Agriculture Reinsurance Market Opportunities, Business Forecast To 2029

The global agriculture reinsurance market size was valued at USD 15,443.8 million in 2022 and is poised to grow at a CAGR of 13.3% during the forecast period 2023 to 2029. The primary drivers of the expansion of the global agriculture reinsurance market include the increasing support of government in agriculture, technology advancement and revolution, and increasing risks of losing crops in agriculture due to natural disasters, insufficient water supply, and climatic factors among others.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/agriculture-reinsurance-market

Crop Hail Reinsurance Segment is expected to Dominate the Agriculture Reinsurance Market:
Based on the Product coverage, the global agriculture reinsurance market is segmented into Multi-peril Crop Insurance, Crop-hail Insurance, Livestock Insurance, Greenhouse Insurance, and Others. The crop hail reinsurance segment is expected to account for a larger revenue share in the global agriculture reinsurance market. The Risk related to loss of crop due to climatic factor or scarcity of water or due to other natural disasters is increasing day by day and there are high chances losing the crops, the crop hail insurance provides compensation for the loss or damage of crops due to the hail or fire. The crop hail insurance is provided by the private insurance sectors across the globe and is expected to have an significant growth in the forecasted years in this segment.

Asia Pacific Agriculture Reinsurance Market:
The Asia Pacific agriculture reinsurance market is expected to increase over the forecast period due to the natural diversification present in this region and as agriculture being considered as primary economy in countries like India thus this region is expected to have a significant growth in the forecasted years. Moreover, countries like India and China in Asia Pacific region have improved their exports of agricultural product solution fuels the growth of agriculture reinsurance market in this region. The Latin American and African region is also expected to have a substantial growth in the forecasted year due to the presence several potential reinsurance companies in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Agriculture Reinsurance market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In August 2019, Indian Government-owned Agriculture Insurance Company (AIC) plans to launch crop reinsurance services abroad, particularly in other South Asian countries like Nepal, Sri Lanka, and Bangladesh and the Philippines. In September 2021, Global reinsurer MS Amlin AG (MS AAG) has entered the agriculture reinsurance market. In March 2023, Ceres Imaging releases AI data analytics suite for Agriculture reinsurer.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=405744

Detailed Segmentation:
The Agriculture Reinsurance market is segmented based on product coverage, distribution channel, and geography.

Based on the product coverage, the market is segmented into the following:
• Multi-peril Crop Insurance
• Crop-hail Insurance
• Livestock Insurance
• Greenhouse Insurance
• Others
Based on the distribution channel, the market is segmented into the following:
• Banks
• Insurance Companies
• Brokers/Agents
• Others
Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Key players profiles in the Agriculture Reinsurance market report are Swiss Reinsurance Company Ltd., Sompo International Holdings Ltd., Axa XL, Syngenta, Munich Re, Agroinsurance, Hanover Re, Partner Re, Scor Re, Gramcover, Mapfre Re, Berkshire Hathaway, Everest Re, China Reinsurance, QBE, Tokio Marine

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.