Global Crop Insurance Market Growth Driven by Rising Interest and Innovation

by Newsroom


(EMAILWIRE.COM, January 28, 2025 ) Crop Insurance Market coverage with more tailored options is becoming more available because of increased government support for protecting farmers against volatility in incomes, prices, and yields. The adoption of artificial intelligence (A.I.) technology to personalize crop insurance is boosting the industry’s growth. Artificial intelligence can use crop cutting experiments (CCE) to predict yield and profit and provide numerous ecological insights such as water stress and crop health.

North America is expected to grow the global Crop Insurance Market because agriculture, especially in the USA, is colossal along with Canada. With growing developments in the Middle East and Africa, the Crop Insurance market is projected to grow steadily. In APAC, China and India are the most important countries for crop insurance.

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CROP INSURANCE MARKET SEGMENTATION

BY COVERAGE TYPE

Multi-peril Crop Insurance (MPCI)

Crop-hail Insurance

BY DISTRIBUTION CHANNEL

Banks

Insurance Companies

Brokers/Agents

Others

BY TYPE

Crop Yield Insurance

Revenue Insurance

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KEY PLAYERS ARE

North America

American Finlands Group Inc

American International Group Inc

Europe

axa insurance

Chubb Ltd

APAC

Agriculture Insurance Co. of India Ltd.

ICICI Bank Ltd.

ME

Santam Ltd.

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