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Europe Crop Insurance Market Size, Share & Industry Analysis Report By Type, By Coverage, By Distribution Channel, By Country and Growth Forecast, 2025 - 2032

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    Report

  • 117 Pages
  • June 2025
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6107979
The Europe Crop Insurance Market is expected to 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 is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $2.50 billion by 2032. The Germany market is exhibiting a CAGR of 4.5% during 2025-2032. Additionally, the Spain market is expected to 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.

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

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
3.2 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

Companies Mentioned

  • 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