PUBLISHER: KBV Research | PRODUCT CODE: 1768324
PUBLISHER: KBV Research | PRODUCT CODE: 1768324
Europe Crop Insurance Market Size, Share & Industry Analysis Report By Type (Multi-peril Crop Insurance, Crop-hail Insurance, and Revenue Insurance), By Coverage, By Distribution Channel, By Country and Growth Forecast, 2025 - 2032
The Europe Crop Insurance Market would witness market growth of 5.5% CAGR during the forecast period (2025-2032).
The France market dominated the Europe Crop Insurance Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $2,508.7 million by 2032. The Germany market is exhibiting a CAGR of 4.5% during (2025 - 2032). Additionally, The Spain market would experience a CAGR of 6.3% during (2025 - 2032).
Crop insurance also encompasses revenue-based policies that safeguard farmers against price volatility in agricultural markets. These policies ensure that farmers receive compensation when market prices fall below a certain threshold, helping them maintain financial stability even during unfavourable market conditions. Additionally, crop insurance is tailored to meet the needs of diverse agricultural systems, from smallholder farms in developing nations to large-scale commercial operations in industrialized countries.
For instance, in regions prone to climate variability, such as sub-Saharan Africa or South Asia, crop insurance is often designed to address specific weather-related risks, while in developed markets, it may include coverage for advanced farming practices like precision agriculture. The flexibility of crop insurance programs allows them to be customized to local conditions, crop types, and farming practices, making them a versatile tool for agricultural risk management.
Europe's market is characterized by a mix of national government support and private sector participation, with countries like France, Germany, and Italy having relatively mature systems. The Common Agricultural Policy (CAP) of the European Union plays a pivotal role in funding risk management instruments, including insurance subsidies. European agriculture faces increasing challenges from climate variability, such as unseasonal frosts, prolonged droughts, and excessive rainfall, prompting a growing reliance on crop insurance for financial stability. The market is witnessing a steady shift toward technologically advanced solutions like remote sensing, risk modeling, and parametric insurance.
Sustainability considerations and regulatory compliance are also becoming significant influencers in shaping insurance offerings in the region. France hosts one of Europe's most dynamic markets, driven by its large and diverse agricultural sector and increasing frequency of climate-related events like droughts and floods. The introduction of a reformed agricultural disaster compensation framework in 2023 has reshaped the insurance landscape, where mutual insurers now work alongside the state in providing more comprehensive multi-risk coverage. Trends show a shift from traditional single-risk policies to multi-peril crop insurance, as farmers seek broader protection against unpredictable weather.
Italy's market is gradually expanding as the country grapples with increasing instances of weather-related crop failures, particularly in southern and central regions. The market has seen steady support from the National Agricultural Risk Management Plan, which incentivizes farmers to adopt insurance through subsidies and co-financing from the EU's Common Agricultural Policy (CAP). Trends reveal a growing preference for multi-risk insurance, especially for vineyards, olive groves, and cereal crops. Insurers such as Generali Italia, Cattolica Assicurazioni, and Reale Mutua are key players, offering tailored products that align with Italy's varied agro-climatic zones. Therefore, Europe's market is steadily modernizing with EU support, focusing on climate resilience, sustainability, and digital integration.
Based on Type, the market is segmented into Multi-peril Crop Insurance (MPCI), Crop-hail Insurance, and Revenue Insurance. Based on Coverage, the market is segmented into Revenue Protection, Yield Protection, and Price Protection. Based on Distribution Channel, the market is segmented into Government Agencies, Insurance Companies, and Other Distribution Channel. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- USI Insurance Services, LLC
- QBE Insurance Group Limited
- Chubb Limited
- Zurich Insurance Group Ltd.
- Great American Insurance Company (American Financial Group, Inc.)
