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The crop insurance market is forecasted to grow by USD 15.62 billion during 2024-2029, accelerating at a CAGR of 6.3% during the forecast period. The report on the crop insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by extreme weather conditions due to global warming, rise in government support for crop insurance, and expansion of crop insurance product lines.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The crop insurance market is segmented as below:
By Product
- Indemnity-based
- Index-based
By Type
- Crop yielded insurance
- Crop revenue insurance
By Distribution Channel
- Direct sales
- Brokers
- Bancassurance
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the crop insurance market covers the following areas:
- Crop Insurance Market sizing
- Crop Insurance Market forecast
- Crop Insurance Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Type
10 Market Segmentation by Distribution Channel
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global crop insurance market: Agriculture Insurance Co. of India Ltd., Allianz SE, Aon plc, AXA Group, Bajaj Finserv Ltd., Chubb Ltd., Everest Group Ltd., Great American Insurance Co, Hannover Re, HDFC ERGO General Insurance Co Ltd, ICICI Bank Ltd., Indian Farmers Fertiliser Cooperative Ltd., MARSH LLC, Munich Reinsurance Co., QBE Insurance Group Ltd., Reliance General Insurance, Sompo Holdings Inc., State Bank of India, Swiss Re Ltd., and Willis Towers Watson Public Ltd. Co..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is digital initiatives in crop insurance."
According to the report, one of the major drivers for this market is the extreme weather conditions due to global warming.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Agriculture Insurance Co. of India Ltd.
- Allianz SE
- Aon plc
- AXA Group
- Bajaj Finserv Ltd.
- Chubb Ltd.
- Everest Group Ltd.
- Great American Insurance Co
- Hannover Re
- HDFC ERGO General Insurance Co Ltd
- ICICI Bank Ltd.
- Indian Farmers Fertiliser Cooperative Ltd.
- MARSH LLC
- Munich Reinsurance Co.
- QBE Insurance Group Ltd.
- Reliance General Insurance
- Sompo Holdings Inc.
- State Bank of India
- Swiss Re Ltd.
- Willis Towers Watson Public Ltd. Co.
