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Protecting small-scale fisheries through aquaculture insurance

The fishing industry makes up one of the largest sectors in the world, contributing USD 1.5 trillion annually to global economies. Yet despite its financial importance, insurance uptake and availability for small-scale fisheries is low. According to the The Food and Agriculture Organization of the United Nations (FAO) publication World Review of Capture Fisheries and Aquaculture Insurance 2022, there are approximately 2.3 million motorised small-scale fishing (SSF) vessels operating in this sector – and...

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