Agriculture Insurance and Reinsurance Market Scope
Agricultural production depends on the climate more than any other commercial sector. The industry expressions greater agricultural risks than ever before as a result of the already visible effects of climate change. Agricultural insurance defends against loss of or damage to crops or livestock. It has great potential to provide value to low-income farmers and their communities, both by guarding farmers when shocks ensue and by encouraging greater investment in crops. Reinsurance refers to the process of insurance enterprises taking protection against large risks that they have insured. Governments play a vital role in coordinating public and private sector investments in collecting, auditing, and managing insurance-quality data, and in making sure that the data is available for private insurers.
The market study is being classified, by Application (Greenhouse, Crop-hail, Livestock, Forestry and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Asian and United States Players will contribute to the maximum growth of Global Agriculture Insurance and Reinsurance market throughout the predicted period.
Swiss Reinsurance Company Ltd. (Switzerland), Sompo International Holdings Ltd. (United States), AXA XL (United States), Syngenta (Switzerland), Munich Re (Germany), Agroinsurance (Georgia), Hanover Re (Germany), Partner Re (United States), Scor Re (France), GramCover (India), Mapfre Re (MAPFRE) (Spain), Lloyd’s (United Kingdom), Berkshire Hathaway (United States), Everest Re (United States), China Reinsurance (China), QBE (Australia) and Tokio Marine (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Korean Reinsurance (South Korea).
AdvanceMarketAnalytics has segmented the market of Global Agriculture Insurance and Reinsurance market by Type, Application and Region.
On the basis of geography, the market of Agriculture Insurance and Reinsurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On March 12, 2020 - Swiss Re and Microsoft Corp. announced a strategic alliance to further advance insurance innovation and extend financial protection to more people globally., On February 18, 2020 - Swiss Re’s iptiQ and IKEA has announced the launch of HEMSÄKER, a home insurance offering which provides easily accessible protection at an affordable price. and On February 11, 2020 - Allied Specialty Insurance, Inc. (“Allied”), a subsidiary of AXA’s P&C and specialty risk division, AXA XL (“AXA XL”), and The McGowan Companies (“McGowan”) have entered into a joint venture, forming McGowan Allied Specialty Insurance (“McGowan Allied”), a new entity dedicated to serving the Amusement and Entertainment industries’ insurance needs.
- Public Sector Has an Active Role in Supporting Agricultural Insurance
- The compulsion of Crop and Livestock Insurance in Some Countries like Japan, China, India and Others
- Growth of Public and Private Agricultural Insurance
- Major growth in public-private partnerships for agricultural insurance has occurred in China and in the Republic of Korea
- The Existence of Gaps in the Provision of Agricultural Insurance Creates Opportunities for Development of the Market in Latin America
- Lack of Formal Recognition of Micro Insurance Programmes
- The Development of Agricultural Insurance Requires an Appropriate Institutional Framework
- Risk-Layering Schemes Should Be Seriously Considered
Key Target AudienceAgricultural Insurance Providers, Reinsurance Providers, Government Associations, Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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