PAKISTAN: Salaam Takaful, in collaboration with Syngenta Pakistan, a crop protection product provider, has closed its first pilot of Parametric-based Crop Takaful by giving the payouts to farmers in the Arifwala region of Pakistan who were affected by historical excessive rains this year, an official post on LinkedIn confirmed.
In September, Salaam Takaful and Syngenta Pakistan commenced the partnership to protect farmers against the impacts of climate change by providing them coverage against multiple weather-based perils.