Global Agricultural Crop Insurance Market Opportunities and Industry Analysis to 2019-2024
Bharat Book Bureau Provides the Trending Market Research Report on "Global Agricultural Crop Insurance Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” (https://www.bharatbook.com/marketreports/global-agricultural-crop-insurance-market-2019-by-manufacturers-regions-type-and-application-forecast-to-2024/1386176) under Food & Beverage Category. The report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Agricultural Crop insurance is purchased by agricultural producers, including farmers, ranchers, and others to protect themselves against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of Premiums due to declines in the prices of agricultural commodities.
Scope of the Report:
The main types of Agricultural Crop Insurance are: MPCI and Hail. MPCI enjoyed the largest proportion in global market, accounting for over 87%.
Geographically, the global Agricultural Crop Insurance has been segmented into North America, Europe, Asia-Pacific, Latin America, Africa and RoW. The North America held the largest share in the global Agricultural Crop Insurance market, its premiums of global market exceeds 51% in 2017.
Along with the Asia-Pacific region; European countries have had some form of crop 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 Crop 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 Crop Insurance industry could also be attributed to North America which introduced the revenue-based Agricultural Corp Insurance and, more recently, from emerging markets such as China, India and Brazil, driven by rapidly increasing insurance penetration.
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Last Update : 23 February 2019
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