Industry Technology

Agricultural Insurance Market Size, Status, Top Players, Trends and Forecast to 2024

Press Release

MarketResearchNest.com adds “Global Agricultural Insurance Market Growth (Status and Outlook) 2019-2024”new report to its research database.

Agricultural insurance protects 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 protecting farmers when shocks occur and by encouraging greater investment in crops. However, in practice its effectiveness has often been constrained by the difficulty of designing good products and by demand constraints.

The leading manufactures mainly are PICC, Zurich (RCIS), Chubb, QBE, China United Property Insurance, American Financial Group, Prudential and XL Catlin. PICC is the largest player; its premiums of global market exceed 10.25% in 2016, followed by Zurich and Chubb.

Along with the Asia-Pacific region; European countries have had some form of crop or livestock insurance for more than a century. They are now mature markets with high penetration rates and offer comprehensive risk coverage for farmers. The developing countries that have succeeded in setting up a strong Agricultural Insurance system (India, China), show that this success has been due, in large part, to public support granted through premium subsidies or reinsurance. Growth of the Agricultural Insurance industry could also be attributed to North America which introduced the revenue-based Agricultural Insurance and, more recently, from emerging markets such as China, India and Brazil, driven by rapidly increasing insurance penetration.

According to this study, over the next five years the Agricultural Insurance market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in Agricultural Insurance business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Agricultural Insurance market by product type, application, key companies and key regions.

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This study considers the Agricultural Insurance value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.

  • Bancassurance
  • Digital and Direct Channel
  • Agency

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.

  • Crop/MPCI
  • Crop/Hail
  • Livestock
  • Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East and Africa, Egypt,South Africa, Israel, Turkey, GCC Countries

Browse full table of contents and data tables @

https://www.marketresearchnest.com/Global-Agricultural-Insurance-Market-Growth-Status-and-Outlook-2019-2024.html

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

  • PICC
  • Zurich (RCIS)
  • Chubb
  • QBE
  • China United Property Insurance
  • American Financial Group
  • Prudential
  • XL Catlin
  • Everest Re Group
  • Sompo International (Endurance Specialty)
  • CUNA Mutual
  • Agriculture Insurance Company of India
  • Tokio Marine
  • CGB Diversified Services
  • Farmers Mutual Hail
  • Archer Daniels Midland
  • New India Assurance
  • ICICI Lombard

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives

  • To study and analyze the global Agricultural Insurance market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
  • To understand the structure of Agricultural Insurance market by identifying its various subsegments.
  • Focuses on the key global Agricultural Insurance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Agricultural Insurance with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the size of Agricultural Insurance submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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