- American International Group, Inc. (AIG)
- Nationwide Mutual Insurance Company
- ICICI Lombard General Insurance Company Limited (ICICI Bank Limited)
- AXA SA
- Bajaj Allianz General Insurance Company
Europe Crop Insurance Market Report Segmentation
By Type
- Multi-peril Crop Insurance (MPCI)
- Crop-hail Insurance
- Revenue Insurance
By Coverage
- Revenue Protection
- Yield Protection
- Price Protection
By Distribution Channel
- Government Agencies
- Insurance Companies
- Other Distribution Channel
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Crop Insurance Market, by Type
- 1.4.2 Europe Crop Insurance Market, by Coverage
- 1.4.3 Europe Crop Insurance Market, by Distribution Channel
- 1.4.4 Europe Crop Insurance Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. Value Chain Analysis of Crop Insurance Market
- 4.1 Product Development
- 4.2 Regulatory & Compliance Management
- 4.3 Marketing & Awareness
- 4.4 Distribution & Sales
- 4.5 Policy Underwriting
- 4.6 Premium Collection & Payment Systems
- 4.7 Monitoring & Risk Assessment
- 4.8 Claims Management
- 4.9 Customer Service & Support
- 4.10. Feedback & Product Improvement
Chapter 5. Key Customer Criteria of Crop Insurance Market
- 5.1 Coverage & Risk Protection
- 5.2 Premium Affordability
- 5.3 Claim Settlement Speed & Ease
- 5.4 Customization & Flexibility
- 5.5 Reputation & Reliability
- 5.6 Government Support & Subsidies
- 5.7 Technology & Data Use
- 5.8 Ease of Purchase & Access
- 5.9 Customer Service & Support
- 5.10. Policy Transparency
Chapter 6. Europe Crop Insurance Market by Type
- 6.1 Europe Multi-peril Crop Insurance (MPCI) Market by Country
- 6.2 Europe Crop-hail Insurance Market by Country
- 6.3 Europe Revenue Insurance Market by Country
Chapter 7. Europe Crop Insurance Market by Coverage
- 7.1 Europe Revenue Protection Market by Country
- 7.2 Europe Yield Protection Market by Country
- 7.3 Europe Price Protection Market by Country
Chapter 8. Europe Crop Insurance Market by Distribution Channel
- 8.1 Europe Government Agencies Market by Country
- 8.2 Europe Insurance Companies Market by Country
- 8.3 Europe Other Distribution Channel Market by Country
Chapter 9. Europe Crop Insurance Market by Country
- 9.1 France Crop Insurance Market
- 9.1.1 France Crop Insurance Market by Type
- 9.1.2 France Crop Insurance Market by Coverage
- 9.1.3 France Crop Insurance Market by Distribution Channel
- 9.2 Germany Crop Insurance Market
- 9.2.1 Germany Crop Insurance Market by Type
- 9.2.2 Germany Crop Insurance Market by Coverage
- 9.2.3 Germany Crop Insurance Market by Distribution Channel
- 9.3 Spain Crop Insurance Market
- 9.3.1 Spain Crop Insurance Market by Type
- 9.3.2 Spain Crop Insurance Market by Coverage
- 9.3.3 Spain Crop Insurance Market by Distribution Channel
- 9.4 Russia Crop Insurance Market
- 9.4.1 Russia Crop Insurance Market by Type
- 9.4.2 Russia Crop Insurance Market by Coverage
- 9.4.3 Russia Crop Insurance Market by Distribution Channel
- 9.5 UK Crop Insurance Market
- 9.5.1 UK Crop Insurance Market by Type
- 9.5.2 UK Crop Insurance Market by Coverage
- 9.5.3 UK Crop Insurance Market by Distribution Channel
- 9.6 Italy Crop Insurance Market
- 9.6.1 Italy Crop Insurance Market by Type
- 9.6.2 Italy Crop Insurance Market by Coverage
- 9.6.3 Italy Crop Insurance Market by Distribution Channel
- 9.7 Rest of Europe Crop Insurance Market
- 9.7.1 Rest of Europe Crop Insurance Market by Type
- 9.7.2 Rest of Europe Crop Insurance Market by Coverage
- 9.7.3 Rest of Europe Crop Insurance Market by Distribution Channel
Chapter 10. Company Profiles
- 10.1 USI Insurance Services, LLC
- 10.1.1 Company Overview
- 10.2 QBE Insurance Group Limited
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Regional Analysis
- 10.3 Chubb Limited
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 SWOT Analysis
- 10.4 Zurich Insurance Group Ltd.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 SWOT Analysis
- 10.5 Great American Insurance Company (American Financial Group, Inc.)
