Zurich backs new cocoa insurance scheme in Indonesia
By Henry Gale
Feb 18 - (The Insurer) - Zurich Indonesia and consortium Blue Marble have launched a parametric insurance scheme for cocoa farmers in partnership with the provincial government of Indonesia's largest cocoa-producing region.
The product is a collaboration between Zurich, Blue Marble, cocoa suppliers Ofi and JB Cocoa, and international development firm GIZ, working on behalf of the German government.
The product protects farmers from climate-related losses, ensuring financial stability for cocoa producers and supporting a more sustainable supply chain, Blue Marble said in a LinkedIn post.
At a launch event for the product held on February 2, 2025, Central Sulawesi governor Rusdy Mastura said the product could increase the resilience of cocoa farmers, according to a release posted on the provincial government's website.
"Hopefully with this insurance, farmers will no longer worry about losing income due to unexpected natural disasters, as they have a guarantee that can help them recover from losses," Mastura said.
In an Instagram post, Rusdy added: "As the largest national cocoa producer with 209,000 hectares of land, Central Sulawesi must continue to maintain food security and farmers' welfare. Let's support this program together for the sustainable advancement of Central Sulawesi's cocoa sector."
Related Articles
Wall Street Sounds Alarm: "Bitcoin's Four-Year Cycle Invalidated" - Will the Crypto Bull Market Persist?
The crypto market is evolving into a more mature and rational phase, driven by shifting participant demographics and heightened macroeconomic influences, even as the validity of Bitcoin's four-year cycle remains uncertain.
Musk Confirms SpaceX 2026 IPO: The Dual ‘Trillion-Dollar’ Bet with Hidden Risks
TradingKey - Elon Musk has confirmed speculation that his space exploration company, SpaceX, is preparing for an IPO as early as 2026. The potential listing, which could value SpaceX at over $1 trillion, might catapult it into the ranks of the world's top ten most valuable companies. This raises a
Judgment on the Fed's December Rate Cut and 2026 Monetary Policy Trend: Identifying Opportunities in the U.S. Stock Market
TradingKey - The Federal Reserve is likely to halt its rate-cutting cycle before the end of Q2 2026...The magnitude of rate cuts in Q3 and Q4 2026 is expected to far exceed current market expectations...U.S. equities are highly likely to follow a "bearish-then-bullish" trajectory throughout 2026.
Why Is the "Altcoin Season" Delayed? Will Altcoins Perish?
The anticipated "altcoin season" has yet to materialize, constrained by a lack of fresh market capital and Bitcoin's continued dominance in absorbing available funds. This does not mean all altcoins will perish; however, a segment of these tokens will gradually exit the market. Therefore, caution is
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
Dow Jones Market Data shows this marks the first time since 1980all three metals—gold, silver, and copper—simultaneously refreshed their all-time highs in the same year. Will this rally extend into 2026?
