FAO Fisheries and Aquaculture Circulars This paper reviews the history and status of fishery and aquaculture insurance in China, covering its organization, implementation mechanisms, policy development, performance evaluation, and innovations. The case studies cover capture fisheries and finfish, crab, shrimp and seaweed farming.

This world review of capture fisheries and aquaculture insurance presents the findings of five regional and four national reports conducted in 2020. An estimated 450 000 fishing vessels worldwide are covered by marine hull insurance. Nearly all of the estimated 67 800 large-scale industrial fishing vessels are covered by marine hull insurance, as well as 50–60 percent of the estimated 430 000 semi-industrial fishing vessels. However, over 95 percent of the 2.3 million motorized small-scale fishing vessels operate uninsured. Most small-scale fishers do not have access to adequate insurance services. Between 2009 and 2019, underwriting experiences in fishing vessel insurance were generally reported as “Good”. What is more, access to accident, life and health insurance services for crew on fishing vessels and small-scale fishers in developing countries has improved in recent years. In 2020, the number of aquaculture insurance policies in force was estimated at over 40 000 worldwide, with China and Indonesia the largest markets for this type of insurance. While large-scale aquaculture producers are well served by the insurance industry, the provision of insurance is inadequate for mediumand small-scale farmers, particularly in Asia. Underwriting experiences for aquaculture stock mortality insurance were reported as “Good” to “Very good” (40 percent), or “Neutral” (36 percent). The insurance industry has consolidated the market and increased profitability in aquaculture insurance. This world review contains information on the capture fisheries and aquaculture insurance market, the prevailing underwriting practices, perils covered, policies in force, risk management and claim handling procedures. Finally, it offers a series of recommendations for increasing insurance service provision to the fisheries and aquaculture industries.

This is the report of the Seventh Asia-Pacific Fishery Commission (APFIC) Regional Consultative Forum Meeting (RCFM) on Sustainable Development for Resilient Blue Growth of Fisheries and Aquaculture. The meeting was convened in Cebu, Philippines from 7 May to 9 May 2018 and was attended by 80 participants from 16 countries, together with representatives from ten regional and international partner organizations and projects. The key conclusions and recommendations endorsed by the Seventh RCFM are summarized as: (1) The RCFM recognized the great advances in the four thematic areas pertaining to sustainable and resilient fisheries and aquaculture for blue growth in the region; (2) There are a number of remaining and emerging challenges to the sustainability and resilience of fisheries and aquaculture sector; (3) There remains a great need in many countries for reinforced legal frameworks and guiding policies to ensure a human rights-based and environmentally friendly development of the region’s fisheries and aquaculture sectors in line with the Voluntary Guidelines for Securing Sustainable Small-scale Fisheries (SSF Guidelines) and the Code of Conduct for Responsible Fisheries (CCRF); and (4) More targeted disaster risk management and climate change strategies and technologies for the sector are needed in several countries. The RCFM considered the reviews of regional fisheries and aquaculture, presentations by member countries and regional organizations, reports of action plans of APFIC regional consultative workshops and the major issues outlined in the agenda and developed a report and recommendations to inform the Thirty-fifth APFIC Session.

Fisheries and aquaculture is a sector of special importance to food security, nutrition and livelihood in the Asia-Pacific Region, which can be significantly impacted by climate changes and related disaster risks. Effectively addressing climate change impacts and managing disaster risks in fisheries and aquaculture sector are vitally important to building resilience of the sector for sustained and greater contribution to Sustainable Development Goals (SDGs) related to ending hunger, poverty eradication and sustainable use of natural resources. FAO member countries in the region have been making good effort and significant progress in addressing climate change impacts and related disaster risks with support of international communities. A FAO regional consultative workshop was convened to bring together a wide range of players including country governments, regional organizations and other partners to share their knowledge and good practices in addressing climate change implications for fisheries and aquaculture in the region, to assess the progress made in addressing issues with marine capture fisheries, inland capture fisheries, coastal aquaculture and inland aquaculture in the context of climate change adaptation and mitigation in implementing the national plan of actions for addressing climate change in fisheries and aquaculture, and to recommend strategies for addressing institutional and capacity gaps in building climate-resilience fisheries and aquaculture industry in the region. The publication is the compilation of the workshop executive report, background technical papers, extended summary of presentations by representatives from participating government and FAO partners, and the workshop conclusions and recommendations.

The regional workshop “Development of Aquaculture Insurance System for Small-scale Farmers” 20–21 September 2016, Bangkok, was joined by participants from China, Philippines, Thailand and Viet Nam. It contains two parts. The first aimed at answering the question, “What would make insurance available for and accessible to small-scale farmers?” The second was focused on exploring potential shrimp insurance schemes. The Workshop achieved the following outcomes: (1) made farmers, farmer advisers, re searchers and academics more familiar with the business and technical requirements of insurers, (2) made insurers become more familiar with the circumstances and needs of farmers, (3) confirmed that insurers continue to view aquaculture as a high-risk industry, (4) highlighted the need to incorporate risk assessment and management in the development of better farm management practices in line with the requirements of insurance, and (5) confirmed the usefulness of bundling financial products in t he development of institutional services for farmers.

These Guidelines are an outcome of a joint FAO, Network of Aquaculture Centres in Asia-Pacific (NACA) and Asia-Pacific Rural and Agricultural Credit Association (APRACA) Regional Workshop on the Promotion of Aquaculture Insurance in Asia, held in Bali, Indonesia, from 30 April to 2 May 2007. The workshop was hosted by the Government of Indonesia, Directorate General for Aquaculture, and attended by policy-makers and international experts from the rural finance, insurance and aquaculture sectors from both the region and elsewhere. The document also contains the Report of the Regional Workshop and two background papers produced for the workshop.

The rate of increase in global production of fish and fishery products was forecasted to remain steady, with aquaculture accounting for 53 percent of the fish we eat directly.