Agriculture Reinsurance Market Dimension is projected develop at a

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New York, United States, March 09, 2023 (GLOBE NEWSWIRE) — Agriculture reinsurance refers to the type of insurance that provides coverage for agricultural losses due to natural disasters such as droughts, floods, hurricanes, and other weather-related events. This type of insurance is specifically designed to protect farmers and agriculture-related businesses from financial losses caused by the unpredictable nature of weather patterns. Agriculture reinsurance typically covers losses related to crop damage, livestock mortality, and business interruption. This type of insurance is particularly important in areas where agriculture is a major part of the economy, as it helps to ensure the stability and continuity of the agriculture industry in the face of potential losses due to natural disasters.

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Market Dynamics

The global agriculture reinsurance market is experiencing growth due to various factors, including uncertainty of nature, government support for agricultural activities, and technological advancements. With the help of satellite images, efficient loss assessments can be made in agro (re)insurance, providing real-time assessments of damages and potential risks. Additionally, technology helps to mitigate information asymmetry between (re)insurers and the insured, further driving demand for agriculture reinsurance.

Another factor driving the market growth is the increasing need for an alternative to shareholder’s capital to meet the massive demand. Reinsurers play a vital role in minimizing damage, providing capital for the real economy, and preventing risks. Government support in various countries is also boosting market growth, such as the Indian Government’s commitment to funding reinsurance schemes for crop insurance.

However, poor clarity of exposures and lack of awareness may hinder the growth of the agriculture reinsurance market around the globe.

Market Segmentation

The global agriculture reinsurance market can be segmented on the basis of products into managed crop hail insurance, multi-peril crop insurance, livestock insurance, greenhouse insurance, aquaculture insurance, bloodstock insurance, and forestry insurance.

Managed Crop Hail Insurance: This type of insurance provides protection against the loss or damage of crops caused by hail or fire. It is typically offered by private insurance companies and is usually purchased by farmers who grow crops in areas prone to hailstorms.

Multi-Peril Crop Insurance: This type of insurance provides protection against a range of risks that could cause crop losses, including natural disasters, disease, pests, and weather-related events. It is typically offered by government-sponsored programs and is designed to cover a large portion of the insured farmer’s crop yield.

Livestock Insurance: This type of insurance provides protection against the loss or damage of livestock due to disease, accidents, or natural disasters. It covers the cost of replacing or repairing the lost or damaged livestock.

Greenhouse Insurance: This type of insurance provides protection against the loss or damage of crops grown in greenhouses due to various reasons such as fire, storms, or other environmental factors. It is designed to cover the cost of repairing or replacing the greenhouse and the crops grown in it.

Aquaculture Insurance: This type of insurance provides protection against the loss or damage of aquatic crops or animals due to natural disasters, disease, or other environmental factors. It is designed to cover the cost of repairing or replacing the lost or damaged aquatic crops or animals.

Bloodstock Insurance: This type of insurance provides protection to thoroughbred horses, livestock, and other animals that are high in value. It covers the cost of death, illness, or injury of the animals.

Forestry Insurance: This type of insurance provides protection against the loss or damage of forests due to natural disasters, fire, disease, or other environmental factors. It is designed to cover the cost of restoring or replanting the damaged forest.

Report Scope

Report Metric Details
CAGR 11.2% (2022-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Million/Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Product, By Region
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Munich Re, Swiss Re, Hannover Re, PartnerRe, Scor Re, Everest Re, Polish Re, Hamilton Re, Sompo International, Toa Re.
Key Market Drivers Government support in various countries is also boosting the market growth

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Regional Insights

The global agriculture reinsurance market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market due to its extensive agricultural activities and adoption of advanced technologies in the sector. The US government provides significant support to its farmers and is a major contributor to the agriculture reinsurance market in the region.

Europe is also expected to have a significant market share due to the large agricultural industry and the high adoption rate of crop insurance among farmers. Furthermore, the region’s strict government regulations and policies regarding agriculture and food safety contribute to the growth of the agriculture reinsurance market.

The Asia-Pacific (APAC) region is home to some of the world’s largest agriculture-producing countries, including China and India, where agriculture is a major contributor to the economy. The increasing government initiatives and support to farmers to manage crop losses are boosting the demand for agriculture reinsurance in the region. The rise in extreme weather events, such as floods, droughts, and typhoons, has increased the need for crop insurance and reinsurance.

