Market Highlights:
Agriculture is the mainstay of various economies including India, Brazil, China, United States, South Korea etc. and considered to be a catalyst for the overall economic development of the nation. Numerous countries’ governments have entered into a partnership with private crop insurance providers indemnify the insured against losses which occur during the crop year. Crop insurance is considered as a risk management tool for farmers in both emerging and emerged economies. As per World Bank, demand for food will increase by 70% by 2050, at least 80 billion dollar annual investments will be needed to meet this demand. In the current scenario, only a fraction of farmers opt for crop insurance because of its irregular payouts in developing nations. According to the World Bank, agriculture finance empowers poor farmers to increase their wealth and food production to be able to feed 9 billion people by 2050 The market study is being classified by Type (Crop/MPCI Insurance, Crop/Hail Insurance, Livestock Insurance and Others), by Application (Agencies, Brokers, Bancassurance and Digital & Direct Channel) and major geographies with country level break-up that includes 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).

Key Players:
The prominent players in the Agriculture Crop Insurance are Zurich American Insurance Co. (United States), Chubb Limited (United States), QBE Insurance (Australia), China United Property Insurance (China), American Financial Group (United States), Prudential Financial (United States), AXA SA (France), Everest Re Group (Bermuda), Sompo Holdings Inc. (Japan), CGB (United States), Agriculture Insurance Company of India (India) and ICICI Lombard (India).

In April 2018, QBE NAU Crop Insurance, a subsidiary of QBE Insurance Group limited launched “filed insights” in addition to Iteris Clearag spray advisor and crop growth stage models

Key Questions Answered in the Report
What will the Agriculture Crop Insurance Market size and the growth rate be in Future?
What are the key factors driving the Agriculture Crop Insurance Market?
What are the key market trends and macro-economic impacting the growth of the Agriculture Crop Insurance Market?
What are the challenges to market growth?
Who are the key vendors in the Agriculture Crop Insurance Market?
What are the market opportunities and threats faced by the vendors in the Agriculture Crop Insurance Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the Agriculture Crop Insurance Market?

Refer complete Table of Content of Agriculture Crop Insurance Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Agriculture Crop Insurance market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Agriculture Crop Insurance market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.