Agricultural insurance: Happiness is in the field

A growing demand for crops for human and animal consumption, the increased use of machinery and modern farming technologies, and the ever-present threat of natural catastrophes are prompting more and more farmers to seek ways to manage and transfer the risks they face.

According to AXA XL’s Agricultural Insurance Survey 2018, farmers across the world are keen to see levels of coverage increase, to include full production risks, and eventually market risks too.

This article highlights emerging agricultural insurance markets, the role of public authorities, as well as the challenges and innovations shaping the industry.