Top Key Players of Agriculture Reinsurance Market

  • Munich Re
  • Swiss Re
  • Hannover Re
  • PartnerRe
  • Scor Re
  • Everest Re
  • Polish Re
  • Hamilton Re
  • Sompo International
  • Toa Re.

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Agriculture Reinsurance Market Segmentation

By Product

  • Managed Crop Hail Insurance
  • Multi-Peril Crop Insurance
  • Livestock Insurance
  • Greenhouse Insurance
  • Aquaculture Insurance
  • Bloodstock Insurance
  • Forestry Insurance

 By Geography

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

TABLE OF CONTENT

  1. EXECUTIVE SUMMARY
  2. RESEARCH SCOPE & SEGMENTATION
    1. Research Objectives
    2. Market Definition
    3. Limitations & Assumptions
    4. Market Scope & Segmentation
    5. Currency & Pricing Considered
  3. MARKET OPPORTUNITY ASSESSMENT
    1. Emerging Regions / Countries
    2. Emerging Companies
    3. Emerging Applications / End Use
    4. Investment Landscape
    5. New Business Models / Revenue Streams
    6. TAM
  4. MARKET TRENDS
    1. Drivers
    2. Market Warning Factors
    3. Latest Macro Economic Indicators
    4. Geopolitical Impact
    5. Human Factors
    6. Technology Factors
  5. MARKET ASSESSMENT
    1. Porters Five Forces Analysis
    2. Value Chain Analysis
    3. Sales And Distribution Channel Analysis
    4. Case Study Analysis
    5. Patent Analysis
    6. M & A Agreements & Collabration Analysis
  6. ESG TRENDS
  7. GLOBAL AGRICULTURE REINSURANCE MARKET SIZE ANALYSIS
    1. Global Agriculture Reinsurance Market Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Managed Crop Hail Insurance
        1. By Value
      3. Multi-Peril Crop Insurance
        1. By Value
      4. Livestock Insurance
        1. By Value
      5. Greenhouse Insurance
        1. By Value
      6. Aquaculture Insurance
        1. By Value
      7. Bloodstock Insurance
        1. By Value
      8. Forestry Insurance
        1. By Value
  8. NORTH AMERICA MARKET ANALYSIS
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Managed Crop Hail Insurance
        1. By Value
      3. Multi-Peril Crop Insurance
        1. By Value
      4. Livestock Insurance
        1. By Value
      5. Greenhouse Insurance
        1. By Value
      6. Aquaculture Insurance
        1. By Value
      7. Bloodstock Insurance
        1. By Value
      8. Forestry Insurance
        1. By Value
    3. U.S.
      1. By Product
        1. Introduction
          1. Product By Value
        2. Managed Crop Hail Insurance
          1. By Value
        3. Multi-Peril Crop Insurance
          1. By Value
        4. Livestock Insurance
          1. By Value
        5. Greenhouse Insurance
          1. By Value
        6. Aquaculture Insurance
          1. By Value
        7. Bloodstock Insurance
          1. By Value
        8. Forestry Insurance
          1. By Value
    4. Canada
  9. EUROPE MARKET ANALYSIS
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Managed Crop Hail Insurance
        1. By Value
      3. Multi-Peril Crop Insurance
        1. By Value
      4. Livestock Insurance
        1. By Value
      5. Greenhouse Insurance
        1. By Value
      6. Aquaculture Insurance
        1. By Value
      7. Bloodstock Insurance
        1. By Value
      8. Forestry Insurance
        1. By Value
    3. U.K.
      1. By Product
        1. Introduction
          1. Product By Value
        2. Managed Crop Hail Insurance
          1. By Value
        3. Multi-Peril Crop Insurance
          1. By Value
        4. Livestock Insurance
          1. By Value
        5. Greenhouse Insurance
          1. By Value
        6. Aquaculture Insurance
          1. By Value
        7. Bloodstock Insurance
          1. By Value
        8. Forestry Insurance
          1. By Value
    4. Germany
    5. France
    6. Spain
    7. Italy
    8. Russia
    9. Nordic
    10. Benelux
    11. Rest Of Europe
  10. APAC MARKET ANALYSIS
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Managed Crop Hail Insurance
        1. By Value
      3. Multi-Peril Crop Insurance
        1. By Value
      4. Livestock Insurance
        1. By Value
      5. Greenhouse Insurance
        1. By Value