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.6 American International Group, Inc. (AIG)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Regional Analysis
- 10.6.4 SWOT Analysis
- 10.7 Nationwide Mutual Insurance Company
- 10.7.1 Company Overview
- 10.8 ICICI Lombard General Insurance Company Limited (ICICI Bank Limited)
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.9 AXA SA
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 SWOT Analysis
- 10.10. Bajaj Allianz General Insurance Company
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
LIST OF TABLES
- TABLE 1 Europe Crop Insurance Market, 2021 - 2024, USD Million
- TABLE 2 Europe Crop Insurance Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria of Crop Insurance Market
- TABLE 4 Europe Crop Insurance Market by Type, 2021 - 2024, USD Million
- TABLE 5 Europe Crop Insurance Market by Type, 2025 - 2032, USD Million
- TABLE 6 Europe Multi-peril Crop Insurance (MPCI) Market by Country, 2021 - 2024, USD Million
- TABLE 7 Europe Multi-peril Crop Insurance (MPCI) Market by Country, 2025 - 2032, USD Million
- TABLE 8 Europe Crop-hail Insurance Market by Country, 2021 - 2024, USD Million
- TABLE 9 Europe Crop-hail Insurance Market by Country, 2025 - 2032, USD Million
- TABLE 10 Europe Revenue Insurance Market by Country, 2021 - 2024, USD Million
- TABLE 11 Europe Revenue Insurance Market by Country, 2025 - 2032, USD Million
- TABLE 12 Europe Crop Insurance Market by Coverage, 2021 - 2024, USD Million
- TABLE 13 Europe Crop Insurance Market by Coverage, 2025 - 2032, USD Million
- TABLE 14 Europe Revenue Protection Market by Country, 2021 - 2024, USD Million
- TABLE 15 Europe Revenue Protection Market by Country, 2025 - 2032, USD Million
- TABLE 16 Europe Yield Protection Market by Country, 2021 - 2024, USD Million
- TABLE 17 Europe Yield Protection Market by Country, 2025 - 2032, USD Million
- TABLE 18 Europe Price Protection Market by Country, 2021 - 2024, USD Million
- TABLE 19 Europe Price Protection Market by Country, 2025 - 2032, USD Million
- TABLE 20 Europe Crop Insurance Market by Distribution Channel, 2021 - 2024, USD Million
- TABLE 21 Europe Crop Insurance Market by Distribution Channel, 2025 - 2032, USD Million
- TABLE 22 Europe Government Agencies Market by Country, 2021 - 2024, USD Million
- TABLE 23 Europe Government Agencies Market by Country, 2025 - 2032, USD Million
- TABLE 24 Europe Insurance Companies Market by Country, 2021 - 2024, USD Million
- TABLE 25 Europe Insurance Companies Market by Country, 2025 - 2032, USD Million
- TABLE 26 Europe Other Distribution Channel Market by Country, 2021 - 2024, USD Million
- TABLE 27 Europe Other Distribution Channel Market by Country, 2025 - 2032, USD Million
- TABLE 28 Europe Crop Insurance Market by Country, 2021 - 2024, USD Million
- TABLE 29 Europe Crop Insurance Market by Country, 2025 - 2032, USD Million
- TABLE 30 France Crop Insurance Market, 2021 - 2024, USD Million
- TABLE 31 France Crop Insurance Market, 2025 - 2032, USD Million
