Global trends increase the importance of agricultural reinsurance
With the global population passing seven billion, the need to secure food production has become more important than ever before. Competition on food resources has increased, while arable land is shrinking and global food commodity prices are rising. An increase in the frequency and severity of natural catastrophes has led to a growing demand to mitigate the risks farmers face, and help them better react to unforeseen events.
Crop Insurance - in particular multi-peril corp insurance - is an important tool to respond to these requirements both from an individual farmers' as well as from national and global perspectives.