      6. Aquaculture Insurance
        1. By Value
      7. Bloodstock Insurance
        1. By Value
      8. Forestry Insurance
        1. By Value
    3. China
      1. By Product
        1. Introduction
          1. Product By Value
        2. Managed Crop Hail Insurance
          1. By Value
        3. Multi-Peril Crop Insurance
          1. By Value
        4. Livestock Insurance
          1. By Value
        5. Greenhouse Insurance
          1. By Value
        6. Aquaculture Insurance
          1. By Value
        7. Bloodstock Insurance
          1. By Value
        8. Forestry Insurance
          1. By Value
    4. Korea
    5. Japan
    6. India
    7. Australia
    8. Taiwan
    9. South East Asia
    10. Rest Of Asia-Pacific
  11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Managed Crop Hail Insurance
        1. By Value
      3. Multi-Peril Crop Insurance
        1. By Value
      4. Livestock Insurance
        1. By Value
      5. Greenhouse Insurance
        1. By Value
      6. Aquaculture Insurance
        1. By Value
      7. Bloodstock Insurance
        1. By Value
      8. Forestry Insurance
        1. By Value
    3. UAE
      1. By Product
        1. Introduction
          1. Product By Value
        2. Managed Crop Hail Insurance
          1. By Value
        3. Multi-Peril Crop Insurance
          1. By Value
        4. Livestock Insurance
          1. By Value
        5. Greenhouse Insurance
          1. By Value
        6. Aquaculture Insurance
          1. By Value
        7. Bloodstock Insurance
          1. By Value
        8. Forestry Insurance
          1. By Value
    4. Turkey
    5. Saudi Arabia
    6. South Africa
    7. Egypt
    8. Nigeria
    9. Rest Of MEA
  12. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Product
      1. Introduction
        1. Product By Value
      2. Managed Crop Hail Insurance
        1. By Value
      3. Multi-Peril Crop Insurance
        1. By Value
      4. Livestock Insurance
        1. By Value
      5. Greenhouse Insurance
        1. By Value
      6. Aquaculture Insurance
        1. By Value
      7. Bloodstock Insurance
        1. By Value
      8. Forestry Insurance
        1. By Value
    3. Brazil
      1. By Product
        1. Introduction
          1. Product By Value
        2. Managed Crop Hail Insurance
          1. By Value
        3. Multi-Peril Crop Insurance
          1. By Value
        4. Livestock Insurance
          1. By Value
        5. Greenhouse Insurance
          1. By Value
        6. Aquaculture Insurance
          1. By Value
        7. Bloodstock Insurance
          1. By Value
        8. Forestry Insurance
          1. By Value
    4. Mexico
    5. Argentina
    6. Chile
    7. Colombia
    8. Rest Of LATAM
  13. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Agriculture Reinsurance Market Share By Manufacturers
    3. Agriculture Reinsurance Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
  14. MARKET PLAYERS ASSESSMENT
    1. Munich Re
      1. Overview
      2. Business Information
      3. Revenue
      4. ASP
      5. Gross Margin
      6. Swot Analysis
      7. Recent Developmments
    2. Swiss Re
    3. Hannover Re
    4. PartnerRe
    5. Scor Re
    6. Everest Re
    7. Polish Re
    8. Hamilton Re
    9. Sompo International
    10. Toa Re.
  15. RESEARCH METHODOLOGY
    1. Research Data
      1. Secondary Data
        1. Major Secondary Sources
        2. Key Data From Secondary Sources
      2. Primary Data
        1. Key Data From Primary Sources
        2. Breakdown Of Primaries
      3. Secondary And Primary Research
        1. Key Industry Insights
    2. Market Size Estimation
      1. Bottom-Up Approach
      2. Top-Down Approach
      3. Market Projection
    3. Research Assumptions
      1. Assumptions
    4. Limitations
    5. Risk Assessment
  16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
  17. DISCLAIMER

Table of Content @ https://straitsresearch.com/report/agriculture-reinsurance-market/toc

News Media

Developing Countries Across to Drive the Agriculture Reinsurance Market During the Forecast Period, 2019–2026

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