- TABLE 32 France Crop Insurance Market by Type, 2021 - 2024, USD Million
- TABLE 33 France Crop Insurance Market by Type, 2025 - 2032, USD Million
- TABLE 34 France Crop Insurance Market by Coverage, 2021 - 2024, USD Million
- TABLE 35 France Crop Insurance Market by Coverage, 2025 - 2032, USD Million
- TABLE 36 France Crop Insurance Market by Distribution Channel, 2021 - 2024, USD Million
- TABLE 37 France Crop Insurance Market by Distribution Channel, 2025 - 2032, USD Million
- TABLE 38 Germany Crop Insurance Market, 2021 - 2024, USD Million
- TABLE 39 Germany Crop Insurance Market, 2025 - 2032, USD Million
- TABLE 40 Germany Crop Insurance Market by Type, 2021 - 2024, USD Million
- TABLE 41 Germany Crop Insurance Market by Type, 2025 - 2032, USD Million
- TABLE 42 Germany Crop Insurance Market by Coverage, 2021 - 2024, USD Million
- TABLE 43 Germany Crop Insurance Market by Coverage, 2025 - 2032, USD Million
- TABLE 44 Germany Crop Insurance Market by Distribution Channel, 2021 - 2024, USD Million
- TABLE 45 Germany Crop Insurance Market by Distribution Channel, 2025 - 2032, USD Million
- TABLE 46 Spain Crop Insurance Market, 2021 - 2024, USD Million
- TABLE 47 Spain Crop Insurance Market, 2025 - 2032, USD Million
- TABLE 48 Spain Crop Insurance Market by Type, 2021 - 2024, USD Million
- TABLE 49 Spain Crop Insurance Market by Type, 2025 - 2032, USD Million
- TABLE 50 Spain Crop Insurance Market by Coverage, 2021 - 2024, USD Million
- TABLE 51 Spain Crop Insurance Market by Coverage, 2025 - 2032, USD Million
- TABLE 52 Spain Crop Insurance Market by Distribution Channel, 2021 - 2024, USD Million
- TABLE 53 Spain Crop Insurance Market by Distribution Channel, 2025 - 2032, USD Million
- TABLE 54 Russia Crop Insurance Market, 2021 - 2024, USD Million
- TABLE 55 Russia Crop Insurance Market, 2025 - 2032, USD Million
- TABLE 56 Russia Crop Insurance Market by Type, 2021 - 2024, USD Million
- TABLE 57 Russia Crop Insurance Market by Type, 2025 - 2032, USD Million
- TABLE 58 Russia Crop Insurance Market by Coverage, 2021 - 2024, USD Million
- TABLE 59 Russia Crop Insurance Market by Coverage, 2025 - 2032, USD Million
- TABLE 60 Russia Crop Insurance Market by Distribution Channel, 2021 - 2024, USD Million
- TABLE 61 Russia Crop Insurance Market by Distribution Channel, 2025 - 2032, USD Million
- TABLE 62 UK Crop Insurance Market, 2021 - 2024, USD Million
- TABLE 63 UK Crop Insurance Market, 2025 - 2032, USD Million
- TABLE 64 UK Crop Insurance Market by Type, 2021 - 2024, USD Million
- TABLE 65 UK Crop Insurance Market by Type, 2025 - 2032, USD Million
- TABLE 66 UK Crop Insurance Market by Coverage, 2021 - 2024, USD Million
- TABLE 67 UK Crop Insurance Market by Coverage, 2025 - 2032, USD Million
- TABLE 68 UK Crop Insurance Market by Distribution Channel, 2021 - 2024, USD Million
- TABLE 69 UK Crop Insurance Market by Distribution Channel, 2025 - 2032, USD Million
- TABLE 70 Italy Crop Insurance Market, 2021 - 2024, USD Million
- TABLE 71 Italy Crop Insurance Market, 2025 - 2032, USD Million
