Agriculture risks
Protect your agriculture portfolio with our reinsurance capacity, deep risk knowledge, and technology solutions, providing insights through our proprietary and industry-leading approach.
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Driven by climate change, agriculture risk profiles are changing. Clients face a new world where historical data can't be relied on in the same way as before. We're here to make sure you get the insights and risk transfer to build a resilient portfolio.
Our marine lines
Indemnity-based crop insurance products
- Named peril crop insurance
- Multi-peril crop insurance
- Commodity price contingent crop insurance
Other areas of cover
- Livestock insurance
- Bloodstock insurance
- Aquaculture insurance
- Forestry insurance
- Greenhouse insurance
Parametric
Index-based crop insurance products.
We offer drought insurance solutions based on remotely sensed soil moisture data.
- Area-yield insurance
- Weather insurance
- Other index insurance, e.g., remote-sensing based indices etc.
Beyond risk transfer
Our dedicated global underwriting team can also provide consulting on the design of direct insurance products and the use of technology for crop monitoring. We also deliver expertise in risk assessment, agriculture risk management technology and product innovation.
Customer stories
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Drought insurance powered by a soil moisture index
Kazakhstan's droughts threaten crops and farmers' livelihoods. We partnered with the government and VanderSat to create a satellite-based soil moisture index, offering daily global readings at 100m x 100m resolution. Our parametric mechanism ensures rapid reactions and payouts for affected farmers.
Europe's first revenue index insurance
The agricultural supply chain has to deal not only with increased crop shortfall risk due to bad weather, but also with heightened price risk. For smaller players unable to open a position due to insufficient capacity, or for those just wanting a convenient cover for price and crop shortfall, revenue insurance could be the sensible way forward. In 2013, Swiss Re launched the first revenue insurance in France, where we insured 10 000 ha of land.
Airborne loss adjustment
In Taiwan, typhoons pose a threat to banana production. To assess the damage in the most accurate and efficient way, drones take pictures while flying over the plantations. Partnering with one of our clients, we launched a novel plant insurance in Taiwan, which already covers an area of 500 ha with an insurance sum of USD 4.5 mio. With drones capable of flying over 600 ha per day, loss adjustment can be conducted faster.