Global Crop Insurance Market 2018-2022: Rising Number of Government Initiatives Being Launched for Insurance for Agriculture - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 14, 2018--The “Global Crop Insurance Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The global crop insurance market is expected to grow at a CAGR of almost 4% during the forecast period.
Factors such as rising number of government initiatives being launched for insurance for agriculture will drive the crop insurance industry during our forecast period. Governments of various countries across the globe are offering subsidies on the premium for crop insurance, which is expected to fuel the growth of the market. These factors are driving the investments in agriculture in efforts to increase the annual yield and boost the growth of the global crop insurance market.
Increasing investment in agriculture requiring protection
The increase in the use of machinery and precision agriculture technologies, the cost of farming has increased. The increasing costs, the protection of crops has become essential and is encouraging a large number of farmers to opt for crop insurance scheme.
High cost of manual verification of claims
The insurance requires underwriting of the policy after an assessment of individual farms. The cost of administering this type of insurance is high. The verification of these claims are done by manual labor in the developing countries, to pass down to the customer as higher premium, thus impacting the potential adoption of MPCI schemes.
The market appears to be fragmented owing to the presence of several established and regional vendors. The rise in government initiatives has led the vendors to promotes efficiency and cost savings in insurance. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Product
Part 08: Customer Landscape
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor AnalysisAgriculture Insurance Company of India Chubb Groupama QBE The People’s Insurance Company (Group) of China Zurich
For more information about this report visit https://www.researchandmarkets.com/research/mhq4pm/global_crop?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181214005323/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Crop Farming
INDUSTRY KEYWORD: NATURAL RESOURCES AGRICULTURE PROFESSIONAL SERVICES INSURANCE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/14/2018 11:00 AM/DISC: 12/14/2018 11:01 AM