- TABLE 72 Italy Crop Insurance Market by Type, 2021 - 2024, USD Million
- TABLE 73 Italy Crop Insurance Market by Type, 2025 - 2032, USD Million
- TABLE 74 Italy Crop Insurance Market by Coverage, 2021 - 2024, USD Million
- TABLE 75 Italy Crop Insurance Market by Coverage, 2025 - 2032, USD Million
- TABLE 76 Italy Crop Insurance Market by Distribution Channel, 2021 - 2024, USD Million
- TABLE 77 Italy Crop Insurance Market by Distribution Channel, 2025 - 2032, USD Million
- TABLE 78 Rest of Europe Crop Insurance Market, 2021 - 2024, USD Million
- TABLE 79 Rest of Europe Crop Insurance Market, 2025 - 2032, USD Million
- TABLE 80 Rest of Europe Crop Insurance Market by Type, 2021 - 2024, USD Million
- TABLE 81 Rest of Europe Crop Insurance Market by Type, 2025 - 2032, USD Million
- TABLE 82 Rest of Europe Crop Insurance Market by Coverage, 2021 - 2024, USD Million
- TABLE 83 Rest of Europe Crop Insurance Market by Coverage, 2025 - 2032, USD Million
- TABLE 84 Rest of Europe Crop Insurance Market by Distribution Channel, 2021 - 2024, USD Million
- TABLE 85 Rest of Europe Crop Insurance Market by Distribution Channel, 2025 - 2032, USD Million
- TABLE 86 Key information - USI Insurance Services, LLC
- TABLE 87 Key Information - QBE Insurance Group Limited
- TABLE 88 Key Information - Chubb Limited
- TABLE 89 Key Information - Zurich Insurance Group Ltd.
- TABLE 90 Key Information - Great American insurance company
- TABLE 91 Key Information - American International Group, Inc. (AIG)
- TABLE 92 Key Information - Nationwide Mutual Insurance Company
- TABLE 93 Key Information - ICICI Lombard General Insurance Company Limited
- TABLE 94 key information - AXA SA
- TABLE 95 Key Information - Bajaj Allianz General Insurance Company
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 Europe Crop Insurance Market, 2021 - 2032, USD Million
- FIG 3 Key Factors Impacting Crop Insurance Market
- FIG 4 Porter's Five Forces Analysis - Crop Insurance Market
- FIG 5 Value Chain Analysis of Crop Insurance Market
- FIG 6 Key Customer Criteria of Crop Insurance Market
- FIG 7 Europe Crop Insurance Market share by Type, 2024
- FIG 8 Europe Crop Insurance Market share by Type, 2032
- FIG 9 Europe Crop Insurance Market by Type, 2021 - 2032, USD Million
- FIG 10 Europe Crop Insurance Market share by Coverage, 2024
- FIG 11 Europe Crop Insurance Market share by Coverage, 2032
- FIG 12 Europe Crop Insurance Market by Coverage, 2021 - 2032, USD Million
- FIG 13 Europe Crop Insurance Market share by Distribution Channel, 2024
- FIG 14 Europe Crop Insurance Market share by Distribution Channel, 2032
- FIG 15 Europe Crop Insurance Market by Distribution Channel, 2021 - 2032, USD Million
- FIG 16 Europe Crop Insurance Market share by Country, 2024
- FIG 17 Europe Crop Insurance Market share by Country, 2032
- FIG 18 Europe Crop Insurance Market by Country, 2021 - 2032, USD Million
- FIG 19 SWOT Analysis: Chubb Limited
- FIG 20 SWOT Analysis: Zurich Insurance Group Ltd.
- FIG 21 SWOT Analysis: American International Group, Inc. (AIG)
- FIG 22 SWOT Analysis: AXA SA
