Agriculture Reinsurance Market by Crop Insurance Type, Product, Type

Description

List of Tables

[186 Pages Report] The Agriculture Reinsurance Market size was estimated at USD 15.44 billion in 2022 and expected to reach USD 17.53 billion in 2023, at a CAGR 13.70% to reach USD 43.15 billion by 2030.

Global Agriculture Reinsurance Market

KEY MARKET STATISTICS
Base Year [2022]	USD 15.44 billion
Estimated Year [2023]	USD 17.53 billion
Forecast Year [2030]	USD 43.15 billion
CAGR (%)	13.70%

Agriculture reinsurance refers to the risk management practice where an insurance business transfers a portion of its agricultural insurance liabilities to a reinsurance company. This transaction helps the primary insurer mitigate the risk of large claims or catastrophic events arising from agricultural uncertainties such as natural disasters, disease outbreaks in livestock, or significant price volatility in agricultural commodities. Reinsurance arrangements in agriculture help insurers stabilize their financial performance, manage their risk exposure, and maintain solvency while offering comprehensive coverage to farmers and agribusinesses. The elevating frequency of extreme weather events is driving demand for reinsurance services. In addition, subsidies and support programs for agriculture insurance make reinsurance more accessible to insurers. However, the multifaceted nature of agricultural risks makes policy design and risk transfer challenging for providers of agriculture reinsurance. In addition, seasonal variations and cyclic prices affect the predictability and stability of the agriculture reinsurance market. Nevertheless, developing advanced models to assess and predict climate-related risks with greater accuracy and creating customized reinsurance products for niche markets within agriculture are expanding the usage of agriculture reinsurance solutions.

Regional Insights

The Asia Pacific agricultural sector is characterized by a high reliance on agriculture with a strong need for insurance products tailored to small-scale farmers, who require protection against crop failures due to extreme weather events. The significant investments in agritech startups and smart farming solutions across the region have propelled the demand for agriculture reinsurance in the Asia-Pacific. Numerous public-private partnership initiatives are underway in the Asia-Pacific to enhance crop insurance penetration and farmer financial literacy programs. The Americas represents a highly developing agricultural reinsurance market with strong risk management practices and reinsurance mechanisms. Farmers in these regions tend to engage well with insurance products, reflecting a maturity in understanding the importance of safeguarding their operations. In addition, government-led crop insurance schemes influence the market dynamics of agriculture reinsurance. The European has a well-established Common Agricultural Policy (CAP) influencing insurance purchasing behavior. In the EU, demand for sophisticated insurance products that accommodate various agricultural practices and compliance with environmental standards is growing due to increased consumer awareness and adoption of insurance solutions. The ongoing investments by the vendors and supportive government initiatives for the agricultural sector are expected to enhance the availability of agriculture reinsurance in the EMEA region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Agriculture Reinsurance Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Agriculture Reinsurance Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Agriculture Reinsurance Market, highlighting leading vendors and their innovative profiles. These include African Reinsurance Corporation, Agritask, AIR Worldwide Corporation, Allianz Group, American Agricultural Insurance Company, Aon PLC, Arch Capital Group Ltd., AXA Group, AXIS Capital Group, Berkshire Hathaway Inc., Canopius Managing Agents Limited, Continental Reinsurance Plc, Core Specialty Insurance Holdings, Inc., Everest Re Group Ltd., Gallagher Re, Guy Carpenter & Company, LLC, Hannover Re Group, MS Amlin AG, Munich Re, PartnerRe Ltd., QBE Insurance Group Limited, R+V Versicherung AG, Scor SE, Sompo Holdings, Inc., and Swiss Re.

Market Segmentation & Coverage

This research report categorizes the Agriculture Reinsurance Market to forecast the revenues and analyze trends in each of the following sub-markets:

Crop Insurance Type
- Crop Price Reinsurance
- Crop Revenue Reinsurance
- Crop Yield Reinsurance
Product
- Aquaculture Insurance
- Bloodstock Insurance
- Forestry Insurance
- Greenhouse Insurance
- Livestock Insurance
- Managed Crop Hail Insurance
- Multi-Peril Crop Insurance
Type
- Excess-of-Loss Reinsurance
- Facultative Coverage
- Loss-occurring Coverage
- Non-proportional Reinsurance
- Proportional Reinsurance
- Reinsurance Treaty
- Risk-Attaching Reinsurance
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Agriculture Reinsurance Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Agriculture Reinsurance Market?

