Press release
Crop Insurance Market Overview 2023-2032 Covering Prime Factors And Leading Key Players - Chubb Corp, QBE Insurance Group Ltd., Sompo International, Tokio Marine Holdings Inc., Axa S.A.
Crop Insurance Market Analysis
As per the crop insurance market report by The Business Research Company, the increasing incidence of adverse weather conditions is expected to propel the growth of the crop insurance market going forward. Adverse weather refers to hazardous weather conditions, such as hurricanes, floods, blizzards, disease, wildfires, and extremely hot or extremely cold temperatures.
The global crop insurance market size is expected to grow from $36.98 billion in 2022 to $40.53 billion in 2023 at a compound annual growth rate (CAGR) of 9.60%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global crop insurance market size is expected to reach $54.26 billion in 2027 at a CAGR of 7.57%.
Read More On The Crop Insurance Market Report Here:
https://www.thebusinessresearchcompany.com/report/crop-insurance-global-market-report
Major competitors in the Crop Insurance market include Agriculture Insurance Company of India Limited, American Financial Group Inc., Chubb Corp, ICICI Lombard General Insurance Company Limited, QBE Insurance Group Ltd., Sompo International, Tokio Marine Holdings Inc., Zurich Insurance Company Ltd., Philippine Crop Insurance Corporation, Axa S.A., People's Insurance Company of China (PICC), Fairfax Financial Holdings, American International Group Inc., AmTrust Financial Services and Santam.
The Crop Insurance market is segmented -
By Type: Crop Yield Insurance, Crop Revenue Insurance
By Coverage: Multi-Peril Crop Insurance (MPCI), Crop-Hail Insurance
By Distribution Channel: Banks, Insurance Companies, Brokers Or Agents, Other Distribution Channels
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Crop Insurance market.
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Crop insurance is a comprehensive, yield-based policy designed to cover losses incurred by farmers as a result of production issues. It covers losses caused by climatic conditions, accidents, or any other unfavorable conditions that result in a decrease in a farmer's revenue.
The Table Of Content For The Crop Insurance Market Include:
1. Executive Summary
2. Crop Insurance Market Characteristics
3. Crop Insurance Market Trends And Strategies
4. Crop Insurance Market - Macro Economic Scenario
5. Crop Insurance Market Size And Growth
……
26. Africa Crop Insurance Market
27. Crop Insurance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Crop Insurance Market
29. Crop Insurance Market Future Outlook and Potential Analysis
30. Appendix
The "Global Crop Insurance Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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