compensation. This initiative, a collaboration between the International Rice Research Institute (IRRI), the Philippine Rice Research Institute (PhilRice), and the Philippine Crop Insurance Corporation (PCIC), leverages satellite data to potentially revolutionize how agricultural risks are managed amidst the escalating threats of climate change.. More...
Workshop to Discuss Key Findings from the ARBY Simulation Study
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A groundbreaking memorandum of agreement (MOA) signed today at the Philippine International Convention Center heralds a new era for rice farming and insurance in the Philippines. This new partnership features the Philippine Crop Insurance Corporation (PCIC), led by its President, Atty. JB Jovy C. Bernabe; the International Rice Research Institute (IRRI), with its Interim Director General Dr. Ajay Kohli; and the Philippine Rice Research Institute (PhilRice), helmed by its Executive Director, Dr. John C. De Leon. More...
