The damage from drought worldwide increased to over €20 billion in 2019, while less than €2 billion was covered by insurance. Farmers and governments are now demanding insurance, while the industry is looking for the best ways to provide this. Do you want to understand this market opportunity better? Your input for this survey will be treated strictly confidential and the results shared with you in a personal meeting or via email.
The global crop insurance market size was valued at $34.05 billion in 2019, and is projected to reach $53.02 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027. During COVID-19, revenue-based crop insurance is expected to create several lucrative opportunities, owing to adverse impact of on-going pandemic on crop revenues and disrupted supply chains in major crop producing countries such as India and Brazil.
British Sugar and the National Farmers’ Union’s sugar board (NFU Sugar) have negotiated new contracts from 2021, including a £12m virus yellows crop assurance fund and an innovative futures-linked contract pilot. The assurance fund will compensate growers for a proportion of yield losses from virus yellows disease.
Agroinsurance International is conducting a survey on agricultural insurers response to the COVID-19 pandemic situation. The purpose of this survey is to understand if agricultural insurers have also experienced significant difficulties operating their businesses in 2020, such as underwriting new business, processing renewals and assessing losses. AgroInsurance Team would be thankful if you could participate in this survey and provide your answers.
As of today, the global number of confirmed cases of COVID-19 has exceeded 16 million. Most of insurance and reinsurance companies in Europe and Asia have suspended all non-essential international business travels for their employees until the end of the year 2020. Here at AgroInsurance International we feel responsible for the safety and health of our conference participants and guests. Thus, AgroInsurance team would like to confirm that the Conference has been rescheduled for April 19-21, 2021 because of our participants’ convenience and safety considerations.
AgroInsurance International is conducting an online survey to collect information about the potential agricultural insurance topics for the future webinars that our company considers offering in the second half of this year. Here we kindly request your valuable assistance through completing the survey.
Last week, the governments of Canada and Ontario announced enhanced AgriInsurance coverage for the 2020 growing season, including labour shortages due to COVID-19. However, as Ontario greenhouse producers do not have crop insurance, other business risk management programs could serve as alternative options.
As part of the global review, FAO is conducting an online survey to collect information on the range of insurance products and services for fisheries and aquaculture offered worldwide, as well as the opportunities and challenges faced by the insurance industry supporting these sectors. The results will complement the global review study. FAO kindly requests your valuable assistance in the global review study through completing the online survey.
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