PCAF-CPLFC meets with PCIC on livestock insurance

Philippine Crop Insurance Corporation (PCIC) Actuarial Research and Product Valuation Department Officer-in-Charge Carmen Hutaba (main photo, in red) discusses the PCIC insurance programs for livestock and non-crop agricultural asset during the special meeting of the Philippine Council for Agriculture and Fisheries (PCAF) Committee on Poultry, Livestock and Feed Crops (CPLFC) on April 23, 2014. This is in line with the interest that the committee had expressed during the National Agriculture and Fisheries Council (NAF Council) meeting last March 27 on the possibility of collaborating with the PCIC to improve its livestock insurance program. Hutaba’s presentation focused on the PCIC’s types of insurance covers for livestock and poultry, policies on eligibility, amount of cover and premium rates, insurable age, covered risks, application and claims procedures, and sample computations under the livestock and non-crop agricultural asset insurance lines. Following the said meeting, CPLFC members, led by Committee Chairperson Rufina Salas (insert photo, center), will submit a proposal outlining other components that should be added to enhance the said PCIC insurance lines.