According to a market report by Lucintel, the future of the global agricultural insurance market looks promising with opportunities in the multi-peril crop insurance, crop-hail insurance, and livestock markets. The global agricultural insurance market is expected to reach an estimated $48.5 billion by 2030 from $39.5 billion in 2024, at a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are increased use of agricultural insurance, growing demand for safeguards against losses in the agricultural industry, as well as, initiatives to educate farmers of all stripes on the value and benefits of agriculture insurance.
A more than 150-page report to understand trends, opportunity and forecast in agricultural insurance market to 2030 by distribution channel (banks, insurance companies, brokers/agents, and others), coverage (multi-peril crop insurance, crop-hail insurance, livestock, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that insurance companies is expected to witness the highest growth over the forecast period because of the knowledge and assets to oversee and underwrite policies in the agricultural insurance sector, as well as, to connect with farmers and other agricultural producers, they also have a large network of agents and brokers.
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North America is expected to witness the highest growth over the forecast period due to the growing awareness of risk management strategies and insurance packages combined with emerging economies, along with the growing investments made by regional manufacturers on technical innovations.
China United Property Insurance, ICICI Lombard, Chubb, QBE, CUNA Mutual, Farmers Mutual Hail, Agriculture Insurance Company of India, PICC, American Financial are the major suppliers in the agricultural insurance market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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