Exhibiting at IFEX Philippines 2025

The Philippine Crop Insurance Corporation (PCIC) is a government-owned and controlled corporation under the Department of Agriculture, mandated to provide insurance protection to Filipino farmers and fisherfolk against losses arising from natural calamities, plant diseases, pests, and other risks. As the sole provider of crop insurance in the Philippines, PCIC plays a vital role in strengthening the resilience of the agriculture sector.

Core Business

Established in 1978 under Presidential Decree No. 1467 and operationalized in 1981, PCIC's primary responsibility is the provision of insurance coverage for agricultural and allied risks. It serves as a financial safety net for smallholder farmers, fisherfolk, and agri-based enterprises by cushioning the impact of crop failure, livestock death, and infrastructure damage due to disasters or adverse events.

Product and Service Offerings

PCIC offers a diverse portfolio of agricultural and non-agricultural insurance products tailored to the specific risks faced by the rural population:

• Crop Insurance Programs (under RSBSA):

  • Rice and Corn: Covers natural calamities, pests, and diseases for eligible farmers listed in the Registry System for Basic Sectors in Agriculture (RSBSA).
  • High-Value Crops (HVC): Includes mango, banana, sugarcane, and vegetables.

• Livestock Insurance:

  • Coverage for cattle, carabao, goat, swine, and poultry against accidental death, diseases, and fire.

• Fisheries Insurance:

  • For fishing boats, gear, ponds, and aquaculture facilities such as fish cages and hatcheries.

• Non-Crop Insurance:

  • Fire, lightning, CAR (Contractors All Risk), EAR (Erection All Risk), commercial vehicle insurance.

• CLTI (Credit and Life Term Insurance):

  • Life and disability insurance for farmers with loans from accredited lending institutions.

PCIC also provides group insurance schemes to cooperatives and farmer associations and integrates with formal lending to ensure financial inclusivity.

Specialization and Core USP

PCIC's strategic advantage lies in its role as the only government entity mandated to offer agricultural insurance nationwide. Its ability to subsidize premiums through the General Appropriations Act and its integration with the Registry System for Basic Sectors in Agriculture (RSBSA) make insurance accessible to over 3 million farmers and fisherfolk.

The corporation’s focus on risk reduction and disaster recovery aligns it with national food security and climate adaptation strategies.

Financial Performance

According to PCIC's 2023 annual reports:

• Insurance Premiums Collected: Over PHP 5.23 billion, with PHP 3.78 billion subsidized by the government.
• Total Insurance Coverage Issued: PHP 100.6 billion, covering 2.12 million farmers and fisherfolk.
• Claims Paid: Over PHP 2.6 billion in indemnities to insured clients affected by calamities.
• These figures represent a coverage-to-premium ratio of approximately 1:19, reflecting strong leverage and extensive reach.

Shipment Records

As an insurance entity, PCIC does not engage in physical product shipments. However, its impact is measured by coverage spread and indemnity disbursements across all regions of the Philippines, particularly in disaster-prone areas.

Target Market

• Smallholder Farmers and Fisherfolk listed under RSBSA.
• Agricultural Cooperatives and Associations.
• Agri-finance institutions integrating insurance with credit.
• LGUs and Disaster Risk Reduction Officers managing climate resilience.
• Private Agribusinesses and SMEs seeking coverage for agricultural infrastructure.

Capabilities

• Nationwide network of Regional and Provincial Insurance Offices.
• Online systems for insurance enrollment, claims processing, and RSBSA verification.
• Integration with banks, MFIs, and government lending programs (ACPC, DA).
• Risk modeling and loss assessment teams for disaster evaluation.
• Capacity to handle group and individual policies under subsidized schemes.

Certifications and Compliance

PCIC operates under the regulatory framework of:

• Insurance Commission of the Philippines
• Department of Agriculture
• Government Commission for GOCCs (GCG)
• Adheres to the General Insurance Code, with annual audits by the Commission on Audit (COA).

Customer Testimonials

While direct testimonials are scarce, coverage and payout performance during major calamities reflect public trust. In 2022, PCIC was recognized by farmer groups in Northern Luzon:

“When Typhoon Karding destroyed our rice fields, PCIC was the only agency that gave us real help fast. Their payout helped us plant again.” — (Farmer Cooperative, Nueva Ecija)

Major Achievements

• Over 3.2 million insured farmers and fisherfolk as of 2023.
• Covered over 1.7 million hectares of agricultural land, making it one of the largest agri-insurers in Southeast Asia.
• Integrated crop insurance into DA-ACPC loan programs, ensuring safety nets for credit.
• Responded to over 12 major natural disasters in the last 5 years with rapid indemnity processing.
• Digitized insurance registration for RSBSA-linked clients across 80+ provinces.

The Philippine Crop Insurance Corporation continues to serve as a critical instrument in building agricultural resilience, safeguarding rural livelihoods, and enabling sustainable food production across the archipelago.