About Harvest Period Crop Insurance
Harvesting refers to the process of removing insured crops or portions of insured crops from an insured field for sale or use on the insured farm. Crop insurance is a comprehensive yield-based policy designed to compensate farmers for losses caused by production issues. It covers pre-sowing and post-harvest losses caused by cyclonic rains and a lack of rainfall. These losses result in a decrease in crop yield, which affects farmer income. Farmers can benefit from advice from insurance firms on how to reduce losses. Furthermore, the Internet of Things (IoT) can aid in technological growth. Crop insurance ensures economic interest by safeguarding against loss. In exchange, farmers can adopt innovative agricultural techniques and test new crop-protection strategies.
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The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Harvest Period Crop Insurance market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AXA S.A. (France), Allianz SE (Germany), Royal Sundaram General Insurance Co. Limited (India), BTC Bank (United States), Chubb Limited (United States), Zurich Insurance Group Ltd. (Switzerland), Cropland Insurance Services (United States), ProAg (United states), Tata AIG General Insurance Company Limited (India), General Insurance Council (India) and Fortify Group (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are QBE Insurance (Australia), China United Property Insurance (China), American Financial Group (United States), Prudential Financial (United States) and Credit Agricole Assurances (France).
AMA Research has segmented the market of Global Harvest Period Crop Insurance market by Type (Crop/MPCI Insurance, Crop/Hail Insurance, Livestock Insurance and Others) and Region.
On the basis of geography, the market of Harvest Period Crop Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Distribution Channel, the sub-segment i.e. Agencies will boost the Harvest Period Crop Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coverage, the sub-segment i.e. Localized Calamities will boost the Harvest Period Crop Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 4th September 2020, Bermuda-based specialty property and casualty re/insurance Sompo International is set to acquire Diversified Crop Insurance Services, a subsidiary of CGB Enterprises. Sompo InternationalDiversified will join the re/insurerís AgriSompo platform and will create one of the largest crop insurance providers in North America. The acquisition provides Sompo with additional capabilities in North America in terms of product, geographic spread, and distribution network.
- Rapidly Expansion Of Agriculture Industry
- Rise In Funding From Governments To Protect Farmers Against Fluctuations
- Rapidly Extension In Crop Insurance Product
- Increased Marketing Of Insurance Policies On Online Platform
- Rising Frauds Activities In The Insurance Plans
- Lack Of Awareness Toward Crop Insurance And Higher Premium Rates Limit The Demand For Crop Insurance Policies,
- Strict Regulatory Guidelines On The Harvest Period Crop Insurance Agents
- Increasing Premium Prices Frequently
Key Target AudienceHarvest Period Crop Insurance Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as AXA S.A. (France), Allianz SE (Germany), Royal Sundaram General Insurance Co. Limited (India), BTC Bank (United States), Chubb Limited (United States), Zurich Insurance Group Ltd. (Switzerland), Cropland Insurance Services (United States), ProAg (United states), Tata AIG General Insurance Company Limited (India), General Insurance Council (India) and Fortify Group (United States) etc.
2. Can we have customized study for Harvest Period Crop Insurance Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What trending factors would impact Harvest Period Crop Insurance Market growth most?
"High Adoption Of Harvest Period Crop Insurance Across The Regions" is seen as one of major influencing trends for Harvest Period Crop Insurance Market during projected period 2021-2027.