Barriers to insurance cover for small fishing vessels – and how to overcome them

13. May 2025

Millions of small fishing vessels of less than 12 metres in length operate in developing countries without any insurance cover, leaving the fishers and their families vulnerable in case of damage or loss of their boats. The UN’s Food Agriculture Organization (FAO) has raised awareness for this protection gap and facilitated exchanges of relevant actors to address the key barriers in the supply of insurance services to small-scale fishers worldwide. Obstacles includes limited knowledge of fishing vessels and operations among insurers, gaps in safety inspections of small fishing boats, and the perceived low profitability, high transaction costs, and cumbersome administrative processes associated with small fishing vessel insurance services.

In this webinar, experts from the FAO and the insurance sector provide insights on how to overcome existing barriers and introduce newly developed guidelines and checklists for the survey and inspection of small fishing vessels, and insurance value and risk assessment of small fishing vessels. You can hear from:

  • Raymon Van Anrooy, Senior Fishery Officer, Fishing Operations and Technology Team (NFIFO), UN Food and Agriculture Organization (FAO) (Session 1+2)
  • Varun Tandon, International Fisheries Consultant Equitable Livelihoods Team (NFIFL), UN Food and Agriculture Organization (FAO) (Session 1+2)
  • Israel de la Cruz, Department Manager, Philippine Crop Insurance Corporation (Session 1)
  • Maria Fernanda Alonso, Vice President, Head Marine Latin America, Global Specialty, Swiss Re America (Session 2)

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Additional documents:

Guidelines for the seaworthiness and safety inspection of small fishing vessels.

Guidelines for insurance value and risk assessment of small fishing vessels.

FAO/APRACA Guidelines for increasing access of small-scale fisheries to insurance services in Asia 

FAO/ILO/IMO Safety Recommendations for Decked Fishing Vessels of Less than 12 metres in Length and Undecked Fishing Vessels 

FAO/ILO/IMO Implementation Guidelines on Part B of the Code, the Voluntary Guidelines and the Safety Recommendations 

Report of the FAO Expert workshop on developing guidelines for inspection and valuation of small-scale fishing vessels. Rome, 24–26 September 2024 

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