3. What are the technology trends and regulatory frameworks in the Agriculture Reinsurance Market?

4. What is the market share of the leading vendors in the Agriculture Reinsurance Market?

5. Which modes and strategic moves are suitable for entering the Agriculture Reinsurance Market?

Product Code: MRR-42653751E979

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Agriculture Reinsurance Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Perpetual Demand for Food from the Ever-Rising Population
  - 5.1.1.2. Increasing Potential for Livestock Insurance and Shortfall Risk of Interconnected Stakeholders
  - 5.1.1.3. Growing Environmental Risks on Agriculture Sector
- 5.1.2. Restraints
  - 5.1.2.1. Lack of Trust in Insurance Companies
- 5.1.3. Opportunities
  - 5.1.3.1. Government Support for Agricultural Reinsurance and Compulsive Programs on Crop & Livestock Insurance
  - 5.1.3.2. New Insurance Policies Launches by the Companies
- 5.1.4. Challenges
  - 5.1.4.1. Lack of Awareness of the Farmers in Developing Economies
5.2. Market Segmentation Analysis
- 5.2.1. Crop Insurance Type: Growing preference for crop price reinsurance to ensure guaranteed crop price
- 5.2.2. Product: Penetration of agriculture reinsurance for livestock coverage
- 5.2.3. Type: Adoption of risk-attaching reinsurance in the dynamic environment of agricultural risks
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter's Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization

6. Agriculture Reinsurance Market, by Crop Insurance Type

6.1. Introduction
6.2. Crop Price Reinsurance
6.3. Crop Revenue Reinsurance
6.4. Crop Yield Reinsurance

7. Agriculture Reinsurance Market, by Product

7.1. Introduction
7.2. Aquaculture Insurance
7.3. Bloodstock Insurance
7.4. Forestry Insurance
7.5. Greenhouse Insurance
7.6. Livestock Insurance
7.7. Managed Crop Hail Insurance
7.8. Multi-Peril Crop Insurance

8. Agriculture Reinsurance Market, by Type

8.1. Introduction
8.2. Excess-of-Loss Reinsurance
8.3. Facultative Coverage
8.4. Loss-occurring Coverage
8.5. Non-proportional Reinsurance
8.6. Proportional Reinsurance
8.7. Reinsurance Treaty
8.8. Risk-Attaching Reinsurance

9. Americas Agriculture Reinsurance Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Agriculture Reinsurance Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Agriculture Reinsurance Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Lexasure's InsurTech and AgriG8's FinTech Merge Forces
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. One Acre Fund Launches Reinsurance Scheme to Safeguard Smallholders Impacted by Climate Crisis
- 12.3.3. Investment & Funding
  - 12.3.3.1. Rokstone Announces USD 25 Million Allianz-backed Partnership

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. African Reinsurance Corporation
- 13.1.2. Agritask
- 13.1.3. AIR Worldwide Corporation
- 13.1.4. Allianz Group
- 13.1.5. American Agricultural Insurance Company
- 13.1.6. Aon PLC
- 13.1.7. Arch Capital Group Ltd.
- 13.1.8. AXA Group
- 13.1.9. AXIS Capital Group
- 13.1.10. Berkshire Hathaway Inc.
- 13.1.11. Canopius Managing Agents Limited
- 13.1.12. Continental Reinsurance Plc
- 13.1.13. Core Specialty Insurance Holdings, Inc.
- 13.1.14. Everest Re Group Ltd.
- 13.1.15. Gallagher Re
- 13.1.16. Guy Carpenter & Company, LLC
- 13.1.17. Hannover Re Group
- 13.1.18. MS Amlin AG
- 13.1.19. Munich Re
- 13.1.20. PartnerRe Ltd.
- 13.1.21. QBE Insurance Group Limited
- 13.1.22. R+V Versicherung AG
- 13.1.23. Scor SE
- 13.1.24. Sompo Holdings, Inc.
- 13.1.25. Swiss Re
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing