Agricultural Crop Insurance Market Size & Share 2023 – Business Review, Key Findings, Company Profiles, Growth Strategy, Developing Technologies, Trends and Forecast by Regions
Agricultural Crop Insurance Market
Agricultural insurance protects against loss of or damage to crops or livestock. It has great potential to provide value to low-income farmers and their communities, both by protecting farmers when shocks occur and by encouraging greater investment in crops. However, in practice its effectiveness has often been constrained by the difficulty of designing good products and by demand constraints.This report focuses on global and United States Agricultural Crop Insurance market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global Agricultural Crop Insurance market size is estimated to be worth USD 40400 million in 2022 and is forecast to a readjusted size of USD 55070 million by 2028 with a CAGR of 5.3% during the review period. Global Agricultural Crop Insurance key players include PICC, Zurich, Chubb, Sompo, QBE, etc. Global top five manufacturers hold a share over 30%. North America is the largest market, with a share about 40%. In terms of product, Crop or MPCI is the largest segment, with a share over 80%. And in terms of application, the largest application is Agency, followed by Brokers, Digital and Direct Channel, Bancassurance, etc.Agricultural Crop Insurance market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Agricultural Crop Insurance market will be able to gain the upper hand as they use the report as a powerful resource.
Major players covered in Agricultural Crop Insurance Market are:
- PICC
- Zurich
- Chubb
- Sompo
- QBE
- China United Property Insurance
- Agriculture Insurance Company of India
- AXA
- American Financial Group
- Everest Re Group
- Tokio Marine
- Prudential
- AIG
- Farmers Mutual Hail
- New India Assurance
- SCOR
Market Segment by Type:
- MPCI
- Hail
Market Segment by Application:
- Agencies
- Digital and Direct Channel
- Brokers
- Bancassurance
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